Tieto is implementing a new pension payment system for two large Finnish pension providers, Keva and Varma. The deal is a three-year renewal project that creates a platform for automated and modern payments.
The solution will support Keva’s and Varma’s business processes and allow the companies to work more efficiently. The goal is to automate processes and save time that is currently spent on manual routine tasks. Instead, staff will be able to focus increasingly on tasks that require specialist knowledge.
Tieto has built and manages payment systems in Finland that currently handle payments to more than 650,000 pensioners. The new system will double the number of recipients using Tieto’s solutions.
The project will be carried out in stages with agile methods and tools. That includes DevOps methods and automated solutions for system development. The new pension payment system will replace aging systems and will connect seamlessly to tax authorities, banks and the public pension system. Modern technologies and modularity will enable flexible developments in the future, allowing the system to adapt to circumstances like new regulations in a cost-efficient way.
”We are pleased that Keva and Varma will rely on our expertise in this important renewal process,” says Christian Segersven, Vice President Financial Services, Tieto Finland.
For more information:
Christian Segersven, Vice President Financial Services, Tieto Finland, email: firstname.lastname@example.org, mobile +358 (0)50 311 2486,
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com
Keva is Finland’s largest pension provider and administers the pensions of local government, State, Church and Kela employees. Our 550-strong staff serve a total of 1.3 million public sector employees and pensioners as well as some 2,300 employer customers, i.e. local government organisations, State employers and parish unions. www.keva.fi
Varma is a mutual company, owned by its client companies and self-employed persons, insured employees and owners of the guarantee capital. We have approximately 66,000 self-employed and employer clients, and we handle the earnings-related pension coverage of some 862,000 people. We invest the assets collected as pension contributions profitably and securely for current and future pensions. With investments of EUR 40.0 billion, Varma is the largest private investor in Finland. www.varma.fi