Modernise Your Card Business
Tieto Banktech offers Danish banks a proven, modern card issuing platform – built in the Nordics, trusted by banks across Europe, and designed to eliminate legacy infrastructure costs while delivering new card products faster.
Cards now
The state of card issuing in Denmark today
Denmark is one of Europe's most cashless economies. That creates both a significant opportunity and a significant obligation for the banks that underpin it.
Denmark's payment infrastructure carries real economic weight. Cards, Dankort, Visa, Mastercard, and increasingly digital wallets such as MobilePay and Apple Pay, are the standard way Danes pay. The banks issuing and managing these products are running essential infrastructure, not a peripheral service.
At the same time, the Danish banking market is consolidating. Mergers continue to reshape the landscape, with projections suggesting the number of active banks could fall to roughly a third of the current level by 2035. That trajectory puts pressure on every bank to operate more efficiently and to extract more value from the infrastructure it already has.
The card business sits at the intersection of both forces — high volume, high stakes, and constant pressure to do more with less. The question is no longer whether to modernise card operations, but how to do it without disruption.
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What would your card business look like when the infrastructure gets out of the way?
If your bank is looking to modernise its card issuing and reduce the cost and complexity of running cards, please contact: Nikolai Kjaersgaard Andersen at Tieto Banktech to arrange a consultation.
Challenges & opportunities in cards
THE CHALENGES
PCI DSS compliance: €2–7M per bank group, per year
Scheme updates take too long on legacy platforms
Multi-vendor complexity across shared data centres
Rising fraud, rising compliance demands
THE OPPORTUNITIES
One platform. Every card function.
A modular, cloud-native card issuing platform replaces the fragmented stack with a single integration. Full CaaS outsourcing or specific components — card management, fraud monitoring, BPO. Banks choose the architecture that fits.
Dankort + international scheme, already in production
Co-badged card management — domestic scheme combined with Visa or Mastercard — is already running in production in Norway. The same proven capability transfers directly to Dankort co-badging requirements in Denmark.
Nine portfolios, one contract, one interface
Multiple card portfolios across different markets managed for one bank group through a single administration tool and a single contract. That is what cooperative banking complexity looks like in practice — and what a multi-tenant platform was specifically designed to handle.
Card issuing that keeps your bank ahead
Banks today must balance delivering innovative services with managing costs, compliance, and operational risk. Our Nordic-built card issuing platform is designed to support this balance by enabling you to modernise your card portfolio, simplify your technology landscape, and respond more quickly to evolving customer expectations and regulatory demands. It delivers this through three core capabilities: faster speed to market and enhanced customer experience, built-in compliance and risk control, and a modular platform that supports sustainable card solutions.
Contact us
What would your card business look like when the infrastructure gets out of the way?
If your bank is looking to modernise its card issuing and reduce the cost and complexity of running cards, please contact: Nikolai Kjaersgaard Andersen at Tieto Banktech to arrange a consultation.
Cards in the Nordics | Insights
As costs and competition rise, Nordic banks must modernise at pace
Drive faster innovation with flexible card platforms that help banks modernise at scale — without disrupting performance or compliance.
How Nordic Banks Can Cut the Cost of Compliance and Keep Cards Safe
Turn regulatory pressure into opportunity. Discover smarter ways to reduce compliance costs while strengthening your bank’s risk resilience.
How Denmark’s most famous product is helping Nordic banks deliver
Danish banks are proving it — modular, “Cards‑as‑a‑Service” design lets you build new card products like LEGO bricks, with speed and control.
Cultura Bank selects Tieto Banktech in strategic 5-year technology partnership
Cultura Bank enters a 5‑year strategic partnership with Tieto Banktech to modernise its core banking platform, including mobile and online banking, cards, payments and financial crime prevention.
Tietoevry Banking and Bank Norwegian extend strategic partnership for five more years
Bank Norwegian renews its long‑standing partnership with Tietoevry Banking for five more years, relying on advanced card and fraud prevention solutions to support 1.4 million credit card customers.
Our new name honours our Nordic roots, but our focus extends far beyond. Tieto means knowledge. We turn that knowledge into results that matter.
