HVB BANK BIOCHIM AND HEBROSBANK HAVE CHOSEN TO SET A COMMON IT SYSTEM
HVB Bank Biochim and HEBROSBANK have chosen to set their common information system (IT) on the basis of the FlexCube specialized software product.The choice of a common IT system and its introduction is among the major stages in the integration between HVB Bank Biochim and HEBROSBANK. We chose the IT product that will allow us to respond to the market challenges and the increased requirements and needs of clients through the most contemporary technology, said Peter Harold, CEO and Chairman of the two banks' management boards. FlexCube, which in 2004 won the Major Bank Solution of the Year and Software of the Year prizes of the British magazine The Banker and Financial Times Group, is a fully centralized and integrated basic bank system for retail, corporate and investment banking. Of all bank products that we considered, FlexCube is the system with the greatest possibility for additional updating, flexibility and adjustment, it is a globally accepted and a constantly developing product, Parvin Bancel, editor of the Technologies department in The Banker magazine, commented the prizes. FlexCube is already used by more than 230 leading financial companies worldwide. The system is the best-seller among bank software solutions for the years 2002, 2003 and 2004 of Banking Systems (IBS), Great Britain. Some of the major advantages of the system are the possibility for achieving high operative efficiency and for quick introduction of new products and services which can be changed, depending on the needs of various groups of clients. Risk management is effected in real time.