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Finnova S.a.r.l. and IBM (NYSE: IBM) announce a cooperation agreement aimed at satisfying demand for integrated IT solutions in the Luxembourg banking market. Private and universal banks can expect an end-to-end solution that includes banking software provided by Finnova and hosting, application management and implementation services provided by IBM. Focused on IT cost reduction and operational excellence based on the Finnova multitenant tower concept, IBM and Finnova offer a turnkey solution for private and universal banks. Finnovas solution enables several banks or tenants to share the same banking software. By implementing a model bank with a single database and business logic that is shared by several banks, the solution facilitates cost savings on application...
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