Scandinavian IT services company TietoEnator is establishing a Banking Solutions unit servicing financial firms across Europe.
The Banking Solutions unit will employ 400 staff in Norway, Sweden, Finland, Latvia, Russia, Ukraine and the UK and provide core banking and e-banking, payments and card processing services to banking and insurance firms in these key markets.
Ståle Grønningsæter, manager of TietoEnator financial solutions business in Norway, has been promoted to head up the unit.
Jukka Rosenberg, president, TietoEnator banking and insurance, comments: "Our target is to become one of the global market leaders in these selected spearhead solution areas. The new unit will make us a strong competitor and a leading international player in the financial IT solutions market."