Global Banking Factory
The route to low risk modernisation
of banking & finance solutions
The banking dilemma:
Inflexible legacy systems; a demanding marketplace that needs responsive new products; restricted budgets.
The need to modernise a banking system just to remain competitive has never been more pressing.
Piecemeal replacement of vulnerable system essentials with stable software components, platform independent,
functionally rich and proven technology.
The solution: IBAS Global Banking Factory
IBAS comprises a modular suite of products, Incremental automation
encompassing functions such as core banking, IBAS offers the exact extent of system automation
Internet banking, trade finance, accounting systems, that the bank and its infrastructure require. The
loan management, clean payment and forex & starting point can include a high level of manual
money market. Based on a single core system, IBAS intervention, to reflect the present system, and the
uses a series of integrated common tables, rules and processes can be increasingly automated as
objects, presented within an efficient and user- confidence in the solution grows. Web-based
friendly graphical user interface. technology allows the corporate or individual client
IBAS is Java based, platform independent, and can to determine the point of data entry if desired,
integrate with any existing bank operating systems, minimising the bank’s workload. The system
including Unix, Windows and OS/400. IBAS uses supports migration from a manual to a fully
industry standard SQL databases, and only requires automated system with the ability to test and assess
the installation of a Java Virtual Machine (JVM) to the individual steps towards automation.
facilitate the IBAS Application Server and Web Electronic user
based User Interfaces. An optional Web server can The software supports a flexible set of parameters,
be installed to facilitate access to the Java Applets allowing it to operate intelligently, reducing potential
and HTML documents. costly operator errors. The intelligence results from
IBAS’ Java architecture provides key benefits that an electronic user that initially supports and then
include integrated security, easy scalability and replaces manual operation as system automation
extremely low distribution and operating costs. No progresses. The electronic user can also guide the
software from CBA is installed on the users’ PC. operator through the bank’s processes and policies,
This goes for both the employees in the bank, and for benefiting both bank and client. The IBAS clients
the banks’ customers where a front-end solution is in that achieve some of the highest STP payment rates
place. This centralised installation setup serves to in the world rely heavily upon the electronic user.
markedly reduce the Total Cost of Ownership, as Intuitive processes
well as facilitating system updates at any time
Automation and sophistication underpinned by user
without large installation and conversion projects.
focused ease of operation. Intuitive sequences allow
The development methodology ensures that the
easy assimilation of other functions. The software
same system handles different countries, currencies,
supports user profiling, enabling the operator to work
languages, banks, etc, without the need for
in their preferred language and allowed function
subset, no matter where they are working. Functions
outside the working requirements of the operator are
unobtainable and therefore protected.
Lowering cost of ownership
Reusable stable code reduces the cost of ownership,
including development, installation, implementation,
testing, training and production. Standard and
common objects and components minimise the cost
of maintenance, while a flexible, parameterised
system allows interfaces to legacy systems to be
created in a fraction of the time.
Internet Banking and E-commerce International standards
Java based and web enabled, IBAS makes it IBAS is designed to allow automatic update through
easy for banks to specify the right amount interfaces with ISO standard databases. This allows
of e-commerce and Internet banking to suit incremental and selective replacement of those
their needs. IBAS can operate in any proprietary data by ISO standard databases and
technology environment and allows the information
bank to implement new business channels when sources. In S.W.I.F.T.
infrastructures permit. turn, this
improves STP ISO
IBAS has been developed from scratch, with no reduces UN
hidden core code built from older technology. The software
Java objects that are used to accommodate maintenance EDIFACT
fundamental banking functions have been proven for costs.
years within client banks. IATA
IBAS is a result of CBA’s innovative development
Java is renowned for its inherent security. The
environment, populated by 50% bankers and 50%
system is further enhanced by allowing interfaces
Java developers. The solution reuses code many
with the bank’s preferred security solution including
hundreds of times, eliminating traditional
smart cards, digital certificates and encryption
programming errors by relying on stable and
solutions amongst others.
extensively tested objects. For example the payments
solution can encompass domestic and foreign, mass Future proof
and single, customer and bank payments. IBAS benefits from being a fresh solution, free from
The same components can span payments in trade legacy content. Its component-based architecture
finance, forex, money market, currency loans, clean simply and safely integrates additional functionality
payments, deposits, credits, and securities. and extends the scope of the system. The flexibility
of IBAS keeps you ahead in the banking business, by
allowing new business channels to be opened quickly
Fully assembled, the objects and and new products to be launched on the fly.
the components form a stable
Parameterisation of the components, specific
banking solution. Individually, the integration enabling objects and configurable
messaging allows integration with most legacy
objects and the components systems.
replace and modernize, saving IBAS’s rich functionality supports incremental
implementation. The software provides for back-end
costs and preparing for the future. and front-end solutions to be integrated either in
whole or in part.
Highest STP payment rates
IBAS achieves some of the world’s highest STP
IBAS is platform independent and allows hardware
payment rates, reducing costs
changes to take place while the bank’s software
by eliminating potential
solution remains stable and intact. As well as
operator errors from manual
possessing its own fully functional messaging platform
data input and repair.
it can integrate with and use industry standard
services and all message formats, as well as providing This enables the bank to increase the STP payment
interfaces into middleware. Therefore the system rate to a minimum of 80%, while parameterisation
allows the bank to migrate towards a solution and increased use of the IBAS electronic user
without middleware if required. Independence of facilitate progress towards the highest STP rates
technology also encompasses databases, which can be achievable for the bank.
chosen using parameters to suit the bank such as
“best of breed”, and internally supported skill set.
The company: Commercial Banking Applications AS
Established in 1983, CBA is a Norwegian software
house with a proven international track record.
CBA develops and markets state-of-the-art total
solutions for the banking and finance community
come together under the collective title of IBAS –
International Banking Automation System.
CBA & SWIFT
CBA has co-operated closely with SWIFT since
CBA’s IBAS Solution was the first software to be
awarded a SWIFTReady Gold label in the Multi
Markets in 1998.
IBAS’ continued adherence to SWIFT’s criteria has
resulted in consistent revalidation of its
SWIFTReady Gold label to date.
q CBA guarantees high STP rates when using
IBAS for outward SWIFT payments.
q The brand new IBAS Global Payment Factory
offers banks STP quality levels up to 100%.
q IBAS is the only banking software to currently
hold the SWIFTReady Gold label in Multi-
q CBA is synonymous with efficient projects,
completed within time, budget and resource
Modern solutions for banking Norway
& finance Email: email@example.com
Tel: +47 22 80 15 00
Fax: +47 22 80 15 90
“Made for bankers by bankers” www.cba.no