BEC partners with Tieto Banktech for cash management solution

By Vriti Gothi

Danish core banking provider BEC Financial Technologies has partnered with Tieto Banktech to roll out a cloud-based cash management solution aimed at strengthening corporate banking capabilities across its member banks.

The collaboration reflects a broader push among European banking technology providers to modernise business banking infrastructure, particularly in areas such as liquidity management and real-time financial visibility for large corporates.

Under the agreement, BEC will integrate Tieto Banktech’s cash management platform into its existing banking ecosystem, enabling corporate clients to gain real-time visibility across accounts, legal entities, and currencies. The solution includes features such as cash pooling and multi-currency credit facilities, designed to reduce manual processes and improve liquidity utilisation.

“Business banking is a strategic focus area where BEC is now making substantial investments, and cash management is a key capability for the largest businesses,” said Lars Malmberg, Deputy CEO of BEC Financial Technologies. “This agreement will give BEC banks access to a best-in-class solution that will be fully integrated into our complete banking IT platform.”

The platform is built on established Nordic banking practices and delivered through a cloud-based architecture, allowing tighter integration with banks’ channels, data layers, and operational workflows. For corporate users, the shift is expected to enhance self-service capabilities and streamline treasury operations.

Mario Blazevic, Managing Director of Tieto Banktech, said the partnership aims to deliver a scalable and secure solution suited to modern banking environments. “By combining BEC’s deep expertise of Danish banking with Tieto Banktech’s experience in technology for global banks, we aim to set a new benchmark for cash management capabilities in Denmark,” he said.

The implementation will begin with Nykredit as a pilot customer, before being extended to other BEC-affiliated banks serving larger corporate clients. The rollout will follow a phased approach, initially focusing on core liquidity management functions, with additional capabilities to be introduced over time.

The initiative forms part of BEC’s broader strategy to act as a FinTech integrator, shifting away from in-house development towards the adoption of third-party technologies. This model is intended to accelerate innovation cycles while maintaining compliance, security, and operational stability.

BEC has pursued similar partnerships across its platform, including collaborations with Salesforce, Databricks, London Stock Exchange Group, S&P Global, and SAS Institute.