Saudi Hollandi Bank chooses Newtek-STERCI solution

Stelink as a financial messaging middleware hub is built using the latest technologies, which is state of the art and scalable, to cope with an increasing message traffic. Some of the salient features of the solution include: large volumes up to 40,000 msg/hour, easy to connect to application (API/Tuxedo, MQ Series, etc) and ready for new standards like SWIFTNet and XML It also includes an embedded Compliance Control filter - FircoSoft.

Stelink will provide STP for all SWIFT and SARIE messages with seamless integration into Saudi Hollandi Bank's future core banking system - Globus from Temenos.

"With the implementation of Globus as the new foundation of our IT infrastructure, we needed a new financial middleware hub and because of its proven track record providing solutions to meet SAMA SARIE for local payments in Saudi Arabia apart from providing similar solutions in Europe, Stelink was the obvious choice," opines Marius Cremer, Implementation Manager of SHB. "The various Stelink modules together with Globus will allow us to look at launching new products and better services to our customers."Another important reason that helped us decide in favor of Stelink is the availability of local development and support infrastructure of Steria's partner - Newtek Solutions," continues Marius Cremer.

"Stelink, with its SARIE implementation certified by SAMA, has all the advanced capabilities to meet SHB's business and technical requirements of today and scale directly to their needs and budget, supporting full e-business capabilities in the future," said Alain Fournier, Steria Branch Manager in Riyadh.

Newtek Solutions, a valuable partner to Steria in the Middle East, played a critical role in demonstrating Stelinks capabilities to Saudi Hollandi Bank. "STERCI and its flagship product Stelink are central to our strategy of providing banks in the Middle East with state-of-the-art Payments Infrastructure and Solutions," says Fawaz Abou Nasr, General Manager, Newtek Solutions.

"With 5 out of 9 banks using Stelink and SAMA being a major user of STERCI products, our promise was consistent with our image as a proactive support organisation, meeting stringent needs of a mission critical application like Stelink. This helped us win the tough evaluation process of Saudi Hollandi Bank", says P.T. Thomas, Senior Manager, Newtek Solutions.

Stelink has an installed base of over 100 banks across EMEA.