Hi-tech partnership provides Metso with innovative connectivity to banks
Streamlining and standardisation of financial processes by moving to Tieto SWIFT Service Bureau
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“We decided to connect to our banks via SWIFT, but knew that implementing a SWIFT connectivity infrastructure was not going to be something we would be willing to invest in. So we decided to connect to SWIFT via Tieto Service Bureau.”
- Kenneth Westerberg, Vice President, Corporate Cash Management, Metso
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Access to over 8500 banks across the world. Source: Tieto
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Challenge
- An improved and innovative bank connectivity solution was required.
- Metso wanted to implement a SWIFT connectivity, without investing in the infrastructure.
Solution
- Tieto SWIFT Service Bureau – an advanced bank connectivity service that provides Metso with access to more than 8 500 banks around the world.
- The service can be used for payments, securities, trade finance and other financial messaging.
Results
- Greater flexibility, and extends the shared financial services concept to Europe.
- Helped in gaining increased visibility of daily cash flow.
- Lower costs, greater security and improved operational risk management.
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- A global supplier of sustainable technology and services.
- Services for mining, construction, power, paper and other industries.
- About 29,000 employees in more than 50 countries.
Want to know more?
Contact Markus Hautala
+358 40 182 4299
markus.hautala@tieto.com
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