IBS Journal October 2015


WHO? Resurs Bank WHAT? Provenir’s consumer risk and credit decisioning software


Sweden-based Resurs Bank has chosen financial software provider Provenir to support its consumer risk and credit decisioning processes. Founded in 2011, Resurs Bank works


in cooperation with more than 1400 chains and 35,000 stores in the Nordic retail sector, provding both corporate and consumer customers with products such as savings accounts, unsecured loans and its own credit card, named Supreme Card, which has 140,000 customers in the Scan- dinavian region. According to Provenir, Resurs Bank’s


growth necessitated the implementation of a uniform credit approval process that would use the information from sever- al core systems. Fredrik Ridaeus, Resurs


Bank’s Nordic credit manager, says that Provenir’s service will enable it to move all of the credit decision systems onto one consolidated platform. Through the use of the Provenir system, the bank hopes to improve the quality of its credit decisions, update policies without IT consultation and improve customer pre- selection targeting through data analytics. Implementation has begun in Den-


mark, according to Provenir, with roll-outs to other countries in the pipeline to sup- port a Resurs’ projected growth. Provenir’s platforms are also utilised


by Swedish payments processor Klarna, which started using the US-based provider’s solutions in 2013.


Alex Hamilton


Resurs Bank HQ, Helsingborg © hd.se


WHO? Navaxx WHAT? Profidata’s Xentis for asset management


Luxemborg-based fund administration and services company, Navaxx, has selected Profidata Group’s Xentis system. Navaxx plans to use the investment


application to manage its network of clients, which hold more than €4.6 billion in assets. The company says in a statement that Xen- tis’ compliance with Luxembourg, German and Austrian regulatory authorities was a key reason behind its selection. The software’s ‘smooth handling of order routing’ and ‘check- ing of ex-ante and ex-post investment com- pliance’ was also a driving force behind the decision. On top of providing Xentis to Navaxx,


Profidata will be supplying it with market monitoring, master data processing and investment compliance services. The Swiss company has had success in its


home country, with compatriot companies Luzerner Kantonalbank and PMG Fonds Man- agement both opting for Xentis in the past two years. The Xentis system is also used by Liechtenstein-based IFM, which signed with Profidata in 2011.


Alex Hamilton © IBS Intelligence 2015 www.ibsintelligence.com 33


WHO? Infolink Services Limited WHAT? Fiserv‘s Posh payments platform


Infolink Services Limited (ISL) has selected Fiserv’s Posh platform as the provider for its payments processing and PCI compliance. ISL, a joint venture corporation


owned by four commercial banks in Trinidad and Tobago, operates a debit network named Linx which, it claims, handles more than 40 million trans- actions per year. Posh will be used for the processing of these transactions through every stage of their lifecycle. The corporation will be using


Fiserv as its single technology part- ner for electronic payment process- ing across its four commercial bank members: First Citizen Limited, RBC Royal Bank, Republic Bank Limited and Scotiabank Trinidad and Tobago. Fiserv will also be used as the single payments systems provider for three smaller financial institutions also run by ISL. Fiserv’s Posh platform is a solution


for terminal management, payments, authorisation and switching. It can be


used as a standalone product or bolt- ed onto an existing legacy payment infrastructure. The system ensures, according to Fiserv, that transactions are delivered to the issuer or network with full compliance. The system has recently been


updated to facilitate the support of multi-channel transactions, according to Fiserv. Running on a Windows-based server platform, Posh is only available to organisations outside of the US. The selection of the Fiserv system,


reckons Glynis Alexander-Tam, general manager of ISL, will enable the com- pany to meet all of its payment needs and add flexibility for the member banks on its Linx network. Of Infolink Services Limited’s four


owner banks, First Citizen Bank uses FIS’s Profile for its core banking oper- ations, while Republic Bank runs on D+H’s Phoenix platform. RBC Royal Bank, meanwhile, is a long-standing user of FIS’s Systematics and Temenos’ T24. Alex Hamilton


recent orders


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