With the solution the bank is able to increase efficiency and quality of its card services. Furthermore, the new solution with chip application of issued cards and advanced fraud monitoring solution ensures high transaction security and minimizes cardholders’ risk of fraud. Kapitalbank stands out among local banks with advanced services like card to card transfers and SMS notifications about transactions offered to its cardholders.

Boris Maltsev, Plastic Card Department Director of Kapitalbank says: "After we have created a card processing centre for the bank, we will be technologically ready to develop a new product line. We plan to offer customer services which are innovative in Uzbekistan. When choosing the supplier, we emphasized high security. Tieto’s solution turned out to comprise to all our requirements. In-house processing allows the bank to develop new services independently and we are confident that Tieto specialists will help and support us in this process."

Maris Ozolins, Director of Cards, Financial Services, comments: "Kapitalbank is our third project in commercial operation in Uzbekistan. This shows an appreciation for our technological expertize and quality of implementation. We hope that on our technological platform will form the basis for the new national payment system of Uzbekistan."

Tieto Card Suite is a payment card solution for issuing, acquiring, switching, clearing, settlement and fraud management. The solution is used by banks and large payment card transaction processing centers in 30 countries worldwide. Card Suite customers have chosen Tieto for its capability to deliver innovative solutions with a solid return on investment.

Tieto is an IT service company providing IT, R&D and consulting services. With approximately 16 000 experts, we are among the leading IT service companies in Northern Europe and the global leader in selected segments.

Kapitalbank is one of the largest private commercial banks in Uzbekistan and is operating since April of 2001.By now Bank has 9 branches and more that 42 mini-banks in Tashkent, Samarkand, Termez, Nukus and Fergana. In the nearest future Bank plans to further expand its branch network in Bukhara, Namangan and Tashkent. Kapitalbank’s main strategic direction is the development of retail banking services while the number of corporate customers grow subsequently. Besides, mutual work with small and medium businesses has also started.