Wednesday, August 31, 2011

Progress in the payments area

This 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, Forex confirmations, 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.

Markus Hautala, Head of Financial Messaging Services, Tieto, says: "We are seeing significant interest within the financial as well as corporate sectors to move to centralized cloud based services.


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