Brussels 22 May 2008: Fortis, one of Europe's largest financial institutions, has gone live with Framesoft Contract Repository 2 (FCR2).
After successfully using Framesoft Contract Repository (FCR) since 2000 for contract management and netting purposes, achieving a significant netting benefit, Fortis decided to upgrade to the most recent version of FCR.
FCR2, which is powered by Framesoft's new base technology platform FON, supports the rapidly growing user basis and increases working efficiency. Due to its FON application server, using a highly encrypted and efficient communication layer, FCR2 addresses data security requirements as well as performance issues when working across WANs. The new Framesoft document generation technology offers WORD like editing capabilities and RTF export (WORD compatible), simplifying documentation exchange with counterparts and further processing in the Office world.
Within the Fortis Group FCR2 will be used at Fortis Bank Brussels (including its branches in London, New York, Hong Kong, Singapore, Taipei, Shanghai), Fortis Bank (Nederland) in Amsterdam, Fortis Bank Global Clearing NV in Amsterdam, Fortis Investment Management in Brussels, Fortis Banque Luxembourg, Fortis Bank Polska, Fortis Securities LLC in New York and Fortis Energy in Houston. All locations being served by a server installation of FCR 2 located in Brussels without the need for replication nodes.
About Fortis
Fortis ranks among Europe’s top 20 financial institutions, with a market capitalisation of EUR 40 billion at year-end 2007. Together with ABN AMRO, Fortis has a presence in over 50 countries and a dedicated, professional workforce of more than 85,000. All this makes Fortis a leader in financial services in Europe, a top 3 private banker and a top tier asset manager.
More information is available on www.fortis.com.