Tieto and Lowell strengthen partnership to develop the collections market

Tieto credit solutions and credit management giant Lowell will strengthen their relationship with the launch of a joint digital offering for the collections market. The new collaboration will aim to simplify the collections process while greatly advancing technology in areas such as benchmarking and analytics.

The new offering will allow banks and financial institutions to provide stronger end-to-end credit solutions. This will put these companies at the forefront of innovation and analysis to improve business decision making. They will be able to create more convenient services for their end customers, giving them greater access to their own data, with documents and systems becoming more compatible.

Erika Rönnquist Hoh, MD Lowell Sweden says: “The importance of data and analytics is continuously growing in decision making. The strategic partnership between Tieto and Lowell places us in the position where our clients need us to be - as a proactive provider of insights and credit servicing. Not only to provide world class service but to be the driver of delivering innovative products within credit origination and portfolio management"

Pedram Tadayon, VP Financial Services at Tieto says: “We see huge potential in our collaboration with Lowell. By connecting our expertise, systems and data we can create better credit products for businesses and their customers. A tighter partnership will help both Tieto and Lowell grow the market and increase market share.”  

About Lowell

Lowell Sweden is part of Lowell Group, one of Europe’s largest credit management companies with a mission to make credit work better for all. They operate in nine countries with 4,400 employees. Lowell’s unparalleled combination of data analytics insight and robust risk management provides clients with expert solutions in debt purchasing, third party collections and business process outsourcing. With their ethical approach to debt management, Lowell always looks for the most appropriate, sustainable and fair outcome for each customer’s specific circumstances. Lowell was formed in 2015 and is backed by global private equity firm Permira and Ontario Teachers’ Pension Plan. www.lowellgroup.com

About Tieto

Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com