SWIFTReady accreditation for Tieto's payment solution
Tieto Corporation PRESS RELEASE 16 September 2011 at 10.00 am EET
Tieto has received the SWIFTReady Payments 2011 label for its payment solution that is a part of Tieto's Transaction Banking services. These services support banks' and their corporate and personal customers' payments around the world. Tieto's payment solution has been certified as SWIFTReady for over 10 consecutive years.
The SWIFT accreditation is for the highest operational standard regarding payments processing, which is an important part of the end-to-end payments processing chain in order to create a secure global channel for the interaction between financial institutions. The accreditation is proof of Tieto's capability to provide solutions that comply with the SWIFT standards allowing initiation, generation, processing, and settlement of interbank payments.
Furthermore, recently Tieto's messaging solution has received SWIFT connectivity qualification. This means that financial institutions have secure and reliable interface to various SWIFT messaging services that enable them to reach other financial institutions and clearing and settlement providers through various SWIFT protocols.
Dagfinn Loen, Senior Sales Manager, Tieto Financial Services comments: "We are committed to implementing any relevant changes from SWIFT quickly and before they become mandatory. This enables Tieto's customers to automate and standardize their financial transactions."
For further information please contact:
Dagfinn Loen, Senior Sales Manager, Tieto Financial Services, phone +47 21707814
Tieto is the leading IT service company in Northern Europe providing IT and product engineering services. Our highly specialized IT solutions and services complemented by a strong technology platform create tangible business benefits for our local and global customers. As a trusted transformation partner, we are close to our customers and understand their unique needs. With about 18 000 experts, we aim to become a leading service integrator creating the best service experience in IT. www.tieto.com
SWIFT, Society for Worldwide Interbank Financial Telecommunication, is a member-owned cooperative that provides the communications platform, products and services to connect over 9,000 banking organizations, securities institutions and corporate customers in more than 209 countries. SWIFT enables its users to exchange automated, standardized financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest. www.swift.com
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