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Xeon News

Xeon and Parascript Working Together


October 2012

AFCU

Xeon signs an integrator’s agreement with US based Parascript.

Renowned for their pattern-recognition, handwriting-recognition, and image-analysis technologies for more than two decades, Parascript’s automation solutions have helped financial organisations save billions in data entry expenses.

By converging check recognition, forms recognition, and signature verification into one product, Parascript enables Xeon’s solutions to fully automate check processing.

Xeon’s check scanning solutions:

  • Process personal checks, business checks, substitute checks (IRDs), cash tickets, deposit slips, and all types of similarly formatted documents.
  • Handle documents in a real-life mixed stream, featuring different formats, backgrounds, noise, writing styles, and text quality.
  • Detect and verify signatures to ensure the industry’s highest accuracy rates in detecting random and skilled forgeries.
  • Identify mismatches between check amounts written in numbers (courtesy amount) and letters (legal amount), thus providing an added element to detect counterfeits and alterations.

Xeon starts a new project in the UK


January 2012

Xeon starts a new Siebel Branch Teller project in the UK. The client operates in 25 countries via its network of over 1,000 branches and kiosks. The client is a leading financial institution with an EBITDA of over 50 million GBP for the first half of 2011. Among other activities Xeon will focus on:

  • Porting Siebel Branch Teller to tablets for use by relationship managers
  • Localising the system so that it can be rolled out to 25 countries in a variety of languages, alphabets, currencies and regulatory environments
  • Integrating Siebel Branch Teller to back end accounting and client management systems

Xeon completes engagement with Vakifbank


August 2011

After an aggressive expansion in 2010 and 2011, Vakifbank in Turkey now supports Siebel Branch Teller with its own internal IT department. Vakifbank opened 100 new branches in 2010 and continued that expansion into 2011. The bank now has 670 branches, over 12,000 employees and a base of more than 11 million customers. Xeon is delighted to leave Vakifbank self-supported with a branch network that supports such a large customer base.

Xeon Presents at the American Banker's Convention


March 2011

Xeon director Fergus White speaks to an audience at the American Banker’s Best Practices in Retail Financial Services Convention in Miami. The presentation, hosted by Oracle Financial Services, is entitled “Best Practices in Branch Systems Modernization” and is billed to:

  • "Hear Oracle and financial services experts share experiences and lessons learned from implementing a next generation teller platform. Learn key drivers and benefits delivered from adopting a customer centric strategy to enhance customer experience while improving sales. Understand what to expect from this journey as well as how to determine and measure success factors."

Along with Steve Hilton, Director of America First Credit Union, Fergus brings the audience through AFCU’s journey from a terminal based Teller solution to one which now boasts:

  • An intuitive browser based front end which has eliminated teller training on the Teller application
  • Check 21 compliance and check scanning at the counter
  • Near paperless operation and archival of electronic documents
  • Electronic signature capture at the counter
  • Card swipe and PIN verification at the counter
  • A true customer centric focus
  • Full integration to cash dispensers and cash recyclers

Roll out of Siebel Branch Teller Completed for AFCU


November 2010

Xeon assists America First Credit Union to complete the roll out of their Siebel Branch Teller solution. The solution is in over 100 branches in Utah and Las Vegas, supporting half a million members and over 40,000 branch transactions per day. The solution gives AFCU full Check 21 capabilities and near-paperless processing in branches. Each teller’s system is integrated to card swipe and PIN, signature capture, check scanning and a cash dispenser or cash recycler. An in depth member relationship console gives all users a 360 degree view of each member. Supervisor authorisations can be performed at the teller’s workstation or from a remote location. Back counter and head office departments such as audit, accounting, payment services and lending have additional functionality to suit their needs. Immediate cost savings have been realised due to:

  • Reduced teller training costs, by moving from a console system to an intuitive Java interface
  • Elimination of some 10 million transaction slips per year
  • Elimination of courier costs for handling checks
  • Reduced check clearing fees by moving from a paper to an electronic system
  • Reduced archiving costs
  • More efficient processing of wire transfers

Roll out of Siebel Branch Teller for AFCU continues


July 2010

Xeon assists America First Credit Union in the roll out of their Siebel Branch Teller solution to additional branches. An Xeon team travels to southern Utah USA to be available for on-site support to tellers and branch managers as the system goes live in that region. The branches in the region are all successfully ported to the new Teller system.

