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Temenos signs partnership agreement with Tieto

GENEVA, Switzerland – 10 December 2015 – Temenos (SIX: TEMN), the market leading provider of mission-critical solutions to the financial services industry, today announces that it has signed a partnership agreement with Tieto to deliver core banking solutions to the Nordic and Baltic regions


The partnership brings together Tieto´s knowledge and experience in providing digitalization services for the banking sector with Temenos' market-leading core banking solution and global best practice processes. The T24 Model Bank solution for core banking combined with Tieto´s industry expertise and local presence will enable banks to simplify their operations and act rapidly on customer needs.

Digitalization has been a top priority for banks for many years with investments primarily targeting the front-end. The banks are now starting to invest more into core banking transformation to achieve the next level of customer experience and digitalization.

"We are pleased to announce the partnership with Temenos. It complements Tieto´s current offering and further strengthens our ability to provide the full value chain for our customers, enabling them to focus on their core business and become more competitive",

says Vahid Zohali, Vice President Banking at Tieto.

"We have seen enormous momentum in the Nordic market and partnering with Tieto as a local partner for this region is a natural step in securing our footprint in the Nordics and Baltics. By combining Tieto´s capabilities and extensive experience with our global leading software, we will further strengthen our Model Bank offering for the market",

says Steen Jensen, Head of Northern Europe at Temenos.


About Tieto

Tieto is the largest IT services company in the Nordics providing full lifecycle IT services. We also provide global product development services for companies in the communications and embedded technologies arena. Through industry insight, technology vision, and innovative thinking, Tieto proactively strives to inspire and engage our customers in finding new ways of accelerating their business.

Building on a strong Nordic heritage, Tieto combines global capabilities with local presence. Headquartered in Helsinki, Finland, Tieto has over 13 000 experts in more than 20 countries. Turnover is approximately €1.5 billion. Tieto's shares are listed on Nasdaq in Helsinki and Stockholm. www.tieto.com