HELSINKI; Aug. 31, 2009 — Accenture (NYSE: ACN) has signed a five-year application outsourcing contract with Luottokunta, Finland’s leading card payment service company, to develop, implement and maintain the business and Web applications that support Luottokunta’s services. Financial terms were not disclosed.
The agreement is designed to help Luottokunta increase cost efficiencies and improve customer service. Luottokunta expects to make its overall operation more flexible and scalable by consolidating its application development and maintenance needs with Accenture.
“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,” said Heikki Kapanen, Luottokunta’s CEO. “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 Seppälä, a senior executive in Accenture’s Financial Services group, 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.”
For more information, visit Accenture Financial Services Application Outsourcing.
Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. With approximately 177,000 people serving clients in more than 120 countries, the company generated net revenues of US$23.39 billion for the fiscal year ended Aug. 31, 2008. Its home page is www.accenture.com.
Luottokunta is a full-service card payment company whose core services comprise card issuing, the management of more than 60 different card schemes, and acquiring and payment transaction processing services. Luottokunta offers Visa and Business Eurocard payment solutions, as well as interbank, voucher and payment terminal services. In 2008, total sales generated by cards included in Luottokunta’s Visa and MasterCard schemes reached €15.3 billion. At the end of 2008, the company employed 450 people.
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