The awarded 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, 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.

Arun Aggarwal, Managing Director UKI-Nordics, SWIFT, says: "We congratulate Tieto on achieving the SWIFTReady Connectivity best practice label. It recognizes Tieto as one of the best in class shared infrastructure providers who offer the greatest security and resiliency for end-users connecting to SWIFT."

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. In addition to being a provider of SWIFT connectivity services, we are also a SWIFT user ourselves and understand that security, reliability and resiliency are important for users of such services. We are particularly pleased to be awarded with the label within only 12 months after the launch of the service. The label is an evidence of our high quality services."

The SWIFTReady Connectivity - Best practice Label is the highest form of certification awarded by SWIFT and helps end-users identify the best-in-class providers recognized as having the highest operational standards in availability, security, access control and resiliency. To be awarded the best practice label, providers must demonstrate that they meet the operational requirements by undergoing a detailed on-site inspection of their SWIFT infrastructure, premises, procedures and documentation.