JAKARTA, 29 AUGUST 2006 -- Decillion Solutions Group, a NEC company, today announced that it has signed a collaboration agreement with PT. Finnet Indonesia to offer SWIFTNet connectivity via Decillion’s Service Bureau to financial institutions.
Through the collaboration, Decillion Solutions and PT. Finnet will manage and maintain these services over secured and reliable network infrastructure and telecommunications facilities in Singapore and Indonesia, offloading significant resources within financial institutions for better operational efficiencies. This will enable financial institutions in Indonesia to access SWIFTNet without having to maintain expensive software, hardware servers and communications links by themselves. Customers of the Finnet SWIFT Service Bureau will also enjoy 7x24 operations and state-of-the-art technology, which ensures full resilience, availability and operability.
The secured and managed Service Bureau provides users with a single “window” to access SWIFTNet services such as FIN messages, FIX for settlement processing in the Securities industry and other value-added services including inter-bank payment, message transformation and anti-money laundering checks.
“The key benefits of the Finnet SWIFT Service Bureau will be cost savings that our customers will enjoy when they outsource their SWIFT connectivity, without compromising operational efficiency, data security and business availability,” said Mr. Thomas Lee, Group Managing Director, Decillion Solutions. “We anticipate annual savings of over 25% to 50% for institutions who sign up for the Finnet SWIFT Service Bureau.”
To date, over 25 financial institutions are using the Decillion Service Bureau. “This collaboration demonstrates Finnet’s commitment for the financial industry in ,” said Pak Budi Siswanto, President Director of PT. Finnet . “Financial Institutions needs to focus on their core business and offloading these operations to trusted and world-class service providers. Indeed, we are pleased to play a significant role in helping the financial industry improve their business efficiency over the long term.”
About Decillion Solutions Group
The Decillion Solutions Group, an NEC company, is headquartered in with offices in Kuala Lumpur, Bangkok, Sydney, Shanghai and a representative office in Jakarta . Decillion Solutions is a niche banking IT company with a sharp focus on providing 'best of breed' banking applications, SWIFT Service Bureau, Payment Systems, Trade Processing and 'Straight through Processing' (STP) solutions to financial institutions in Asia Pacific Region.
Decillion is recognized as the official Business Partner and Service Partner of SWIFT for South-East Asia and South Pacific region with an established record of over 500 successful SWIFTAlliance and related Installations and service provision to more than 200 financial institutions.
About NEC Corporation
NEC Corporation (NASDAQ: NIPNY) is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 150,000 people worldwide and had net sales of approximately 4,825 billion yen (approx. $41.2 billion) in the fiscal year ended March 2006. For additional information, please visit the NEC home page at www.nec.com
About PT. Finnet
PT. Finnet is a transaction management company primarily focusing on switching and shared transactions settlement for all business entities, especially financial institutions. And Finnet’s also provide commercial and legal framework that develops network sharing between Banks, Utility Companies, Payers, Card Issuers, Collecting Agents, Merchants, as well as technical platform works best for all parties involved.
With a strong network infrastructure both fixed and mobile, and its broadest coverage, the PT. Telekomunikasi Indonesia, Tbk (TELKOM), through its fully-owned sister company, PT. Multimedia Nusantara (METRA), has established the FINNET INDONESIA, as a joint-venture company with PT. Mekar Prana Indah (MPI), a company of The Yayasan Kesejahteraan Karyawan Bank Indonesia (YKKBI).
Finnet is dealing with providing integrated solution services for financial transaction in banking industry, financial institutions as well as other related industries.