Tieto’s service for the financial and corporate market has received the SWIFTReady Connectivity best practice label from the global messaging cooperative SWIFT. The Tieto SWIFT Service Bureau is part of the company’s financial value chain services that manages close to one billion transactions a year. Providers with the highest operational standards in availability, security, access control and resiliency are awarded with the label.
The Tieto SWIFT Service Bureau allows corporations and financial institutions to communicate with their financial institution counterparties through one highly secure global channel. The service covers all the operational SWIFT connectivity needs for corporations and financial institutions – payments, foreign exchange (FX) confirmations and trade finance, as well as other messaging.
Acquiring the functionality as a service provides numerous additional business benefits, such as a decreased need for in-house IT infrastructure, technical competences and capital investment.
Arun Aggarwal, managing director UKI-Nordics, SWIFT, said: “We congratulate Tieto on achieving the SWIFTReady Connectivity best practice label. It recognises Tieto as one of the best in class shared infrastructure providers who offer the greatest security and resiliency for end-users connecting to SWIFT.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.