Xeon commences work with Raifeissen Bank, Croatia


June 2010

Work commences in Raifeissen Bank Croatia (RBA) to upgrade the bank's Siebel Branch Teller application to EJB 2.1 on Websphere 7.0. Following the withdrawal of support for IBM WAS 6.0, RBA decided to upgrade their technology and their support arrangements. Xeon has been tasked with leading the project to be delivered later in 2010.

Xeon is the prime support for Welcome Financial Service's Teller application


May 2010

Welcome Financial Services signs an extended support contract for Xeon to be the prime support for their Siebel Branch Teller application.

Xeon director Fergus White reaches the summit of Mount Everest


May 2010

AFCU

As part of an international team of mountaineers, Xeon director Fergus White reaches the summit of Mount Everest on May 23. He’s pictured in the “death zone” on supplementary oxygen just below 8,000 metres. His team included Khalid AlSiyabi, who became the first person from Oman to summit Everest and also Carina Raiha, who became the first Finnish woman to summit. Fergus has since returned from his adventures and then traveled to America First Credit Union to further enhance their Siebel Branch Teller system.

Xeon directors and staff meet with the President of Ireland Mary McAleese


March 2010

AFCU

Xeon directors and staff meet with the President of Ireland Mary McAleese in Ankara on her official visit to Turkey.

From left: Frainc Reid (Xeon director), Patricia Wilocq, Usama Rashwan (Xeon developer), President of Ireland Mary McAleese, Dr. Martin McAleese, Youssef Mohammed Aly (Xeon developer), Fergus White (Xeon director), Raul Vera (Xeon developer), Karina de la Vega (Xeon developer), Rodrigo Salgado, (Xeon developer), Mrs. Salgado.

Xeon releases all remaining functionality into Vakifbank’s live system


December 2009

Xeon releases all remaining functionality (phase 3 functionality) into Vakifbank’s live system. This adds additional banking functionality such as lending, banker’s drafts, traveller’s cheques, Eurobonds, securities, gold, IPO’s and government bonds. All 8 million customers and 22 million accounts are now accessed via the Siebel Branch Teller frontend.

Xeon rolls out the Siebel Branch Teller system


August 2009

Xeon rolls out the Siebel Branch Teller system to the final branch of the 523 branch network for Vakifbank.

Yachting in the Mediterranean

May 2009
AFCU

Xeon staff, clients and friends spend a long weekend yachting in the Mediterranean. Pictured are Fergus White (Xeon director) and Glauber Miranda Cassanova (Xeon software integration developer) on board their catamaran.

IBM and Xeon release “phase 2 functionality” in Turkey


April 2009

IBM and Xeon release “phase 2 functionality” into Vakifbank’s live system. This adds additional banking functionality such as SWIFT, EFT, bill payment, direct debits, promissory notes and passbook maintenance.

Vakifbank’s new Siebel Branch Teller system is put into production


August 2008

After 8 months of development and integration work by IBM and Xeon, Vakifbank’s new Siebel Branch Teller system is put into production in a pilot branch in Ankara Turkey. After the successful pilot, a sequential roll out quickly begins to the full branch network.

AFCU selects Xeon for its Siebel Branch Teller project


March 2008

America First Credit Union requests Xeon’s assistance in an ongoing project, to further develop and bring to live their Siebel Branch Teller implementation in Utah, USA. AFCU is the 6th largest credit union in the USA. An Xeon team of technical architects and developers arrives at the credit union’s head office and computer centre in Salt Lake City Utah and immediately proceeds to integrate the Siebel Branch Teller system to cash dispensers, cheque scanners, digital receipt display devices, signature capture devices and card swipe devices. Design starts on a Cheque 21 system so that the credit union can move towards their aim of paperless operations.

Xeon starts Siebel Branch Teller project in Vakifbank Turkey


January 2008

IBM selects Xeon as the Siebel Branch Teller implementer in Vakifbank in Turkey. The bank has over 500 branches and more than 20 million accounts. An Xeon team commences to install the Siebel Branch Teller system at Vakifbank’s computer centre in Ankara and it is planned that the system will go to a pilot release after 8 months of analysis, design, development and testing.

Welcome Financial Services selects Xeon for its Siebel Branch Teller project


July 2007

Welcome Financial Services requests Xeon’s assistance in an ongoing project to further develop their Siebel Branch Teller implementation in the UK. An Xeon team of technical architects, designers and developers arrives at the lender's head office and computer centre in Nottingham England to build a more efficient loans collection system.