Global Transactions Services, a Division of First National Bank, South Africa Selects EBX
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.
Orchestra Networks' EBX5 MDM software is an end-to-end, model-driven flexible solution. Business users, data stewards and IT experts have the ability to collaborate on one single, unified platform and take advantage of MDM content and every feature, including: data modelling, hierarchy management, governance workflow or complex quality rules definition capabilities. The product's simplified business user experience puts companies on the fast track to achieving the strategic goal of managing and governing their most important asset: data.
"We are very proud that our EBX5 software continues to gain acceptance from organizations with sophisticated MDM requirements such as GTS, and also to announce our first major reference in South Africa." said Christophe Barriolade, CEO of Orchestra Networks.
Further information on customers using EBX5 is available from Orchestra Networks at www.orchestranetworks.com.
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
First National Bank South Africa
FNB can trace its origins as the oldest bank in South Africa back to 1838. The bank took on its current structure as a division of FirstRand Limited in 1998. FirstRand Limited is listed on the Johannesburg Stock Exchange and Namibian Stock Exchange and is one of the largest financial institutions in South Africa.
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