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FMS.next goes live as a Core Banking system replacement in a UK-based international bank for their archiving and compliance requirements

PROFILE Software, an award-winning financial solutions provider announced today that FMS.next goes live at the local branch of an international bank headquartered in the UK. The bank selected the technologically advanced FMS.next Banking platform to manage their data warehouse requirements and achieve regulatory compliance, reporting customer activity to state authorities.

Leveraging its international recognition, PROFILE’s FMS.next was selected to replace the Core Banking system that served as an archiving system, due to its flexibility, user-friendliness, seamless integration to the Bank’s environment and the evident value for money provided. Alongside acting as the archiving system, serving enquiries to the users, FMS.next integrated with the Bank’s productive systems to handle real time enquiries by the state authorities on customer activity, effectively combining information from different environments.

The robust architecture of FMS.next provided a smooth integration to the Bank’s environment, while its modular and technologically upgraded platform ensured a cost-effective implementation in terms of hardware and software requirements. The bank’s users experience a modern and friendly web-based interface, in addition to increasing their productivity through instant access to information, straightforward navigation and streamlining of their processes. The powerful report generator of FMS.next ensures that any new reporting requirement is handled with ease at any time.

PROFILE continuously invests in the development and improvement of its FMS.next Universal Banking platform to accommodate the demanding requirements of the financial services environment helping organizations to deliver exceptional client service and achieve operational efficiency. Apart from traditional banking operations FMS.next competitively covers the requirements for Islamic Banking, Financing & Leasing as well as Peer-to-Peer Lending (online marketplace).