Baltic International Bank (BankWorld)

Baltic International Bank (BIB), the first of the Latvian banks the offered private complex service of wealthy clients, and CR2 company, leading supplier of multichannel software solutions for the banking sector, announced start of new online-service by bank based on the developed BankWorld platform CR2. The new solution will give the chance to effectively collect and process data for the back office system of Temenos T24 bank that will allow to develop the innovation services and to provide individual services to clients, maintaining at the same time optimum level of security.

Transition to the new platform is performed within the development strategy of bank providing implementation of efficient services for the purpose of ensuring individual approach in work with wealthy individuals and large corporate clients. The implementing solution BankWorld on CR2 platform was carried successfully out by a command of bank and its partner consulting company integrator SSI (Software Solution Integrator Ltd) after successful implementation of a basic banking system of T24 by them.

"Thanks to the BankWorld system from CR2 we could increase even more quality of our services provided to clients via the Internet or on the mobile phone, – the vice-chairman of Council of Baltic International Bank Albert Reznik noted. – Now each personal manager locates a unique picture of the client portfolio and accounts of the clients. It facilitates to managers work and increases the speed of accomplishment of requests, thus, providing the highest level of comfort to our clients".

BankWorld represents the last achievements in the field of banking technologies and world practice of business. The basis of this application was formed by the strengthened platform of security providing confidentiality by transfer of personal data of clients.

Higher level of security means also a possibility of imposition of restrictions on viewing information and transactions in case several users get access to individual or joint accounts.

Kieran Kilcullen, the sales and marketing director and the board member of CR2 company, commented: "We are glad that promoted emergence in Baltic International Bank of the new channel of online-banking in Latvia. Made great impression on us how quickly the bank in partnership with SSI deployed this solution. Integration of BankWorld into channels of Internet and mobile banking allows BIB to ensure multiple-factor safety using one-time passwords that guarantees to clients the highest security level, without causing inconveniences at implementation of other methods of authentication based on hardware".