Tieto and ICA Banken sign outsourcing agreement for securities business

Source: Tieto

Tieto has signed a five-year outsourcing agreement with ICA Banken for operations, system and back office services for the bank’s securities business.

The new solution supports the entire process from order to settlement of securities.

The agreement means that Tieto takes full responsibility for the systems, operations and administration of ICA Banken´s securities management (Software as a Service) and the back office services (Business Process Outsourcing).

- We are very proud to have been selected by ICA Banken. The fact that we are taking full responsibility for the bank’s administrative services, including system support and process management, confirms our role as a long-term partner for our customers within the bank and finance industry, says Vahid Zohali, Vice President Banking sector, Tieto.

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