Financial sector

In the heavy market competition financial institutions are facing a permanent expectation of technological development. Factors such as, the opening of new (primarily real-time) customer access channels the general growth of demands from different kinds of customer groups (to various extent though) the pressure to improve internal efficiency, internal and external reporting obligations that require consolidated positions on group level, all have their corresponding IT requirements.

It is the areas especially affected by factors above application integration (EAI), business process management (BPM) and the development of applications tailored to the special needs of a particular institution that represent the main focus of the support provided by Fornax to financial institutions. The majority of our services are connected to middleware tools in some manner:

• Application integration consultancy and development – connecting several financial applications on the basis of middleware technology instead of conventional interface-based technology
• Development of so-called pipeline systems performing an automated transaction transfer and pre-processing between front-end (customer care) and back-end (transaction processing) systems.
• Design and implementation of front-end web-based applications
• Introduction of standard master data management based on EAI technology
• Business process management – regarding processes within customer service or internal administration
• Document management
• Individual software development tailored to the specific business and technological needs of the customer: design and development of real-time recording and clearing systems
• Elaboration and implementation of migration procedures related to the introduction of the applications
• Performing database tuning and consultancy tasks
• Performing continuous monitoring, maintenance tasks according to customer's needs

Fornax Co. has the biggest team in the region specializing in EAI and is a leading company in spreading this technology.

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