Diamis and CoCoNet combine their expertise

February 19, 2009 - Diamis and CoCoNet combine their expertise to introduce joint solution for ETEBAC migration towards EBICS

Diamis and CoCoNet today announced that they have concluded a partnership agreement for providing the French market with a solution for managing the transition from ETEBAC to EBICS.

The solution is based on MULTIVERSA IBS Internatinal Banking Server, a multi-channel server for exchanges between banks and corporate customers. MULTIVERSA has been operating EBICS exchanges for years within some of the major Cash Management actors in Germany. It also includes a platform to develop complete service offerings ranging from value added features in payments remittance to comprehensive corporate treasury management.

Diamis and CoCoNet have jointly packaged a secure and scalable component that handles EBICS exchanges in France. The joint offering is two-fold: an EBICS starting kit that is packaged in accordance with the short timeframe of the ETEBAC migration project as well as the foundations to set up a full-fledged range of Cash Management services.

Marc Raimbault, CEO of Diamis said: > "Our joint effort is intended to secure the EBICS implementation process by providing the best-of-breed solution to our customers along with Diamis’ expertise in timely delivery and support of mission critical systems in the payment value chain".

Ulrich Lischewski, CEO of CoCoNet said: > "The partnership with Diamis affords our solution the capability to fully match the French market expectations and our role also includes commitment to align our product plan along with French-specific requirements and schedule".

About Diamis
Diamis is a leading supplier of payment and settlement solutions. Diamis provides comprehensive solutions that enable the Banking Community to reap the benefits of the European market infrastructures integration process (SEPA, Target2, CCBM2, Target2-Securities), through global liquidity management of cash assets and access to Clearing and Settlement systems, with CRISTAL and BPEACH software.
http://www.diamis.com/