24 February 2018
Visit www.capgemini.com/worldreports

ING live with CocoNet online banking system in Germany

25 July 2005  |  3163 views  |  0 Source: CoCoNet

After only three months, ING has gone live with CoCoNet's e-banking solutions MULTICOM Banking Server, CoCoNet's proven e-banking server, and MULTIWEB Banking, CoCoNet's market-leading internet-banking system for corporate customers.

Within this short period of time ING and CoCoNet have set up a completely new e-banking infrastructure for ING's corporate customers in Germany, including the migration of existing customers from the previous system of BHF-Bank. The short time-to-market was mission-critical for ING: after the sale of BHF-BANK, there was an immediate need for a new e-banking system for Germany. Herco Le Fevre, Head of e-Channels ING Wholesale Banking Payments & Cash Management: "The project has exceeded all our expectations. Only three months after the final decision for CoCoNet the solution was delivered, configured and ready-to-use and ING had a complete new e-banking infrastructure for Germany including a connection to our payment hub in Brussels."

Now, the MULTICOM Banking Server is the central access point for all German e-banking customer systems – MULTIWEB Banking and MultiCash – to ING's European Payment Hub in Brussels. In addition to the local German payment transactions the CoCoNet system also receives payments for ING accounts in Belgium and the Netherlands. The MULTICOM Banking Server routes these payments to the central payment hub in Brussels. Moreover, ING plans to add further country modules.

Thanks to this architecture, ING's customers in Germany can use local formats for payment orders related to accounts at ING in Belgium and the Netherlands. They can submit the orders via the German multi-bank standard, BCS/FTAM, and CoCoNet's de facto Internet-banking standard, MULTIWEB (there has been no multi-bank Internet standard in Germany until now), to the MULTICOM Banking Server where they are routed to ING's European Payment Hub. From there, the orders are routed to the local systems in Belgium and the Netherlands.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukvisit www.swift.com/your-needs/instant-paymentsVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11784 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10325 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8563 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8088 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7769 views comments | 10 tweets | 14 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job