Growing in new markets

By Luís Sant’Ana Pereira

Require fast implementation of a bank in Portuguese-speaking African countries, East Timor or Portugal, with extended and adequate functional coverage, compliance with existing regulations, guaranteed evolution of the solution and with adequate investments and support costs? There’s now a solution and it goes by the name of Promosoft: Banka.

The Banka core system is a comprehensive and totally integrated platform for different banking business models: commercial banking for individuals and companies, investment banking, private banking and corporate banking.

The functional coverage of the Banka core system meets most of the needs and requirements of banking institutions, including the business processes inherent to the operations of a bank. 

With regards to the management and administration of banking products and services, the Banka core system also provides a high level of compliance with standards, regulations and other existing legal provisions, specifically in those markets where Promosoft is present.

The technical architecture of the Banka core system that supports the applications is optimised and up-to-date relative to the characteristics and evolution of the i series platform. The applications and their incorporated features are modular, allowing integration with other banking systems which include, for example, distribution and customer service channel solutions. Characteristics of the Banka core system such as reliability and robustness, which correspond to a reduced number of anomalies requiring intervention, are also relevant.

These functional coverage and technical architecture characteristics are a result of the constant evolution of the Banka core system of Promosoft since 1992, which has enabled the incorporation of functional and technical best practice as recognised by clients and partners. A key milestone was the market release of the Banka 3G version a year ago which has since been adopted by several banks. This reinforced the conviction and capabilities that allow us to guarantee implementations in record time, thus preserving an essential characteristic of Promosoft and of the Banka core system, now known as Banka 3G.

In addition to the extension of functional coverage, the release of the new Banka 3G version also allowed the inclusion of additional technical characteristics such as 24/7 availability and new licensing modalities, which includes the modality associated with the source code of the solution.

Promosoft and the Banka core system are a leading market reference in the banking sector of Portuguese-speaking African countries, East Timor and Portugal. Indeed, more than 50 banks in three continents and seven countries have selected us as their information technology systems partner.

* Luís Sant'Ana Pereira is the President and Chief Executive Officer Promosoft