Agroindbank Moldova & Foranx LLC announces a successful completion of the Temenos Core Banking upgrade project
In 2015 CB Moldova Agroindbank took a decision to upgrade their Temenos Core Banking software from R08 to R15.
The project was carried out with the participation and support of 'Foranx LLC', Belarus. During the project various tasks have been successfully completed such as - technical upgrade of the system, analysis of local developments made by Bank and adaptation thereof to R15 functional and facilities. New development has been done as well as a respective correction of existing local programs as regards to interfaces with external systems and database archiving.
This successful system modernization project will help improve the Bank's business.
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 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 acquired the status of system integrator and has the right to participate in Temenos Core Banking system implementation projects as a prime contractor.
About Moldova Agroindbank
CB Moldova Agroindbank is an innovative bank providing hi-tech financial services to all customer segments, individuals and legal entities, operating in most sectors of the national economy. The institution provides the widest range of banking services and products in Moldova. With its 25-year-long experience, Moldova Agroindbank strongly keeps its leading position on Moldova's banking market. The bank holds a share of 26.9% of total assets, 30.1% of total loans, 28% of total deposits, 30% of total private deposits and 24% of the total profit recorded by Moldova's banking system at 30.09.16. Besides commitments of a modern bank, Moldova Agroindbank actively involves in social, education, sport, scientific and cultural projects.