FLink Product Suite is live at Citadele Banka Latvia

Major Latvian Bank realizes interfacing and data extraction with FLink and DataBridge

Riga, Latvia, September 2017 – Citadele Banka Latvia, member of Citadele Group, a full-service financial group for both private individuals and companies, successfully went live with FRAMETEXX’s product suite for interfacing and data extraction in September 2017.

Prior to the product launch itself, Citadele Banka and FRAMETEXX scheduled a two months pilot phase. Within this phase the Teams collaborated very closely to compile all possible fields of application of FLink product suite. The most important task was to identify how Citadele Banka’s requirements in interface development and data extraction could be eased and sped up by the FLink products.

Andrejs Nollendorfs, IT Projects Manager and T24 Expert at Citadele Banka says, “The result of this compilation phase was more than satisfying. We detected that we considerably benefit from applying the complete FLink product suite. We decided for FLink Interfacing and for the DataBridge. With FLink Interfacing we have a great solution to develop and build our interfaces. The DataBridge gives us more flexibility and significantly increases the T24 data extraction speed, compared to our previous solution .“

Citadele Banka was able to reschedule their extraction process from T24. The performance of the DataBridge allows to run the data extraction directly during the COB, so that post processing and data uploads to the DWH can be started as early as possible. Another major enhancements is that the extraction workflow is especially adapted to their multi-company environment structure.

The first interfaces to exchange collateral and enterprise valuation data between external systems and T24 have already been developed and successfully deployed into production.

“We thank FRAMETEXX for a perfectly organized FLink implementation. They provided very qualified and high level support during all phases of this project“ Andrejs Nollendorfs says.