September 09, 2008

Mizuho Corporate Bank Limited (Tokyo) has implemented Petra Financial's (Kuala Lumpur) Vortex automated validation software. Mizuho Corporate Bank Limited is the first customer of Petra Financial, the corporate and banking software arm of the Petra Group, under the extended partnership agreement with CB.NET, which was announced in July.

The Petra Financial solution has helped the bank improve customer service through the Web query tool, and has boosted deployment and availability of high-quality data. The resulting increase in STP rates has improved operational efficiency and improved service levels between the bank and its customers.

Petra Financial launched early this year and has signed six new clients for the new solution including Clydesdale bank, CaxtonFX and First National Bank of South Africa.