Remium outsources securities management system to Tieto

Source: Tieto

Improved risk management, better cost control and greater focus on the core business - that's what made stockbroker Remium select Tieto's comprehensive service for securities management.

The agreement will run for three years.

"With Tieto's in-depth knowledge and experience of the capital market, we'll feel secure about putting our focus on developing what we're best at - our customers' business. Tieto is now taking over responsibility for running and refining the securities platform, which forms an important part of our business," says Mattias Malmström, CEO of Remium.

In 2012 Tieto has witnessed a strong trend in the Nordic capital market, with increasing numbers of customers switching from purchasing IT systems to selecting partners who take greater overall responsibility for business support systems and processes.

"Increasing numbers of companies in the banking and finance sector are becoming aware of the benefits of outsourcing non-core business, the aim being to make operations more efficient and generate new business opportunities. We're delighted that Remium has chosen us as its partner for when it continues to develop its business," says Alexandra Fürst, Vice President, Head of Financial Services at Tieto Sweden.

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