Tieto has provided Pasha Bank in Azerbaijan with a total package for establishing the bank's card business operations.
Implementing Tieto's Card Suite issuing solution will enable the bank to increase the number and quality of payment products and services it offers to its clients.
PASHA Bank is a modern, innovative financial institution in Azerbaijan that focuses on the commercial and corporate sectors and affluent private clients. The banking business is growing rapidly in the country and PASHA Bank aims to enter the card business with the help of an innovative, flexible platform on which they can build and continuously enhance their payment card product portfolio.
Tieto delivered and installed its own and third party software and integrated the solution with the AzeriCard processing centre in Azerbaijan, to ensure that the acquiring and processing of the cards issued by PASHA Bank function properly. Tieto also supplied the hardware platform, and the full integration project was completed in six months. Co-operation with Tieto allowed PASHA Bank to concentrate on the business issues and leave the IT integration to Tieto, resulting in more effective use of resources and a faster time-to-market.
"Tieto showed that it has experience in carrying out full integration projects. It installed not only the Card Suite but also third party software and the hardware platform, and managed the overall project extremely well," says Emil Hajiyev, Director of the Operations Department at PASHA Bank and in charge of the project for the bank. "We would particularly mention the commitment shown by the Tieto team during the implementation phase, in both on-site and remote work. We were also impressed by the high quality, efficient project management and the on-time completion," he adds.
Maris Ozolins, Director of Cards, Tieto Financial Services says: "From our experience of the software and in providing IT service, we are confident that this co-operation with Tieto will assist PASHA Bank in achieving its very ambitious targets. The Card Suite forms a firm basis for expanding the bank's services and offering its customers superior service."
Tieto Card Suite is a payment card solution for issuing, acquiring, switching, clearing, settlement and fraud management. It is used by banks and large payment card transaction processing centers in 30 countries worldwide. Card Suite customers have chosen Tieto for its capability to deliver innovative solutions with a solid return on investment.