IDEALINVENT to assist to implement FLEXCUBE for Bank SNORAS

IDEALINVENT has been retained by Bank SNORAS, Lithuania to assist the bank in their ongoing FLEXCUBE core banking system implementation project in Latvian branch. IDEALINVENT will be assisting the Bank in documenting processes, realizing the same in the system, providing solutions and alternates, parameterizing the system. IDEALINVENT will also continue with Third party testing for the solution and assist Bank SNORAS in preparation for go-live.

AB Bank SNORAS is one of the largest Lithuanian banks. Having the most expansive and modern territorial customer service network in Lithuania, AB Bank SNORAS successfully strengthens its positions on the Lithuanian market of retail and business banking.

On 1 July 2009 AB Bank SNORAS was the third bank in Lithuania according to the portfolio of the attracted deposits, the fourth according to the authorized capital and the sixth according to managed assets. Over 1 million clients use the services of the Bank.

AB Bank SNORAS owns its branches in Estonia and Latvia, representative offices in Belgium, Czech Republic, Ukraine, Belarus and it also prepares to establish a branch in Cyprus as well as a representative office in China.