Tieto to deliver cloud testing service to Finnish S-Bank

Tieto Corporation         PRESS RELEASE         23 November 2010 at 10.00 am EET

Tieto has made an agreement with S-Bank for the supply of cloud-based testing management. The implementation of the new service started in October 2010. S-Bank operates in Finland and is the only supermarket bank in the country with approximately 2.3 million customers.

Monika Liikamaa, responsible for service production at S-Bank, says, "We are a fast-growing bank, and our systems are continuously enhanced with new functionalities. By improving the management of testing we want to ensure the quality of our customers' bank services". According to Liikamaa, Tieto's service model fits the bank's business needs, as the system adapts quickly and flexibly as the needs change.

Jussi Grönholm, Vice President of Tieto's Financial Services in Finland, says, "We are happy to offer our long-term customer a cost-effective cloud solution for testing management. S-Bank will use Tieto's testing management over the internet and the service cost is based on the use."

Per Johanson, Head of Tieto Financial Services comments," Testing is currently one of the fastest growing outsourced services on the European IT market. When it comes to our role in the cloud ecosystem we have a strong basis to build on as we have in-depth experience in working with banks and other financial institutions critical processes with high security requirements."

For further information, please contact:

Sami Suro, Head of Testing services, Tieto Finland, tel. +358 400 743 788, sami.suro@tieto.com

Monika Liikamaa, Head of Service production, S-Bank, tel. +358 10 768 2036, monika.liikamaa@sok.fi

Kia Haring, Head of communications, Tieto Financial Services, tel. +358 40 765 3700, kia.haring@tieto.com

Omkar Thatte, Communications Manager, Tieto India, tel. +091 090 049 004 718, omkar.thatte@tieto.com

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Tieto is an IT service company providing IT, R&D and consulting services. With approximately 17 000 experts, we are among the leading IT service companies in Northern Europe and the global leader in selected segments. We specialize in areas where we have the deepest understanding of our customers' businesses and needs. Our superior customer centricity and expertise in digital services set us apart from our competitors. www.tieto.com, www.tieto.com/cloud

S-Bank Ltd is the banking arm of the biggest retailer in Finland, S Group,. It is owned by the nationwide cooperative organization called Suomen Osuuskauppojen Keskuskunta (SOK), regional co-operative S Group enterprises and one local co-operative enterprise. S-Bank has approximately 2.3 million customers. The bank's services are mainly aimed at the client-owners of the co-operatives, and the product range consists of services for daily finances, savings and the financing of purchases.