iFinancial
HQ Address
5 Hare Hall Lane, Gidea Park, Essex RM2 6BD, United Kingdom
Website Address
Business introduction
International Financial Systems (iFinancial) was founded in 1983 as a group of IT consultants that provided implementation services to banks on IBM mid-range and other banking packages that were in their infancy at that time
By 1991 we had reverted to our roots of software authors and began trading as Criterion Banking Software. We also announced the first of our software products
BankWare DOS, which very soon replaced one of the IBM mid-range solutions in 1992. From there it went from strength to strength as PCs and networks began to replace the mainframe and minicomputer.
In 1999 with the growing awareness of the Internet and its potential for revolutionising the way that banking services were delivered to the end user we introduced iBank as an integrated front-end to BankWare and other legacy systems.
International Financial Systems
We changed our name to International Financial Systems in 2001 to reflect our growing international presence and the diversity of our customer base and the services that we were offering to them.
The first release of BankWare.NET was released in 2005 as a replacement product for BankWare DOS. Over the following years, it was rolled out to our existing BankWare DOS customers who were unable to upgrade their system without payment of additional licensees or the need to rekey data. As far as they were concerned it was a simple and seamless technology change.
Around that same time with the growing awareness and impact of Sarbanes-Oxley Act, FATF and the EU anti-money laundering directive we started working in collaboration with our customers on some new software which forms the foundation of what we now know as AMLtrac.
iFinancial Solutions
Cumulus
Cumulus is of particular interest to fund managers and solicitors and any institution where there is a need to segregate client money from operational funds. It is invaluable to charities and associations who might have the money held in many bank accounts and do not get the benefit of managing those......
