To allow for continued expansion and offering an expanded range of products and services in Sweden and later on to new markets, Exchange Finans opted to invest in a new banking platform from IDEALINVENT.  IDEALINVENT was chosen amidst stiff competition from other vendors.

With Corniche Banking Solution and DataMatrice™, Exchange Finans will get a scalable solution with support for teller operations, loans, deposits, cards, domestic and cross border payments. The solution also includes support for reports, AML and analytical CRM.

“The main reason for the choice of the Corniche Banking Solution is that the system is well suited for our business needs. It is important for us to choose a provider that can help in the further development of Exchange Finance," said Umit Adis CEO, Exchange Finans.  Important in the selection has also been IDEALINVENT's knowledge and understanding about the industry.

“Agreement with Exchange Finans strengthens our already strong presence in the Nordic and Baltic countries and is also strategically important because Exchange Finans will be the first customer for our new cohesive product line Corniche Banking Solution," says Mats Esbjörnsson, Director IDEALINVENT AB.

IDEALINVENT’s Swedish Team will lead the project with technical support from its India Development Centre at Bangalore and strategic partner, Megasol Technologies, Sweden.

Exchange Finans was founded in 1996 in Stockholm by Umit Adis and Kenan Anter. Exchange Finans is one of Sweden’s leading currency changer, and credit market company with 10 centrally located branches and 75 employees .The company provides cash handling, loan and deposit services with the state-provided guarantee of deposits More information about Exchange Finans at: http://www.exchangefinans.se/