FLink integration platform goes live at Aizkraukles Banka Latvia
Successful system integration: FLink orchestrates the data flow between Temenos T24™ and the bank’s payment system using its excellent ISO8583:1993 connectivity.
Riga, Latvia / Hamburg, Germany, April 2008 – FRAMETEXX GmbH, the provider of IT-Solutions in the T24 environment, announced that Aizkraukles Banka (AB.LV), a modern european bank for private business in Latvia, had a successful „GoLive“ with FLink on 31st March. FLink, FRAMETEXX`s integration platform for connecting T24 to external systems, guarantees the AB.LV an online and offline connection between their T24 system and their payment card system Cortex based on ISO 8583:1993. This T24-Cortex Interface receives a large number of various Payment Card transactions for the AB.LV via online connection, encodes them, produces T24 transactions and sendsback the result to the Cortex system.
Established in 1993 as a bank that offers its clients high-class service of banking practice in Latvia, the AB.LV is now a bank for private business. Rolands Citajevs, CIO and Member of the Board, says: „We met representatives of FRAMETEXX at a fair in Bangkok in June last year. At that time we were looking for a reliable integration platform to connect our Cortex system, DWH and another systems in an efficient way to our T24 core banking system. Referring to this, the products of FRAMETEXX exceeded all our expectations.“
In a „proof of concept“, FRAMETEXX succeeded against all its competitors. After installation and successful tests the AB.LV even signed a contract to be „Strategic Partner“ of FRAMETEXX, meaning that the bank enables FRAMETEXX to invite their potential customers to Riga and let them have an impression about how FLink works in practice.
Rolands Citajevs adds: “Because of the fact that we are convinced of the product we want to give other banks the opportunity to experience it in real. We are interested in development of FLink technology which really has great potential and will be happy to share our success with other banks“.
This successful „GoLive“ in Riga – configuring 6 complex interfaces (Cortex, DWH etc.) took just 4 months, including analysis and user acceptance test. Rolands Citajevs lauded the whole process and the work of the company:
„FRAMETEXX delivered a firm and reliable product. Furthermore, it was a professional way of cooperation. The communication between our bank and FRAMETEXX has always been constructive and goal-oriented so that the project took place faster than we thought. I expect to reduce our costs of maintenance, because with FLink we are in a position not only to reduce the number of interfaces but also to simplify them and to make them more transparent. We are glad that we have choosen FRAMETEXX as a partner and FLink with all its components. I am a happy customer!“
The AB.LV builds several interfaces with FLink and plans to increase the number of interfaces, handled by FLink, in the near future. FLink is designed to suite the needs of any financial institution.