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Home > Company > Press Releases > Digital Transformation at African Export-Import Bank
Fiorano Delivers Digital Transformation at African Export-Import Bank
Fiorano Seamlessly Integrates Finacle, the Bank's Cloud-Based Core Banking System, with Existing Applications to Provide a Digital-Ready Banking Platform
Fiorano Delivers Digital Transformation at African Export-Import Bank
Fiorano Seamlessly Integrates Finacle, the Bank's Cloud-Based Core Banking System, with Existing Applications to Provide a Digital-Ready Banking Platform
April 9, 2020, Dubai: - Fiorano Software, a leading Enterprise Integration Middleware and API Management specialist, announced today that African Export-Import Bank (Afreximbank), Egypt has chosen the Fiorano Hybrid Integration Platform (HIP) to integrate its cloud-based core banking system, Finacle, with application systems to establish a technology platform for future enterprise integrations.
April 9, 2020, Dubai: - Fiorano Software, a leading Enterprise Integration Middleware and API Management specialist, announced today that African Export-Import Bank (Afreximbank), Egypt has chosen the Fiorano Hybrid Integration Platform (HIP) to integrate its cloud-based core banking system, Finacle, with application systems to establish a technology platform for future enterprise integrations.
"Fiorano has obviated Afrexim Bank's point-to-point integration method to streamline its complex architecture. It is playing a pivotal role in realizing the bank's goal of achieving compliance, confidentiality in information transfer, authenticity and integrity in consumer data handling, interdependence during upgrades, and feedback, monitoring capabilities"
S.S. Tarak, Director - Business Development, EMEA, Fiorano Software
"Fiorano has obviated Afrexim Bank's point-to-point integration method to streamline its complex architecture. It is playing a pivotal role in realizing the bank's goal of achieving compliance, confidentiality in information transfer, authenticity and integrity in consumer data handling, interdependence during upgrades, and feedback, monitoring capabilities"
S.S. Tarak, Director - Business Development, EMEA, Fiorano Software
The bank was looking to overcome challenges posed by myriad internally developed integration processes that severely limited scalability. The Fiorano HIP transformed the bank's IT infrastructure to manage a tangled web of data loading/transfer processes and created a real-time integrated enterprise enabling the right teams to access the right information at the right time. Fiorano enables the Bank to achieve Straight-Through-Processing and manage payments in real time. With the Fiorano platform's capabilities for innovation and Open Banking with Open APIs, the bank can adapt quickly to market changes and accelerate time-to-market for new products and services for addressing new market opportunities.
The bank was looking to overcome challenges posed by myriad internally developed integration processes that severely limited scalability. The Fiorano HIP transformed the bank's IT infrastructure to manage a tangled web of data loading/transfer processes and created a real-time integrated enterprise enabling the right teams to access the right information at the right time. Fiorano enables the Bank to achieve Straight-Through-Processing and manage payments in real time. With the Fiorano platform's capabilities for innovation and Open Banking with Open APIs, the bank can adapt quickly to market changes and accelerate time-to-market for new products and services for addressing new market opportunities.
About Afreximbank:
African Export-Import Bank (Afreximbank) is a multilateral financial institution established in 1993. Its mission is to stimulate a consistent expansion and diversification of African trade, to rapidly increase Africa's share of global trade, and in doing so, to operate as a first-class, profit-oriented, socially responsible financial institution. Headquartered in Cairo with branches in Abidjan, Abuja, and Harare, it has total assets of over US$ 12 bn.
About Afreximbank:
African Export-Import Bank (Afreximbank) is a multilateral financial institution established in 1993. Its mission is to stimulate a consistent expansion and diversification of African trade, to rapidly increase Africa's share of global trade, and in doing so, to operate as a first-class, profit-oriented, socially responsible financial institution. Headquartered in Cairo with branches in Abidjan, Abuja, and Harare, it has total assets of over US$ 12 bn.
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