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Diasoft announced a finalist of IBM Beacon Awards 2013 for the Best Industry Solution for Banking

Diasoft, a global provider of cutting-edge financial software solutions, with its FLEXTERA Core banking system was announced a finalist in the Best Industry Solution for Banking category of IBM Beacon Awards 2013. According to IBM, the award distinguishes a Business Partner who is delivering a unique business value proposition to clients.

The Best Industry Solution for Banking Award recognizes the IBM Business Partner who brings to market a key innovative industry solution delivering the key value propositions of Smarter Planet with IBM Industry Solutions alignment to a Banking client. In order to win, the innovative solution should leverage open standards, incorporate a componentization approach, lead with an IBM software solution, middleware and hardware components, and improve industry processes.

The selection, performed by the leading industry and IBM experts, is based on the thorough multi-dimensional analysis of each candidate solution, including its detailed business and architectural survey and customer references.

“It is a great honor and a significant achievement for us to be selected from hundreds of other candidates as a finalist of IBM Beacon Awards”, Mikhail Kryuchkov, Director, Global Markets, Diasoft. “This recognition proves once again the exceptional business and technological value that FLEXTERA core banking brings to our global customers”.

FLEXTERA Core Banking is a new generation banking back office system that processes daily banking transactions (deposits, consumer and commercial loans, saving accounts, etc.) and posts updates to accounts, general ledger, and other financial records. FLEXTERA Core Banking provides comprehensive tools for efficient processing and consolidation of financial information ensuring real-time enterprise-wide overview of the company’s finance. It is a modern, high-performance and flexible system designed to meet business requirements to financial processing of the largest multi-branch international banks to small and middle-sized financial institutions and insurance companies.

The solution is component-based SOA-compliant and built with the use of JavaEE technologies, which ensures its easy integration into any IT environment and flexible configuration of the business processes related to accounting and reporting. FLEXTERA Core Banking provides web-services for the consolidation of financial information with an incredible speed to ensure effective management, regulatory and corporate control over the company’s finance. Significantly, that the main system components are validated on IBM Banking Industry framework in the core banking domain which also proves their exceptional architectural features.