Johannesburg, South Africa and PARIS, France – December 14, 2011 – Orchestra Networks, a leading multi-domain Master Data Management (MDM) solution provider, today announced that the Global Transactional Services (GTS) division of First National Bank, one of the leading banks in South Africa, has selected the Orchestra Networks EBX5 product to meet its master data management needs.
EBX5 was evaluated alongside competitor products and selected as the solution of choice due to its close alignment to the GTS business and architecture requirements. EBX5 rated strongly on GTS’ core requirements of de-duplication, data governance and client hierarchy management and also demonstrated excellent capability in its ease of use and customization capabilities.
“EBX5 plays a critical role in ensuring the right information is sourced in a ‘context’ aware manner to enable reliable and accurate transaction processing capability. The solution’s flexibility allows rich awareness to be built into a transaction context. This is a key requirement to achieve success in a complex transaction processing environment where data takes on significantly different meanings depending on the particular scenario in which it is being utilized. Orchestra Networks understands this challenge and is able to assist GTS to achieve its goal of context aware information usage across a range of interconnected Corporate Banking products and channels.” said Ideshini Naidoo, CIO, Global Transactional Services, Corporate Banking.
About Orchestra Networks
Orchestra Networks, a pure-play, independent MDM software provider, was founded in 2000. With operations in North America and EMEA, Orchestra Networks has successfully addressed the MDM needs of their Global 1000 customers in multiple industries, including: Financial Services, Banking, Insurance, Manufacturing, Retail, Consumer Goods, Technology, Pharmaceuticals, Public Utilities and Global Logistics. www.orchestranetworks.com
FNB provides a diverse set of financial products and services to the retail and corporate market segments ranging from consumer, small business to large and medium-sized corporates, financial institutions, parastatals and government entities.
FNB also has a well established and expanding network of subsidiary banks across Africa. FNB currently has subsidiaries in Zambia, Mozambique, Lesotho, Swaziland, Botswana, Namibia and Tanzania.
FNB’s homepage is www.fnb.co.za