Finnova Collaborates with Elixir for Success in the Banking Industry
About Finnova: For more than 30 years, Switzerland based banking solution provider, Finnova, (previously FIS, Finis) has developed customized software solutions. The integrated modular banking solution Finnova currently provides improve and heighten efficiency in processing. Using state of the art technologies and in depth knowledge of financial services, Finnova sets the standard in the Swiss banking industry. Finnova’s solutions include applications that revolutionize customer services and banking transactions, while complying with and supporting current regulations and bank-proprietary processes.
Elixir Collaboration: In the early 90s, Finnova commissioned an application solution that could tie directly into their data to produce personalized documents.
The requirement of an interface to their data would allow them to provide templates and personalized documents to streamline their processes. They not only required the engineering to interface with their data, knowledge of the financial sector was essential.
Enter: Elixir’s Opus Document Designer:
The integration of Elixir’s solution into their process granted not only the flexibility to customize their documents through design and template usage, Elixir also provided a potent solution that would provide the platform for standardization. Complex designs were endowed as templates to provide to new banks, managing branding through simple look ups and dynamic processing. To alleviate transitional distress for new banks, Finnova provides customizable designs and templates, centrally managing layouts and design effort to further streamline the process. They provide sophisticated banking applications for customer and banking services to include documents, balance sheets, and a variety of communications using business rules to define promotional messages (they were ‘transpromo’ before transpromo was cool.)
Opus allows Finnova to provide their documents in a wide variety of languages including: German, French, Italian, Roman and English.
Leveraging the potency and diversity of the Opus document system, Finnova has maneuvered the “on-boarding” of new banks to a science. The ability to easily navigate data, employ business rules and logic, Elixir’s solution has allowed Finnova to leverage the ease of design and reuse to streamline the design process to build efficiencies into their system, reducing errors, development time, and start up schedules. Using the Opus Document system, Finnova is able to provide new banking customers with data integration and consistency in customer collaterals. Finnova started their modular banking solutions with three banks in 2003; they currently support more than 80 banks, including recent expansion into Germany.
Finnova Customer Quote
“Finnova offers the best solution for our bank: the standard software already contains the vast majority of applications we need, including the loan initiation process, over-the-counter operations, e-Banking and cash dispenser business. We will thus be able to be fully functional with a minimum number of ancillary systems.”