Case Study: a leading banking group reduces card processing costs and scales growth with Tieto Banktech

A Leading Banking Group reduces maintenance and operating costs with Tieto

A leading banking group faced the challenge of modernizing its web of 20-year-old legacy card issuing and payment processing systems, which resulted in high operational costs and hindered its international growth and consolidation efforts. To address this, they partnered with vendor Tieto, specifically its Tieto Banktech division, to implement a new card and payment processing platform.

Tieto provided a single, scalable platform that consolidated services and integrated with existing systems. The solution resulted in a significant reduction in maintenance and operating costs for the bank and enabled faster testing and launch of new services. The platform successfully supports the bank's continued expansion by allowing new acquisitions to be transitioned onto it.