Oct 2011

Syncordis and EFS Technology entered into partnership. Together they will offer the T24 banking system with seamlessly integrated solutions for output and document management.

Press Release

Sept 2011

New regulatory requirements to be adhered to:

As from Oct 2011 the BOP or Balance Of Payment reporting undergoes a first change (BOP 1.1), to be completed by a second change (BOP 1.2) as from 2012. Also, as from Januay 2012, the new report «Collecte des données sur les instruments et les opérations de paiement» has to be produced.

« Syncordis accompanies its Luxembourg clients when upgrading their reporting and making it compatible with the new requirements. »

Sept 2011

On 30 September Internaxx successfully implemented 2 new T24 Modules: Money Market (MM) and Nostro Reconciliation (NC).

Aug 2011

Internaxx signed with Syncordis to upgrade their Temenos T24 system to release R11.

Aug 2011

On 05 August Eurobank EFG successfully migrated their Funds Transfer Agency Business onto Globus/T24. Syncordis proposed and implemented a global solution using the Eurobank EFG Globus/T24 Banking system as a TA system. This is to our knowledge the first time T24 is being used as a Mutual Funds Administration system. It shows once again the flexibility of the Globus/T24 Banking system. The TA business has been implemented as a new and separate Globus/T24 company alongside the private banking activity, thus taking advantage of shared files.

« Funds Business is extremely important in Luxembourg. T24 offering possibilities to cater for both, Private Banking and the Funds Business, opens doors for banks that prefer a single vendor solution and might consider changing system. For more information, please do not hesitate to contact us. »

July 2011

Commerzbank Luxembourg upgraded their system from T24 R07 to

T24 R10.

May 2011

On 01 May EWUB migrated from their previous proprietary internet banking system to the T24 ARC IB module. The latter provides the bank with a fully integrated IB system opening new functionalities to clients. The ARC IB module has been customized to the Bank’s needs by Syncordis. It now offers internet users a secured, flexible and user friendly platform allowing them to view their assets and safely perform funds transfers on-line.

Apr 2011

Syncordis implemented the Interest Rate Swap or IRS module for the Paris branch of KBL.