Global Technology`s South African-developed suite of GLOBUS Internet Banking products, which include Integrator and Psygn, have been acquired by Austria`s Raiffeisen Zentralbank for its operations in Poland and China in a deal worth R17 million.
The January 2001 agreement saw the products purchased through Temenos UK, in which Global Technology has a 20% stake. Temenos UK recently purchased ownership rights to GLOBUS Integrator and other products. The project cost includes implementation and full training and the revenue from the RZB deal is to split between Temenos UK and Global Technology.
"In Poland, GLOBUS Integrator was installed in February by teams of South African engineers," says Jorn Armbruster, business consultant at Global Technology. "Integrator enables all Polish banks to interface with other systems such as ATM and credit/debit card networks in the Polish equivalent of Saswitch, called Polcard."
Transact, Reuters, SWIFT, and other external applications will be brought online for RZB`s operations in Poland in the near future.
"RZB already runs GLOBUS as its core banking solution and Integrator has the additional advantage of providing an instant interface between the core and subsidiary systems," says Armbruster.
In China, RZB will deploy the GLOBUS Internet banking solution and Psygn once all the specifications have been mapped out. Psygn is a development and operating environment that is used for developing and running Web-enabled applications, allowing the bank to fully configure the Internet interface as seen by customers.
"RZB run their entire China operation from one central branch in Beijing. The country`s size and poor physical transport infrastructure make Internet banking absolutely essential for conducting business with far-flung customers," concludes Armbruster.
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