IBM and Diasoft signed the Global Alliance Agreement to better meet modern business requirements of international financial institutions

5 October 2011

IBM (NYSE: IBM) and Diasoft announced today of their Global Alliance partnership for joint development and promotion of banking solutions. This collaboration will reveal new advantages of Diasoft’s FLEXTERA Financial Architecture which is based on IBM Technologies in full compliance with IBM Banking Framework standards.

The Agreement is a result of successful 10-year collaboration between the two companies. The new level of collaboration will assist Diasoft’s plans to further develop its banking solutions with the use of such IBM technologies as WebSphere and DB2. IBM will provide Diasoft with its technological expertise and support Diasoft’s efforts in optimization and implementation of its business solutions. The companies will also collaborate on joint marketing and promotion.

Diasoft’s FLEXTERA Financial Architecture was designed to consolidate information resources of a financial institution. Based on the SOA approach, the solution allows its customers to raise their operational performance and reduce the time of business processes implementation.

“IBM collaborates with banks all over the world to transform their operations and raise their business performance”, said Kirill Korniliev, CEO, IBM Russia and CIS. “We are happy to contribute our international experience into our joint activities with Diasoft to support the development of innovative solutions for the banking industry. Leveraging opportunities delivered by integration and BI solutions, Diasoft’s products will help banks to strengthen their competitive positions”.

“Now the banks can use a unique solution based on Diasoft and IBM’s joint industrial expertise and technologies. Our today’s agreement is backed up by the cutting edge architecture, business process oriented approach and unlimited scalability and performance offered by the new generation of Diasoft’s products”, Alexander Glazkov, Chairman of the Board, Diasoft.

“Alfa-Bank has been working with Diasoft and IBM for a long time. We are deeply convinced that FLEXTERA solutions based on IBM’s technologies fully meet the requirements of the banks seeking for flexible tools to support the growing number of business tasks. I consider the partnership of the two companies under the Global Alliance agreement to be an important landmark capable to accelerate the overall innovative development of the IT market”, Sergey Mednov, Member of the Board, Alfa-Bank.

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