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Reliance Bank purchases i-Financial.Net modules

03 February 2004  |  968 views  |  0

International Financial Systems Limited have announced the sale of the first modules of i-Financial.Net, the replacement system for their BankWare and i-Bank product range which was originally announced in June 2002.

The bank concerned is Reliance Bank London who took i-Financial's Internet module iWeb to integrate with their in-house back office system running on an IBM I-Series.

Bank spokesperson Hazel Edwards said, "i-Web was chosen from a number of suppliers offering similar solutions on the grounds that none offered such a cost effective solution with such a broad breath of functionality. I-Web has opened up infinite Internet possibilities for Reliance Bank and has enhanced customer service. The new system was delivered and installed in accordance with the bank's schedule and underwent extensive testing before being put out to the bank's customers. We're delighted with progress to date."

Initially i-Financial.Net is being used to provide the bank's customers with Cash Management services and secure e-mail. Over time, i-Financial's 'i Transact' middleware will enable straight through processing of customer payments.

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