Tieto and Invoke partner up for regulatory reporting

Source: Tieto

Tieto has signed a partner agreement with Invoke, a market leading financial software provider, for delivering cutting-edge regulatory reporting solutions in the Nordic and Baltic regions.

The partnership brings together Tieto´s knowledge in providing services for banking and insurance sectors with the award winning solutions offered by Invoke.

- We are very pleased to announce the strategic partnership with Invoke. It adds an important component into our Risk & Compliance offering, strengthening our ability to provide the full value chain for our customers, enabling them to accelerate and renew their business, says Per Johanson, Executive Vice President, Financial Services at Tieto.

Regulatory reporting is a challenge for banks and insurance companies due to both increased numbers of reports as well as ever-changing regulatory demands from the authorities. To present validated and correct reports in due time in the right and updated format is mandatory and time consuming. With the futureproofed solutions from Tieto and Invoke customers can deliver accurate reports to authorities smoothly and thus utilize their resources more efficiently.

- By combining Tieto´s extensive experience and capabilities with our specialized range of tactical and strategic regulatory reporting software, we will be able to offer unique solutions to our customers. This will enable them not only to meet regulatory requirements and achieve compliance, but also to ensure data quality. The strategic partnership with Tieto will strengthen our position in the Nordic and Baltic markets, says Antoine Bourdais, Director of the Banking and Insurance Division at Invoke.

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