New Access SA, Swiss banking software provider, today announced the successful go live of Logical Access Suite, electronic document management solution and Xeres reporting at ABLV Bank in Luxembourg.
ABLV Bank, one of the largest independent private bank in the Baltic States, acquired an electronic document management and reporting solution to meet the needs of its new branch implemented in 2012 in Luxembourg. The users of the bank now have available a solution allowing easy access to all documents of their customers, while guaranteeing the privacy of sensitive data. Specific modules such as Hold Mail, Centralized Printing are also part of the solution installed at ABLV Bank Luxembourg.
"We chose New Access solutions which are considered very stable with rich functionality and reasonable maintenance cost. The modular scalability of the solution will accompany us at every stage of our development, " said Gilbert Angelelli, CIO at ABLV Bank Luxembourg.
Regarding reporting, the New Access solution, now generates 12 types of reports, defined with the bank (investment reports, account statements, individual or group advices, ...). The raw data is extracted directly from the T24 banking application. At a later stage of the project, these documents will be produced in Russian.
The project was conducted in close partnership with Clearstream, host of the new Data Center of ABLV Bank Luxembourg. The implementation project was completed on time.