Aozora Bank signs global license agreement for GoldenSource Enterprise

Wednesday 27 April 2005 09:34 CET | News

Aozora Bank, has licensed the GoldenSource Enterprise suite, to begin an ambitious program to radically improve its technology and processing infrastructure to support significant increases in processing volumes while reducing associated processing costs.

Aozoras strong management team is seeking a single source of truth from a Golden Copy of customer, counterparty, and securities data for all processing applications. In their selection of GoldenSource as the foundation for powering Aozoras data repositories, the Banks executives give recognition to the value that GoldenSources Enterprise suite of applications will bring to Aozora. It is the ideal platform to provide this integrated source of truth, while eliminating costly duplicate data maintenance and providing consistent information to all processing applications across the organization as needed. Aozoras Technology Division licensed the full GoldenSource Enterprise Data Management suite, GoldenSource Accounting and GoldenSource Actions. Aozora is implementing the GoldenSource solution to build the enterprise data foundation to power data management and operational systems. Aozora will use this foundation to establish a robust infrastructure in support of leading edge risk management and analytics. GoldenSource transforms a financial institution from multiple disparate master files and incompatible systems into an integrated financial enterprise, without the costly replacement of legacy systems. GoldenSource connects and powers the entire range of transaction and decision systems spanning: front office, client service, risk, regulatory, compliance and back office functions. GoldenSource improves information quality and efficiency and delivers a substantial return on investment by reducing operational costs, as well as supporting strategic risk management and revenue generation initiatives.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce