15 May 2017BC Victoriabank, Chisinau, Moldova announced about successful go-life of Analytics and Reporting (Temenos) implementation project. The project was run by Foranx LLC, Belarus, Temenos partner, with the participation of Temenos experts. All out-of-box reports of Customer, Financial and Operational intelligence were launched. VictoriaBank is the first bank in CIS region, which now uses Data Warehouse and Analytics and Reporting module by Temenos.
In 2016, Victoriabank took a decision to implement Temenos Analytics and Reporting (Insight) Enterprise Edition R16. The scope of the project included setting more than 180 standard reports on data basis from the Temenos Core Banking, including the data from the card processing system Way4. All out-of-box reports of Customer, Financial and Operational intelligence were launched, making VictoriaBank to be the first bank in CIS region, which now uses Data Warehouse and Analytics and Reporting by Temenos.
In January 2015 Victoriabank went live on Temenos Core Banking R12 in the following scope of functionality: Core, Customer, Account, Accounting and Reporting, Funds Transfer, Teller, AA-loans, AA-deposits, Loans and Deposits, Limits, Collateral, Past Due, Money Market, Forex, Securities, Trade Finance, Guarantees, Interest and Charges, Tax, Delivery. Foranx LLC was priming the whole implementation project, which was completed in 2 years, in time and in budget. The launch was performed using ‘the big bang’ approach, the whole bank (33 branches and head office) at one time.
About Foranx LLC
Foranx LLC has been working at IT- market (automation of financial institutions and consulting services) since 2004. The core activity of Foranx LLC includes development, implementation and support of automated banking systems (development of own software, localization, implementation and support of partners’ software). Foranx LLC has signed the partnership agreement with Temenos according to which the Company has the right to participate in Temenos Core Banking system implementation projects as a prime contractor.
In December 2016 Insight training course was held by Temenos in Foranx’s office in Minsk, Belarus. As a result the company now has certified consultants in Insight (both technical and business).
BC Victoriabank is the first commercial bank from Moldova which offers all kind of financial services to retail and corporate clients. It offers various deposit products, including current and term deposits, as well as deposit with zero initial balance, superflex cash deposit, deposit on the multifunctional card, and deposit boxes. The company provides escrow services, as well as salary cards, credit on the multifunctional card, multifunctional banking card – Visa or MasterCard and card constructor. It also offers fast transfers, money transfers, currency exchange services, opening and service of current accounts in foreign currency, nominal holding of securities services, investment consulting services, ATMs, and tariff services. In addition, the company provides insurance products, such as medical, accident, legal assistance, luggage, and insurance for trip cancelling. Further, it offers a service scheduled payments to facilitate the process of payment for public utilities, mobile, and Internet, as well as underwriting service, brokerage services on the state securities market, brokerage services on the stock exchange market and over-the-counter corporate securities. As of December 31, 2016 it has 35 branches and 76 agencies. The company was founded in 1989 and is based in Chisinau, Moldova.