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August 30, 2009

Accenture Signs Application Outsourcing Contract With Luottokunta

To increase cost efficiencies and improve customer service

By CBR Staff Writer

Accenture has signed a five-year application outsourcing contract with Luottokunta, a Finland-based card payment service company, to develop, implement and maintain the latter’s business and web applications. Financial terms of the deal were not disclosed.

Luottokunta expects to make its overall operation flexible and scalable by consolidating its application development and maintenance needs with Accenture.

Heikki Kapanen, CEO of Luottokunta, said: Accenture’s proven record in application development and maintenance and IT transformation combined with its global industry expertise in banking makes it an ideal and reliable business partner. While Accenture delivers world-class application support for operations, we can stay focused on building and expanding our core competency and competitive positioning within the ever evolving credit services market.

Ari Seppala, a senior executive of financial services group at Accenture, said: “Process and technology complexities are often the main reasons that IT organizations come up short in supporting their companies’ overall business strategies. By teaming with a third party for application development and maintenance, financial institutions can create a simpler, more agile IT function that drives growth and innovation – both domestically and abroad.

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