Banca Transilvania launches electronic banking services using Misys Fontis solution
London, 5th March 2002. Banca Transilvania, one of Romania's leading regional banks, has selected Misys International Banking Systems' (Misys) Fontis solution as the platform for the advanced e-banking and cash management services offered to its extensive client base.
Originally established in December 1993, Banca Transilvania has its headquarters in the Romanian city of Cluj-Napoca. The bank, a joint-stock company, was founded as a result of an initiative taken by a group of private investors. Currently, a stake of 15% of Banca Transilvania's share capital is held by the European Bank for Reconstruction & Development (EBRD). From a single branch in Cluj-Napoca, which opened in February 1994, Banca Transilvania's operations have expanded throughout Romania and now include 33 branch offices, five agencies and five independent foreign exchange outlets.
Banca Transilvania offers a range of retail, corporate lending and treasury services, focussing primarily on the provision of banking services to small and medium-sized enterprises (SMEs), and was awarded the title of 'Best Bank for SMEs' by the Bucharest Business Week magazine and "The Bank of the Year 2001" by Capital magazine in Romania.
Banca Transilvania is widely regarded as being the leading provider of electronic banking services in the Romanian financial services market. In order to maintain this competitive advantage and further extend the range of services offered, the bank opted to implement Misys' Fontis solution to provide the electronic banking front-end for its new Bankmaster system supplied by Kindle, another Misys Group subsidiary.
The bank signed the contract for Fontis in December 2001, with the system expected to be running live and fully operational by the end of the first quarter of 2002. Fontis facilitates the delivery of secure banking services directly to the desktops of Banca Transilvania's clients, providing them with 24 hour access to their accounts and a wide range of services. These include statements of account, balance reporting, inter account transfers, third party payments and two-way transmission of instructions and remittance acknowledgements.
Mr. Iosif Pop, President of Banca Transilvania, comments, "We were already in the process of implementing the Bankmaster system, supplied by Kindle, another Misys Group company, so Fontis was the obvious choice to fulfil our client front-end electronic banking requirements. As well as having an existing interface to Bankmaster, Fontis also met all our functional specifications."
"We believe that ultimately, Fontis will have a strategic role to play in assisting us to continue the planned expansion and profitability of our business, by supporting the introduction of new products and improving the range of services offered to clients," he concludes.
Notes for Editors:
Fontis pcBanking is the leading packaged electronic banking solution for the corporate banking sector. Combining high levels of functionality with powerful Windows technology, Fontis pcBanking is a peer-to-peer solution of modular design, offering considerable flexibility, with support for multiple currencies, languages and payment formats. The system can be installed and implemented quickly, with the entire process typically taking under three months. Implemented in over 40 countries worldwide, Fontis pcBanking is part of the Fontis suite of e-banking solutions.
Misys International Banking Systems, a wholly-owned subsidiary of Misys plc, is one of the world's premier supplier of solutions to the global banking and financial services industry, with annual sales of more than £200m. The company has an extensive network of international branches located in 29 countries around the world and employs over 1,600 staff. The Misys product range includes solutions for wholesale and retail banking, treasury and capital markets, trade finance, private banking and risk management.
For further information, contact:
| Leslie Duckett | or | Jane Keegan |
| Sales & Marketing Manager | Press & P.R. Officer | |
| Misys International Banking Systems | Misys International Banking Systems | |
| Tel: (+353) 1 631 0200 | (01753) 573244 | |
| http://www.misys.com/misys-ibs |
Misys plc, a FTSE-250 company, is one of the world's leading software products suppliers. Misys partners with its customers to deliver outstanding IT solutions to essential industries. The group develops and licences products to the international banking and securities, US healthcare, and UK retail financial services sectors. For the 6 months ended 30 November 2001, Misys reported revenues of £480m and adjusted operating profits (before exceptional items), of £54m. Misys employs over 6,500 people.
