Tieto has signed a partner agreement with Invoke, a market leading financial software provider, for delivering cutting-edge regulatory reporting solutions in the Nordic and Baltic regions. The partnership brings together Tieto ́s knowledge in providing services for banking and insurance sectors with the award winning solutions offered by Invoke.
"We are very pleased to announce the strategic partnership with Invoke. It adds an important component into our Risk & Compliance offering, strengthening our ability to provide the full value chain for our customers, enabling them to accelerate and renew their business", says Per Johanson, Executive Vice President, Financial Services at Tieto.
Regulatory reporting is a challenge for banks and insurance companies due to both increased numbers of reports as well as ever-changing regulatory demands from the authorities. To present validated and correct reports in due time in the right and updated format is mandatory and time consuming. With the futureproofed solutions from Tieto and Invoke customers can deliver accurate reports to authorities smoothly and thus utilize their resources more efficiently.
"By combining Tieto ́s extensive experience and capabilities with our specialized range of tactical and strategic regulatory reporting software, we will be able to offer unique solutions to our customers. This will enable them not only to meet regulatory requirements and achieve compliance, but also to ensure data quality. The strategic partnership with Tieto will strengthen our position in the Nordic and Baltic markets", says Antoine Bourdais, Director of the Banking and Insurance Division at Invoke.
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com
With offices in London, Paris and Luxembourg, Invoke is the trusted regulatory technology partner to supervisory bodies worldwide, as well as to firms in the financial services sector who fall under the scope of complex regulatory imperatives such as CRD IV and Solvency II. Incorporating next-generation XBRL technology, advanced data-governance, collaborative workflow and disclosure management features, Invoke regulatory software solutions associate a decade of technical expertise with extensive domain knowledge. Invoke regulatory reporting solutions have already been successfully implemented in no less than 26 countries throughout Europe.