DataMatrice™ selected as preferred Data Transformation tool by Bank SNORAS

DataMatrice™ a unique data management tool developed by IDEALINVENT technologies has received another feather in its cap. It has been selected by Bank SNORAS, Lithuania for migrating data from the new core banking system to new accounting system (Finstudio, by Finarch) being implemented. Bank SNORAS has selected DataMatrice™ for its ability to comprehensively handle all data transformation requirements including regulatory reporting. IDEALINVENT team would also render professional services in analyzing and handling end-to-end data migration activity for the bank.

DataMatrice™ is a data management tool that seamlessly handles reporting, interfaces and customer outputs to meet the specific needs of the BFSI sector. DataMatrice™ is designed to meet industry specific requirements (like SEPA, PATU, SWIFT etc) for interfacing with clearing exchanges, utility payment service providers, electronic-post offices as well as handle rate uploads. It provides a payment gateway to handle protocols and has detailed back reporting ability for all transactions. DataMatrice™ can be configured to automatically execute routine end - of - cycle processes and report status messages through email or SMS.

Within eighteen years of its establishment, Bank SNORAS has become one of the largest banks in Lithuania. Having the most expansive and state-of-the-art territorial customer service network in the country - 10 regional branches of the bank, 13 branch outlets, 232 territorial units and 338 ATMs - AB Bank SNORAS has successfully consolidated its position in the Lithuanian retail banking market and has expanded its reach in the European Union member states.

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IDEALINVENT Technologies
Pvt. Ltd. Tower Block 1, Office Block 2 - 1st Floor Global Village SEZ,
Mysore Road, Bangalore 560 059
Tel: +91 80 2860 8105 / 8107

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