Level Four, the provider of open standards-based ATM software, today announced its partnership with TietoEnator Italia S.p.A., an established provider of IT services to deliver BRIDGE:test to financial institutions in Italy.
The partnership offers a best-of-breed ATM network testing solution which combines Level Four's advanced testing software with Tieto's IT consulting and implementation capabilities. The agreement provides Level Four with an additional route to market for BRIDGE:test in Italy and supports Tieto's commitment to expanding its offering for the financial services sector.
The need for improved ATM functionality and increased ATM reliability are key drivers for Italian financial institutions wanting to improve the overall potential of this channel. As such, banks in Italy are increasingly looking to renew their ATM networks and refresh their software. While this brings a number of competitive advantages, it also results in a more complex environment, where banks are forced to rethink their approach to ATM testing. Level Four's testing expertise together with Tieto's experience of delivering software and services to the local market will enable Italian financial institutions to successfully meet this challenge, gaining up to 80% cost and time savings in test cycles.
Maurizio Ciabattini, Sales Executive, Tieto, commented: "Building on our multi-channel heritage in cards and payments, we are now enriching our product offering with best-of-breed solutions for the financial services sector. The partnership combines Level Four's ATM testing experience, gained from its work with top tier global banks, with our understanding of the local market. As a result, we are well-placed to support Italian financial institutions in maximising the potential of their ATMs while fulfilling the testing requirements."
Ian Kerr, CEO, Level Four, said: "The Italian financial sector is witnessing major ATM network renewals. As part of this process, financial institutions face the need to build a more structured strategy to manage their ATMs and ensuring maximum uptime. The partnership with Tieto enables us to expand our footprint in Italy and to offer to these financial institutions an end-to-end testing solution that maximises their investments and ensures fast ROI. This is a crucial benefit given today's turbulent market, when IT budgets are increasingly tightening."