Petra Financial and CB.Net Further Strengthen their Partnership
London, UK, 14 July 2008, Petra Financial a leading provider of Payments Data Automation Software and CB.Net ltd, a global reference data provider, today announced the strengthening of their existing partnership for the provision of payments reference data combined with process automation software tools.
CB.Net data will be integrated into Petra Financial's software solutions, Touchstone, Vortex and Clarion. By offering their products both on line and as SaaS (Software as a Service) with integration into banks' legacy systems only taking between two and four weeks testing time included, Petra financial are breaking new ground in the payments software arena. Working with Petra are former CB.Net Professionals, assisting banks and corporates in selecting the best business solutions to meet their payment needs, these solutions include, innovative and intuitive payment services which are flexible and cost effective.
John Burton, Marketing Director at Petra says, "We are delighted to have reached this agreement with CB.Net that will allow both of us to focus directly on our core business - payments data provision and payments data as information - to the benefit of our clients."
Ian Dunning, managing director CB.Net ltd says, "We are very happy to be strengthening our partnership with Petra Financial. It has long been clear that optimum performance is achieved when payments software is integrated with high quality reference data, Petra Financial's solutions offer highly intelligent Payments Data Automation systems integrated with accurate and high quality reference data, a must for today changing payments landscape."
The companies have had a close partnership arrangement for some time and their Marketing Services Agreement has only strengthened that partnership. Petra Financial CEO Dave Sinclair, commented, "Our partnership with CB.Net has been excellent to date and I believe that it will now go from strength to strength and our customers will see even more benefit. Our aim at Petra has always been to deliver real value to our clients in a way that makes it easy to do business with us."
About CB.Net
www.cbnet.info
CB.Net is a data provider dedicated to the delivery of reference data solutions to the global banking community. Established in June 2000 by a group of ex-bankers and IT professionals, London-based CB.Net recognises the importance of reliable reference data in meeting compliance requirements and bringing cost savings and greater efficiency in international payments. The strategic focus of CB.Net's Payments Reference Data Service (PRDS) is to develop products and solutions for the international payments industry.
CB.Net's flagship product, BankSearchPlus ™, is the definitive global payments reference database, delivering complete international and domestic operational payments data in one single source. BankSearchPlus ™ is available as a web-based query tool and as a data feed directly into back office systems for integration into payments and back office systems. BankSearchPlus ™ helps financial institutions to make payments more efficient and reduce the risk in payment operations. The service delivers accurate and timely bank co-ordinates and other related payment data to enable users to identify and validate information. Updated daily, CB.Net is the official provider of the EPC SEPA Adherence database, the EBA Priority Payments Central Repository and is an active member of SWIFT Partner Solutions and also an associate member of the EBA
About Petra Financial.
Petra Financial are the leading provider of payments Data Automation software they have developed a unique range of payments and SWIFT messaging products that includes, web based payments processing; reference and financial data modules; OLAP reporting and system integration tools; exceptions and investigations case management; and integration with SWIFT services including Accord. All products are supplied with integrated payments reference data that is updated daily, and are trusted globally by some of the worlds leading institutions.
Petra's Innovative approach to delivering solutions as Software as a Service means that customers pay for what they use, and as they go. This has significant benefits to integration and operating expenses.
Media Contacts
CB.Net:
Fiona Spencer
Fiona,spencer@cbnet.info
+44(0)20 7522 6094
Petra Financial.
John Burton - Marketing Director
johnburton@petrafinancial.net
+44(0) 7990 560 046
