Rubikon Banking platform drives Bank Monarch in the UK

Bank Monarch UK has signed up for Rubikon banking platform. Bank Monarch Ltd is the UK arm of the US incorporated Bank Monarch Group. Bank Monarch’s strategic objective is to position themselves in the front line of leading credit organizations in the finance market through the provision of high-level banking services that meet the modern expectations of their customers.
Bank Monarch’s strategy and top priorities will be; the development of small and mid-size entrepreneurs, full service offerings for corporate clients, operating in financial money markets and the development of partnerships with international financial institutions.
Rubikon will provide the complete set of banking systems solutions at Bank Monarch for retail, corporate, treasury and trade services. The initial implementation will be for the UK operations with the expectation of subsequently rolling out Rubikon into other sites world-wide.
Rubikon’s modern web-based architecture, rules-based integrated business process management capabilities, model-based products and services factory, combined with continuous operations thanks to the virtualisation of the end-of-day processes that will enable Monarch to realize a rapid return on investment.
According to Alan Goodrich, who led the sale for Neptune, we are tremendously excited and pleased to be working in partnership with Bank Monarch helping them fulfil their plans for the UK and international expansion. Bank Monarch first started evaluating Rubikon around 10 months ago against some stiff competition. The head of IT at Bank Monarch, through his role as CIO at a National Bank, had first-hand experience of one of our main competitors and had been through an in depth selection processes in the past, so we had to be better than the best!”
Simeon Agu, chairman of the board of Neptune Software group vendors of Rubikon, said that it is a major breakthrough for a company whose odyssey started in Nigeria in the outfit called Computer Systems Associates (CSA). “Having arrived in Europe’s financial capital, we now expect to join the big league given the currency of Rubikon’s technology”.
Neptune Software plc has been established for 10 years supporting the system requirements of many diverse types of banks and financial institutions. In the last 5 years Neptune has invested heavily in bringing expertise in the latest open technologies to the company to ensure that its products continue to meet the most complex requirements of its customer base whilst ensuring that the solutions are provided in an open, user-friendly and totally secure environment. These technologies have enabled Neptune to incorporate into its Rubikon products many elements that are normally external to the core banking systems and involve many suppliers. Workflow Management, Exception Management, Channel Management, Data Repositories are integrated into the solutions providing an environment that requires minimal manual intervention.
Neptune has partnered with over 70 banks and financial institutions worldwide. In 2008,
Neptune achieved a top 5 ranking in the IBS Sales League of international banking systems vendors.