IBS Group Developed New Solutions for Financial Institutions

Feb 12, 2013, 09:38 ET from IBS Group Holding Ltd

RAMSEY, Isle of Man, February 12, 2013 /PRNewswire/ --

Please refer to relevant legal information at the end of the document

IBS Group, a leading software development and IT services provider in Central and Eastern Europe, announces that IBS IT Services, a member of IBS Group, has launched new solutions for banks and insurance companies based on the IBM BPM (Business Process Management) platform. IBS IT Service's practice is among the largest in Russia by number of IBM BPM certified engineers.

The banking and insurance sectors, which view continuous improvement of customer relations efficiency as an essential task, are among the major users of BPM products. For banks, IBS IT Services offers IBM BPM-based Product Factory and Loan Factory solutions. With Product Factory, banks can streamline the processes of creation, approval and marketing of new products, enhancing the ability to successfully respond to market challenges and getting an edge in the highly competitive banking market. The Loan Factory solution expedites and automates loan origination without increasing the risk exposure by cutting the number of borrower check stages.

IBS IT Services has formed a dedicated professional team to run IBM BPM implementation projects, providing in-depth training on the product and certification as Developers, Specialists, Programme Managers, Business Process Analysts, and System Administrators.

To launch the new products, IBS experts have implemented standard models of the Product Factory and Loan Factory solutions in a banking industry, developing product testing showcases for potential clients.

About IBS Group Holding Limited

IBS Group is a leading software development and IT services provider in Central and Eastern Europe. Through its two principal subsidiaries, Luxoft and IBS IT Services, it offers a wide variety of information technology services, such as software development and IT services outsourcing, IT infrastructure and business applications implementation. IBS Group has business operations in Russia, Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA, Vietnam and Singapore. IBS Group employs more than 8,300 people worldwide. In the year ended March 31, 2012, the Group reported US GAAP consolidated revenues of USD816.3 million. IBS Group's Global Depositary Receipts are listed on the Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.F)

For more information about IBS Group please visit href="http://www.ibsgr.com/">http://www.ibsgr.com

Disclaimer The information contained in this press release is not for publication, distribution or release, directly or indirectly, in any jurisdiction where such publication, disclosure or release would be unlawful. This press release does not constitute an offer for the sale of securities in the United States of America, Canada, Australia, Japan or any other jurisdiction in which an offer would be subject to legal restrictions.

SOURCE IBS Group Holding Ltd