2008-09-09

Capinordic Bank A/S chooses Corniche banking system for its Swedish operations
Megasol Technologies is pleased to welcome Capinordic Bank A/S to its customer list. From September 1st 2008, the Swedish branch of Capinordic Bank will be operating on the Corniche banking platform including CornicheNet, the associated online banking solution.

A rigorous selection process between competing vendors led to signing of contracts between Megasol and Capinordic in May 2008 followed by production of certain new service elements including facilities to allow interchange between the Danish and Swedish Capinordic platforms.

Mårten Törnquist, President of Megasol Technologies noted that the addition of Scandinavian automation features such as Bankgirot, with its autogiro and payment services, when combined with the extraordinary flexibility of Corniche gave financial institutions in Scandinavia a new cost effective choice for totally integrated financial management solutions. He said "Megasol prides itself in the capabilities of its flagship product, Corniche. Besides offering a wide range of tools for account management, pooled investments, commissionable agents and true multiple currency operations, its CornicheNet online banking module is one of the most complete in the global marketplace. It is not good enough to provide superb facilities for the back-office if the client interface is neglected. Megasol pays attention to both, being driven by our customers to lead the market."

Capinordic spokesperson, Ulrika Nathhorst Jener, commented "It was important to Capinordic Bank A/S that its Swedish branch be fully equipped to perform in its marketplace offering the full range of services required by our customers. On the other hand, we needed to ensure communications with our Danish HQ and with third-party financial transaction automation services such as other banks. Corniche offered the performance and services we required at an excellent price."

Ulrika Nathhorst Jener continued "We required certain enhancements to meet existing data transfer needs and new service options. In all cases, the Megasol team was helpful and the resulting extensions to Corniche were delivered on time and within budget. I can best describe our relationship with Megasol as a partnership of friendship since that is the way in which Megasol operates its customer relationships."

Megasol Technologies is a leading producer of financial software and is based in Uppsala, Sweden. For further information, contact Paul de Freitas, Director of Customer Services on +1.800.969.7415 or +46.18.604930.

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2008-01-22

Corniche interface to Opus Financials iPayment Gateway is completed

Megasol Technologies announces that it has completed the integration of the Opus Financials (http://www.opusfinancials.com) iPayment Gateway including support for EBSG cards.

These cards are accepted at over 1 million PLUS, CIRRUS and STAR ATM locations worldwide, and at tens of millions of Interlink, STAR and MAESTRO Point of Sales locations. Integration including testing was accomplished in just a few days due to the modular approach adopted by Megasol in its interface design which quickly allows protocol adaptation to new systems without having to change underlying base code.

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2008-01-15

OdysseySuite to be renamed to Corniche

Megasol Technologies announced today that under an agreement with Odyssey Group SA of Luxembourg who provide banking components under the name Odyssey, Megasol will bring forward the planned 2010 change of name for its full banking platform, OdysseySuite, to February 2008. 

The new name for the product, Corniche, was selected after careful consideration of normal use, meaning and ability to be trademarked. A corniche is a winding road cut into a steep hill which through its terrain-hugging flexibility makes a tricky ascent easy. Megasol’s Corniche is a flexible, task-oriented application capable of configuration to meet the needs of most financial operations and which through it’s wide array of wizards, makes the trickiest of tasks easy.

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2007-12-31

Megasol exhibits at MEFTEC in February 2008

The Middle East Financial Technology Exhibition in Bahrain is hot – it’s the place to find the hottest technology, both hardware and software, for the financial industry. Megasol Technologies will be showing its Corniche platform for traditional western banking . In addition, Megasol will be demonstrating how Corniche can support Islamic banking with little change.

The reason for this is the flexibility built into the Corniche structure including self-managed language changes and flexible service charge and fee schemes consistent with what is allowed by Shari’ah. 

Visit Megasol at booth X2 in the Exhibitor Hall between February 11th and 12th 2008.

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