The solution will be integrated with Swedbank’s SWIFTNet connectivity solution for FileAct, which is also provided by TietoEnator. This is the first component of TietoEnator’s new payments framework that also includes Single Euro Payments Area (SEPA) direct debits processing capabilities.

Elisabeth Johnson, head of clearing and settlement at Swedbank, said: When looking for a SEPA solution, it was important for the bank to identify a solution that could be used for the entire bank group, and not only for our head quarter operations in Sweden and that enabled us to pro-actively respond to market requirements.

Patricia Pittomvils, vice president of offering management at TietoEnator, said: We are pleased to expand the cooperation with Swedbank in the payments and messaging area and delighted that Swedbank has chosen TietoEnator to respond to their SEPA requirements. We look forward to continuing our constructive cooperation with Swedbank.