“If you are a European financial institution that prioritizes automation capabilities in their Payment Hub solution, Tietoevry must be on your shortlist of partners” – according to Omdia Report.
26 January 2022
Tietoevry has been named a Challenger in the Omdia Universe report for Payment Hub Platforms 2021-22, along with other leading providers. The report, which describes payments as “the key to unlocking new value-add services for banks,” recognizes the Tietoevry Payment Hub solution as a versatile platform, with great functionality and modern technology that offers high configurability and automation capabilities.
The Omdia Universe report focuses on the high-level capabilities expected from a payment hub product and discusses the vendor marketplace, highlighting which vendors are suited for varying requirements. Omdia defines a payment hub as a payments solution that can be deployed as a standalone platform —irrespective of whether it is part of a wider product suite — that enables financial institutions to process multiple payment types and centrally manage the orchestration process.
"We are proud to be ranked so prominently among other leading payment hub providers, by Omdia,“ says Ilkka Korkiakoski, Head of Payments at Tietoevry”. This recognition underlines our commitment to delivering robust solutions with advanced automation capabilities that leverage modern technology. Through this, we deliver unrivalled operational efficiencies and tools that enable our global customer base to easily adapt to markets changes and thrive in what is a highly competitive business environment."
Philip Benton, Senior Analyst, Financial Services Technology at Omdia says: "Tietoevry achieved Challenger status, with its payment hub solution being a versatile solution that is highly configurable thanks to a large development team dedicated to enhancing product performance. The vendor is particularly suitable for large European financial institutions with its product roadmap and strategy incorporating emerging trends and technologies such as request-to-pay, real-time cross-border payments, and central bank digital currencies."
The Omida report, which was published in October 2021, includes a number of highlights related to TietoEvry. These include:
• A full-service supplier with complementary solutions to the payment hub including virtual accounts, open banking, instant payments, card, and financial product issuing, acquiring, switching, and clearing.
• A high score for its strategy and roadmap which sees Tietoevry as an active participant in P27—the world’s first real-time cross-border payment rail, and the company’s involvement in the Swedish Central Bank’s e-krona Central Bank Digital Currency pilot.
Additional highlights that relate specifically to the Tietoevry Hub include its support for the full payment value chain – from payment initiation to payment execution and messaging, through the various financial networks.
Tietoevry Payment Hub is part of Tietoevry Banking, the leading financial services software and solution partner in the Nordics. Customers get access to a modular, pre-integrated banking-as-a-service solution, as well as market leading software for core, payments, credit, cards, financial fraud and wealth.
With unmatched scale, expertise and specialization, Tietoevry Banking drives the industry forward by enabling financial institutions to become more agile and efficient, accelerating their digital transformation journey.
Please contact us via financial.services@tietoevry.com to receive the full report or if you want to know more about the Tietoevry Payment Hub.
Learn more about Payment Hub.
About Omdia
Omdia is a leading research and advisory group focused on the technology industry. With clients operating in over 120 countries, Omdia provides market-critical data, analysis, advice, and custom consulting.
Omdia was formed in 2020 following the merger of IHS Markit, Tractica, Ovum and Heavy Reading. Sitting at the heart of the Informa Tech portfolio, Omdia reaches over four million technology decision makers, influencers and practitioners that form part of the wider Informa Tech community and has specialist research practices focusing on Enterprise IT, AI, Internet of Things, Communications Service Providers, Cybersecurity, Components & Devices, Media & Entertainment and Government & Manufacturing.
For more information about Omdia, please visit www.omdia.com
About Tietoevry
Tietoevry creates purposeful technology that reinvents the world for good. We are a leading technology company with a strong Nordic heritage and global capabilities. Based on our core values of openness, trust and diversity, we work with our customers to develop digital futures where businesses, societies, and humanity thrive.
Our 24,000 experts globally specialize in cloud, data, and software, serving thousands of enterprise and public-sector customers in more than 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and the company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com