Tieto’s Payment Solution Receives SWIFTReady Accreditation

Tieto has received the SWIFTReady Payments 2011 label for its payment solution that is a part of Tieto’s transaction banking services. These services support banks’ and their corporate and personal customers’ payments around the world. Tieto’s payment solution has been certified as SWIFTReady for over 10 consecutive years.

The SWIFT accreditation is for the highest operational standard regarding payments processing, which is an important part of the end-to-end payments processing chain in order to create a secure global channel for the interaction between financial institutions. The accreditation is proof of Tieto’s capability to provide solutions that comply with the SWIFT standards allowing initiation, generation, processing, and settlement of interbank payments.

Furthermore, recently Tieto’s messaging solution has received SWIFT connectivity qualification. This means that financial institutions have secure and reliable interface to various SWIFT messaging services that enable them to reach other financial institutions and clearing and settlement providers through various SWIFT protocols.

Dagfinn Loen, senior sales manager, Tieto financial services, said: “We are committed to implementing any relevant changes from SWIFT quickly and before they become mandatory. This enables Tieto’s customers to automate and standardise their financial transactions.”


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