Aconite, a leading provider of software and consulting services for managing business applications on chips in smart cards, tokens or mobiles, today announced that Luottokunta has selected the Aconite Affina Enterprise smart product management system to support a major increase in its smart card personalisation, issuance and management business.
Luottokunta is one of the leading card payment service providers in Nordic countries, serving banking, merchant and corporate customers.
Luottokunta's strategy is to be "the best partner in card payments in the Baltic Rim". In implementing that strategy, Luottokunta has relied upon the Aconite Affina Enterprise system for many years. Consequently, when Luottokunta needed to scale up its processing capability by a factor of four to meet increased business demand in the Nordic region, the company was well aware of Aconite's abilities. EVP Mikko Pilkama of Luottokunta commented: "Based on our long standing relationship, we were fully confident that Aconite's software solution, combined with their deep smart card expertise and vision, would enable us to meet our smart card issuance needs both now and in the future".
Patrick Regester, EVP Sales and Marketing at Aconite, said "I am very pleased and proud that Luottokunta has decided to extend its use of Aconite Affina Enterprise to support this significant expansion of its business. Aconite Affina Enterprise's proven ability to issue and manage portfolios of millions of cards and support multiple issuers makes it a safe choice for trusted service providers like Luottokunta. Moreover, as well as smart cards, the product supports business applications on smart tokens and smart phones, which is important with the growth of mobile services."
Luottokunta will be extending its operation by linking its existing Aconite Affina Enterprise implementation in Finland to multiple sites in the 3 other Nordic countries (Denmark, Norway and Sweden). Currently, having completed an in-depth study of the business requirements, the service provider is engaged in implementing the service in Finland. The Finnish service aims to go live in November 2010 with the others following in 2011 and 2012.