Diasoft, a global provider of cutting-edge software solutions for financial institutions, is shortlisted in “Cloud Computing Innovation of the Year” category of FSTech Awards 2014 jointly with BFA Bank.

Now into its 14th year, the FStech Awards recognizes excellence and innovation in the field of information technology within the UK and EMEA financial services sector. Diasoft and BFA Bank fended off competition from numerous of entries to be shortlisted in “Cloud Computing Innovation of the Year” category. The shortlisted companies of this nomination demonstrate excellence in the area of cloud computing for 2012/13, including new strategies, evidence of success by utilizing the cloud, and how the cloud computing innovation has brought customers cost and efficiency benefits.

Diasoft and BFA Bank are recognized by FStech Awards for the complex automation of retail business of the bank through implementation of innovative FLEXTERA solution.  
In order to deliver the system in the shortest timeframes Diasoft offered to BFA Bank a radically different approach to building a banking environment – implementation of its cutting-edge FLEXTERA based on innovative cloud infrastructure.
 
Cloud deployment of FLEXTERA allowed the bank to acquire numerous benefits, including flexibility and scalability to meet the growing business demands, reduction of IT costs and resource sharing among a large number of users.

“Recognition from one of the leading IT associations on their best-of lists is a one more proof point that the financial institutions around the globe are benefiting from Diasoft`s cutting edge solutions available for cloud implementation”, said Dmitry Zubarev, CEO, Diasoft. “Today all of the FLEXTERA Products are available for Cloud Deployment — an alternative to the on-site implementation of an application. Cloud technology allows small and mid-size financial institutions to easily get access to the infrastructure, platform and software, and ensures considerable time and budget savings already at the implementation stage”.
 
This year Diasoft launched a private cloud service, allowing for customers screening against Public Officials (PO) and Politically Exposed Persons (PEPs) lists. New cloud service from Diasoft - “Screen your customer!” - is used for the automation of business processes of financial institutions in accord to the requirements of the Law "On Anti-Money Laundering and Combating Terrorism Financing".
 
FSTech honor reflects Diasoft`s consistent record of delivering the solutions that financial market needs to simplify operations, minimize costs and gain secure IT infrastructures. Recognition from FSTech come on the heels of numerous other accolades for Diasoft – the company is positioned as a leader in Gartner Magic Quadrant for International Retail Core Banking, included into the FinTech 100 ranking of the Global Technology Providers of the Financial Services Industry, awarded with the “Best IT-solution” accolade by Retail Finance Awards 2013, named to Software Magazine’s 31st Annual Software 500 ranking among other recognitions.