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 International 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.

About CoCoNet
CoCoNet is a market-leading provider of advanced e-banking software solutions for banks, corporates and service providers in various European countries. CoCoNet develops secure, high-end systems for financial transactions - built on latest technology and designed for international use. A key-solution of CoCoNet is the e-business application MULTIVERSA IFP International Finance Portal for banks and corporates. The web-based portal solution with centralised system architecture is multi-language enabled and focuses on high usability. The functional scope of the e-banking platform covers financial transactions such as payments, balance and transaction reporting (BTR), liquidity overview, cash pooling and forecast.