London, England, 9th January 2006 –
Finantix, the leading vendor of
process-oriented, client-centric and
sales-driven components for financial
services organisations, is pleased to
announce that FirstRand (South Africa) has
adopted Finantix Components for a branch
renewal programme including teller
replacement..
After a rigorous selection process, First
National Bank (FNB), a division of FirstRand,
chose Finantix as the solution partner for a
strategic branch renewal programme across
more than 600 branches in South Africa.
Finantix software will help the FNB redesign
and streamline teller activities and
transform its branches into customer-centric
sales and service centres.
FNB’s OS/2-based teller technology is to be
replaced by Finantix’ state-of-the-art J2EE
solution and framework which will operate in
tight integration with the Bank’s legacy
services. Finantix Components run on a
thin-client infrastructure: this will
greatly reduce costs and overheads
associated with traditional teller
environments, whilst enabling the Bank to
timely deliver new services as required by
its business strategy or customer demand.
Proactive client management will be a key
focus of the programme. The branch solution
will dynamically provide a comprehensive
single view of the Bank’s customers and will
leverage this information in order to
support focused selling activities and to
accelerate the processing of transactions
and service requests.
FNB also has the option to adopt the
Finantix Studio development environment,
which works as a fully integrated add-on to
Eclipse and enables rapid design and
implementation of new functions thereby
drastically reducing the cost of software
maintenance. Finantix Studio is based on
leading-edge standard and techniques - such
as Model Driven Architecture, Service
Orientation and Business Process Management
– that dramatically accelerate solution
delivery and customisation.
About FirstRand
FirstRand was created in April 1998
through the merger of the financial
service interests of Anglo American
Corporation of South Africa Limited (AAC)
and RMB Holdings Limited (RMBH). The
major companies involved at the time
were the listed entities, First National
Bank Holdings of Southern Africa Limited
(FNBH) and the Southern Life Association
Limited (Southern Life).
Through its ownership of First National
Bank, Momentum, Rand Merchant Bank,
WesBank and Discovery the Group can
operate in almost every area of the
financial services arena.
About First National Bank
First National Bank (FNB) is the oldest
bank in South Africa and traces its
origins back to the Eastern Province
Bank which was formed in Grahamstown in
1838. Today, FNB trades as a division of
First Rand Bank Limited. With more than
600 branches FNB provides a full range
of banking products and services to
individuals, businesses, corporates and
the public sector. About
Finantix
With offices in
Helsinki, Hong Kong, London, Milan, Munich,
Singapore and Venice, Finantix provides
process-oriented, client-centric,
sales-driven financial components for retail
and wholesale financial services firms.
Finantix offers solutions in the areas of:
branch automation, retail advice and
financial planning, lending and mortgage
origination, financial relationship
management, wealth management, bancassurance,
business banking, online brokerage and
internet banking.
Leading financial institutions - such as
Abbey, Banca Intesa, Bank of China, Credit
Suisse, HSBC, Kookmin Bank, Standard
Chartered Bank - adopted Finantix solutions
to transform their multi-channel delivery
processes into a sound orchestration of
human skills and system intelligence that
increases sales productivity, advice
capabilities, and client satisfaction.For
further information please contact:
Finantix UK - London
Email:
sales@finantix.com
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