Tieto and Sparbanken Syd sign outsourcing agreement for securities business

Source: Tieto

Tieto has signed an agreement with Sparbanken Syd for the bank’s securities business. The agreement is valid for five years and covers IT systems, operations and back office services.

The new solutions support the entire process from order to settlement of securities, enabling Sparbanken Syd to provide future-oriented funds and securities offerings while ensuring cost-efficient and secure operations to its customers.

Tieto will take full responsibility for the systems, operations and administration of Sparbanken Syd´s securities management (Software as a Service) and the back office services (Business Process Outsourcing).

- We are very confident with the choice of Tieto, as they have a deep knowledge and long-term experience in IT securities business including back office services. With the new solutions we will be able to focus on our core business within the securities area, says Hans Nelfelt, Sparbanken Syd.

- We are very proud to have been selected by Sparbanken Syd. The fact that we are taking full responsibility for the bank’s administrative services, including system support and process management, confirms our role as long term partner to customers who want to renew their business, says Vahid Zohali, Vice President Banking sector, Tieto.

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