Tietoevry now offers payments business operations on Amazon Web Services (AWS) public cloud. Banks and financial institutions now can leap forward in their business evolution.
12 August 2022
The global pandemic and other threats around the world have accelerated the adoption of the cloud environment, and subsequently, the transition from legacy software. Being cloud ready, is no longer a “something for the future” discussion. It has become a must-do step for businesses to effectively handle contingency risks and business continuity, while supporting fast scale-up, pay-as-you-use, and faster time to market for innovative new customer services. Or more precisely, it can serve as the core of the entire payments innovation value proposition.
Tietoevry’s Software-as-a-Service (SaaS) licensing and distribution model includes hosting and management of software applications on AWS. Tietoevry handles it all: the setup, hosting, maintenance, upgrades, and anything else necessary to effectively provide customers with the optimal financial services software solutions. By trusting Tietoevry to manage applications, customers can now focus their resources on innovation and growth.
Partnering with an experienced partner like Tietoevry offers banks many benefits. Large banks get a partner with best-in-class, out-of-the-box capabilities. These are built on modern technology that enable the delivery of new innovative services. Smaller banks, non-banking financial institutions and fintechs benefit from partnering with a full-service provider who can run key parts of the product offering – so they can focus on the business.
There is no doubt that the demand for cloud-based solutions has grown exponentially over recent years. As a frontrunner among financial industry payment solution vendors, Tietoevry has increased its scope and now offers the following payment solutions in public clouds.
Virtual Account Management – a cutting edge software solution that enables banks and other financial institutions to deliver innovative cash management services to corporate clients.
Cards and financial products – a modern card management system with issuing and acquiring, switching, and clearing solutions. It’s a high performance, scalable platform with modern security.
Payment Hub – a flexible payment hub providing end-to-end payment processing for various payment schemes, e.g., international, SEPA and domestic payments, with full support for new instant payment schemes.
The rise of as-a-service business models create new opportunities for financial institutions. In what is now a well-established platform for the financial industry, moving services to the cloud has become the norm for fostering exponential growth and accessing tools to master continuous innovation.
In the cloud environment, you have the tools to integrate and orchestrate new services based on Tietoevry’s advanced payments technology. This is fundamental to delivering customer-centric experiences and new services through market-place collaboration with big tech, corporates, fintechs and retailers.
As-a-service enables you to focus on value-added services to the customers while optimizing your current operational efficiencies via cloud-native technologies. This increases your velocity as well as supporting fast-to-market launches through cloud-based sandboxes and proof of concepts.
For further information, please contact:
David Park, Tietoevry Payments, Head of Technology: david.park (at) tietoevry.com
Read more Tietoevry Payments!
Tietoevry creates purposeful technology that reinvents the world for good. We are a leading technology company with a strong Nordic heritage and global capabilities. Based on our core values of openness, trust, and diversity, we work with our customers to develop digital futures where businesses, societies, and humanity thrive.
Our 24 000 experts globally specialize in cloud, data, and software, serving thousands of enterprises and public sector customers in more than 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and the company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com