Petra Financial standardize using Sterci’s STEFORM for intelligent message building

4 May 2009

Petra Financial today announces the integration of STEFORM into the Petra suite of mobile banking and payments automation products to strengthen and standardize ease of integration.

Petra Financial products will now access the STEFORM messaging module which has an extensive array of standard messaging libraries in a SOA (service oriented architecture). Petra Financial’s innovative payments solutions – Touchstone, Touchstone Mobile, Vortex, and Clarion E&I are already used by some of the world’s leading banks, including HSBC, ABSA, National Australia Group, and FNB. Increasingly, banks are looking for innovative solutions that can be easily integrated into core bank systems and output into many formats such as SWIFT, and also many country specific domestic clearing systems. STEFORM will allow Petra Financial’s exceptional SaaS (Software as a Service) solutions to use the standardized libraries already in STEFORM and also rapidly create new interfaces at a low cost, which shortens the time banks need to achieve business objectives.

Etienne Savatier, Sterci’s International Sales & Marketing Director, comments: “Petra Financial has an exceptional suite of solutions for mobile banking and payments automation. Today, integration is a key issue for banks – to bring in new and innovative solutions and integrate them quickly and efficiently. STEFORM has a broad library of existing formats for integration and an established track record of delivering effective integration capabilities with many top tier financial institutions. We are delighted to be working with Petra Financial who share our commitment to SOA as the most sensible way of delivering software today; this makes the partnership very compelling as our technology approach is so similar”.

“As banks demand new applications, but with faster and more cost effective integration to deliver shorter term ROI (Return on Investment), the combination of Petra’s solutions and STEFORM’s intelligent message building approach fits well with the markets’ needs.” Savatier continued.

John Burton, Marketing Director of Petra Financial comments, “Banks are increasingly looking at delivering greater service and retaining valuable clients – both corporate and retail. We also know that in many regions, banks are also looking at new areas such as remittances and new revenue streams. But today, there is no appetite for major system changes with long delivery times and high capital expenditure. What banks want is to deliver and roll out innovative services and products quickly, cost effectively and with confidence. This means integrating to a myriad of different systems and file formats for inbound and outbound messages. We at Petra Financial focus on innovative solutions, and now with STEFORM, we have a very powerful solution to deliver this complicated integration in a very quick and cost effective manner.”

“Sterci is a proven and trusted partner to many of the world’s leading financial institutions and this means that we can be very confident in Sterci and STEFORM to be the integration solution that we rely on”, Burton added.

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