T

Tieto

Industry-specific software, cloud and AI

Solution Consultant/Business Analyst - Tieto Banktech, m/f/d

Full-Time
No salary listed
Mid, Senior
Pune, Maharashtra, India
Hybrid
Customer Experience & SupportCustomer Support

About the job

Requirements
  • Four to nine years of experience in the information technology or support industry as a Java techno-functional Solution Consultant.
  • Previous experience as a techno-functional Business Analyst or Solution Consultant in the financial sector, supporting business analysis or consulting related to global payments and cash management.
  • Fluent English proficiency in speaking and writing.
  • Mandatory experience with global payments, cash management, and core banking.
  • Basic to intermediate understanding of Java technologies, including Core Java, Spring Model-View-Controller, Spring Boot, Angular, and RESTful web services.
  • Knowledge of Oracle, IBM MQ, and WebSphere Application Server.
  • Familiarity with application servers such as WebSphere and JBoss.
  • Awareness of cloud platforms including Amazon Web Services or Google Cloud Platform.
  • Understanding of databases such as Oracle and DB2 or SQL.
  • Exposure to Jira, Jira Service Management, and ServiceNow.
  • Familiarity with continuous integration and continuous delivery tools such as Maven and Jenkins.
  • Ability to work independently and take responsibility and ownership of problems and assigned activities.
Responsibilities
  • Provide application support and maintenance for Global Payment and Cash Management products used by global banks.
  • Work closely with customers to analyze reported defects, incidents, and requests for change.
  • Interact daily with customer business and technical experts, service managers, information technology teams, and subject matter experts to understand needs and provide suitable solutions.
  • Perform defect analysis during implementation, incident and problem management during maintenance, root cause analysis, and preventive actions.
  • Build professional customer relationships and support customer service-level agreements.
  • Bring business and domain knowledge to teams developing future Cash Management and Global Payment solutions.
  • Support and participate in testing customer defects as needed.
  • Act as the first escalation point for operational issues as an L2 support member.
  • Perform technical and functional analysis of production incidents, problem tickets, and test defects.
  • Develop monitoring and alerting strategies, configure health dashboards, and provide insights for software-as-a-service customers with internal product-team input.
  • Provide workarounds for major incidents requiring Java technical expertise.
  • Participate in customer bridge calls to provide functional and technical solutions.
  • Run information technology or business-oriented change projects and contribute to Customer Success activities.
Desired Qualifications
  • Experience with direct debits, direct credits, payments, virtual accounts, cash management solutions, account solutions, multi-bank payments, and International Organization for Standardization-based payments.
  • Information Technology Infrastructure Library certification or knowledge of Information Technology Infrastructure Library processes.
  • Prior application production support experience.

About the company

Tieto provides mission-critical software and consulting services for various industries, organized into vertical software families: Tieto Caretech (care and health tech), Tieto Banktech (banking tech), Tieto Indtech (industrial tech) plus Tieto Tech Consulting. It helps customers run and improve their operations by delivering industry-specific software platforms, cloud services, data analytics and AI-powered solutions, complemented by design and software engineering expertise. Unlike more generic IT firms, Tieto focuses on deep, sector-specific capabilities and combines software products with consulting to support digital transformations. Its goal is to help customers succeed and innovate with the latest technology by making complex systems work together reliably and efficiently, backed by a team of about 13,000 specialists and EUR 2 billion in annual revenue.

Company Size

5,001-10,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Helsinki, Finland

Founded

1968

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Simplify's Take

What believers are saying

  • Q1 2026 adjusted EBITA margin rose to 14.7%, up 4.1 points year over year.
  • Order backlog increased 8% and full-year 2026 outlook stayed unchanged.
  • Leverage fell to 1.3x after BEKK divestment, enabling buybacks and investment.

What critics are saying

  • Tech Consulting revenue fell 7% in Q1 2026, exposing weak discretionary demand.
  • Tieto cut up to 500 employees after 800 Q1 reductions, signaling continued erosion.
  • OpenSpring, Orange Business, and Microsoft partnerships intensify commoditization and margin pressure.

What makes Tieto unique

  • Tieto Banktech and Caretech sell mission-critical Nordic vertical software, not generic IT labor.
  • 2026 strategy targets European software leadership in selected industries with >5% CAGR.
  • Banktech’s regulated banking platform deepens switching costs through core payments and lending systems.

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Benefits

Flexible Work Hours

Company News

Yahoo Finance
Apr 30th, 2026
Tieto Oyj reports $119M cost savings amid 3% revenue decline and 800 job cuts

Tieto Oyj reported Q1 2026 results showing a 3% revenue decline driven by legacy contract runoffs in Banktech and Caretech, though adjusted EBITA margin improved over 4 percentage points year-over-year to 14.7%. The Finnish IT services company's order backlog grew 8% year-over-year, whilst operating cash flow rose 9% on a comparable basis. The company achieved €105 million in run rate savings from its cost optimisation programme, targeting €130 million by year-end 2026. However, weak demand in Tech Consulting and geopolitical uncertainties impacted performance, prompting Tieto to announce an additional 500 employee reduction. Banktech profitability improved to 17.3% with underlying growth around 3%, whilst Caretech achieved a 26% margin. Leverage improved to 1.3x following the completion of the Bekk Consulting divestment, which contributed €147 million to free cash flow.