Portugal's Banco Espirito Santo (BES) is to roll out Financial Objects' Ibis/S2 technology across its London commercial banking operations.
The wholesale banking system, which encompasses online private banking, lending and retail modules, will be used by the bank to integrate its front-to-back office processes and improve the overall efficiency of its transaction processing and analysis, says BES.
The Ibis modules will also enable the delivery of an online banking solution for client-facing transactions. Customers will be able to use the Internet to securely access bank accounts and financial information 24x7 and also to perform selected transactions.
Ricardo Pires, BES, assistant general manager, says: "The implementation of a highly integrated front, middle and back office banking solution has increased efficiency of our business processes and is helping to control internal costs."
The system will go live in the first quarter of 2002.