Eontec selected by Canadian bank for branch network renewal

Eontec has been selected by Canadian Imperial Bank of Commerce [CIBC] to supply a strategic development platform for its retail banking technology and operations.

Eontec will work with CIBC to deliver customised multi-channel banking services for over 6 million customers across the bank's Canadian operations.

The five-year agreement encompasses the deployment of Eontec's EJB [Enterprise Java Beans] -based multi-channel architecture ]MCA] and an enterprise-wide license for its full product suite.

As part of CIBC's branch renewal strategy, the first phase of the implementation will encompass the rollout of Eontec's BankTeller on its MCA platform.

CIBC's branch banking requirements include process integration with existing legacy applications and the ability to facilitate radical process improvements.

BankTeller supports all standard over-the-counter operations at branches such as electronic payments and cash transactions, in addition to enhanced functionality for customer and account maintenance.