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ING Wholesale Banking to employ CoCoNet e-banking portal

17 July 2006  |  2731 views  |  0 Source: CoCoNet

CoCoNet's MULTIVERSA IFP International Finance Portal has been selected by ING Wholesale Banking as e-banking portal solution for wholesale customers in Europe starting with a version for The Netherlands.

MULTIVERSA IFP is an advanced portal solution for payment transactions and cash management. The users work with ergonomic user interfaces which have been designed according to well thought-out use cases. As MULTIVERSA IFP is a portal solution, corporates do not need to install software on their local workstations.

MULTIVERSA IFP had to pass an extensive assessment process on performance, quality and source code. CoCoNet's Managing Director Ulrich Lischewski states: "We are proud to be selected by ING Wholesale Banking. This decision shows once again that CoCoNet is an appropriate and reliable partner for large international banks."

MULTIVERSA IFP enables corporates to initiate payments in a decentralised way via internet – either by import of files from ERP systems such as SAP, from treasury management systems (TMS) or by manual entry. Payments can be authorised in a comfortable way thanks to MULTIVERSA IFP's (Distributed) Digital Signature functionality (DDS) facilitating remote authorisation via internet by one or multiple signatories. In addition the users can retrieve detailed BTR (Balance and Transaction Reporting) data from the bank such as account statements and turnovers, value balances and intraday reports. Comprehensive filter options facilitate research in the reporting database.

MULTIVERSA IFP covers a wide range of practice-oriented products for corporates in the Netherlands based on Dutch domestic and cross-border payment transactions and multi bank reporting using the ClieOp03, BTL91, MT940/942 and ING-specific formats.

With MULTIVERSA IFP, ING has decided on an extendable and scalable portal solution perfectly adapting to changing requirements. As MULTIVERSA IFP has been built as a central standard application to cover different country solutions on one platform the bank appreciates the strategic option to enhance the first Dutch MULTIVERSA IFP version by other country modules in the near future.

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