The partnership joins IDEALINVENT's differentiated product offer with HBM's integration capabilities and regional knowledge, so that together they form a strong value proposition for local banks. This is the second successful agreement for the company in South East Asia after it signed a partnership agreement with a major system integrator in the Philippines last month. IDEALINVENT has a long established presence in Scandinavia and is also currently expanding into the Eastern European and Central Asian markets.

The IDEALINVENT product portfolio consists of ConnectCoreTM, a next generation banking platform and DataMatrice, a configurable, meta-data driven data management platform for banks. The ConnectCoreTM product suite consists of: Core bank, the Back office solution; Channels for both customer and branch interaction on the internet and mobile platforms, and PaymentGrid, a comprehensive payment hub.

The DataMatriceTM product suite comprises of: Mediator, a bridge across islands of information; AML, an anti-money laundering solution; Notifications, a customer communication solution; as well as an Analytics and Data Warehousing solution.

Each of these products is available as a license or on the SaaS platform.

HBM has a history of working with leading solutions providers in their endeavor to provide the best combination of technology and services to their customers. They have a strong local presence along with the necessary skills required for implementation in the Indonesian core banking market.

Mr. Roeddy Zeng, Chief Business Development, PT. Hexaon Business Mitrasindo comments "Indonesia has the potential to become an advanced market for banking technology and developing economies like ours have shown a commitment towards innovative and superior solutions", adding that, "we are open to technology driven, flexible and cost effective business delivery models. That is exactly where products like ConnectCoreTM and DataMatriceTM fit in perfectly."

IDEALINVENT's head of Alliances and Partner strategy, Mridul Kumar Nath concurs, "Our strategic partnership with Hexaon Business Mitrasindo (HBM) is testimony to our commitment towards the emerging Indonesian Banking and Finance market. IDEALINVENT brings forth its superior technology Core banking platform, represented by its flagship brands - ConnectCoreTM and DataMatriceTM which, together with the reliability, technical skills and mature delivery governance of HBM, will pave the way for bringing industry best practice and innovative technology solutions to the sector. "