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Tietoevry

“Can a Nordic IT incumbent become the dominant white-label banking and payments infrastructure layer for European financial institutions?”

Founded2019
HQHelsinki, Finland
IndustryInfrastructure / BaaS
The story

Tietoevry was formed in 2019 through the merger of Tieto (Finland) and Evry (Norway), combining decades of Nordic banking IT expertise. The company has evolved from a traditional IT services provider into a financial technology infrastructure vendor, offering banks card issuing, acquiring processing, payment hubs, open banking APIs, and Banking as a Service. Its embedded finance push accelerated from 2021 onward, positioning Tietoevry as the white-label technology layer behind Nordic and European banks rather than a bank itself.

Last 12 months
—
Product timeline
2019
Formed through merger of Finnish IT company Tieto and Norwegian IT company Evry, creating a Nordic IT services and financial technology powerhouse.· pivot
2021
Rebranded from TietoEVRY to Tietoevry; launched Insurance-in-a-Box platform enabling insurers to launch products in under two months.· banking
2022
Launched Tietoevry Payment Hub (TPH), a unified composable platform covering full payment value chain including SEPA, Target2, P27, and Instant Payments.· banking
2023
Expanded Embedded Finance API offering enabling banks to integrate financial services into third-party platforms via APIs.· banking
2024
Launched BIX Compliance Gateway for compliant e-invoicing and e-reporting across multiple European jurisdictions.· banking
The stack
5 layers disclosed in Tietoevry’s embedded-finance stack
Payments / PSP
Tietoevry E-Commerce Payment Gateway (EGW) (self-operated)Tietoevry Card Acquiring Processing (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Accounting gap: minor
9 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Tietoevry — frequently asked

What bank does Tietoevry use?

Tietoevry discloses Tietoevry Banking (self-operated) as its banking provider, according to the Embedded Finance Index 2026.

Is Tietoevry a bank?

Tietoevry does not disclose a bank charter of its own; its banking services are provided through Tietoevry Banking (self-operated).

Who is Tietoevry's payment processor?

Tietoevry processes payments through Tietoevry E-Commerce Payment Gateway (EGW) (self-operated) and Tietoevry Card Acquiring Processing (self-operated). Disclosed money-movement rails: SWIFT and SEPA.

Who issues Tietoevry's cards?

Tietoevry's cards are issued through Tietoevry Card Issuing Platform (self-operated).

What is Tietoevry's embedded finance stack?

The Embedded Finance Index 2026 maps 5 layers in Tietoevry's stack: Payments / PSP (Tietoevry E-Commerce Payment Gateway (EGW) (self-operated) and Tietoevry Card Acquiring Processing (self-operated)); Money movement (SWIFT and SEPA); Banking / BaaS (Tietoevry Banking (self-operated)); Card issuing (Tietoevry Card Issuing Platform (self-operated)); Lending (Corporate Lending Platform (term loans, revolving credits, bank guarantees, syndications), Factoring Platform (recourse/non-recourse, invoice financing), BNPL installment solution, Agriculture loans and 1 other).

Where is Tietoevry headquartered?

Tietoevry is founded in 2019 and headquartered in Helsinki, Finland.

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