Flextera Middle Office validated on IBM banking industry framework

The IBM Banking Industry Framework incorporates the solutions, provided by IBM and its business partners, which help financial institutions to reach the highest business development results. These solutions are built on the SOA principles and fully comply with modern industrial and technological standards. To assess vendor solutions, the IBM Banking Industry Framework uses the strictest evaluation criteria. The candidate must prove the high business value of its solutions, their technological maturity, and the compatibility with IBM state-of-the-art products and technologies.

FLEXTERA Middle Office is a suite of software products designed to support managerial and controlling business processes (decision-making, risk management, cash flow management, limits management, reserves, etc.). The suite incorporates the following functional software products: FLEXTERA Cash Flow Management, FLEXTERA Underwriting, FLEXTERA Foreign Exchange Control, FLEXTERA Credit Bureau Interface, FLEXTERA Internal Control, FLEXTERA Collateral Management, FLEXTERA Anti-Money Laundering (AML), FLEXTERA Reserves & Provisions, FLEXTERA Decision-making Support, FLEXTERA Debt Collection, FLEXTERA Scoring, FLEXTERA Risk Management, and FLEXTERA Customer Order Management.

Today, Diasoft is the only software vendor in Russia and Eastern Europe whose solutions are validated in three of the four domains of IBM Banking Industry Framework.

In 2010 FLEXTERA Front Office became the first financial solution in Eastern Europe which had been successfully certified against the IBM Banking Industry Framework standards in the Customer Care and Insight domain.

In 2011 the accounting solution FLEXTERA General Ledger was validated in the Core Banking Transformation domain of the Framework.

The next important step for Diasoft is the exploration of the Payments & Securities Domain with its FLEXTERA Settlements solution.