Pinnacle Financial Networks signed an exclusive Joint Venture agreement with Global FranTech Group and FranTech Indonesia (FranTech), of Jakarta, Indonesia which grants FranTech the right to market licenses of Pinnacle Financial Networks Services, branch partner programs, with it's Global Real-Time Interbank Settlement Systems, GlobaRIS programs through FranTech's network of agents in 220 countries to governments and enterprises around the world.
The company explained that the Pinnacle Financial Networks, Global Real-Time Interbank Settlement System (GlobaRIS) a fully integrated multi-currency, automated rules based financial system GlobaRIS an Internet-Enabled Intelligent Global Payment System with Transaction Security assistance programs are uniquely suited to meet the needs of emerging growth banks and companies in most countries. Pinnacle Financial Networks new division GlobaRIS GmbH is the centralized banking, messaging and securities system offered over the Pinnacle Financial platform. They have been in the business directly and indirectly developing solutions and services to facilitate worldwide payments, securities, settlement and "Global Cash Management" by enabling emerging banks and worldwide growth companies to automatically manage cash, securities, process payments, process securities,and make transfer of the same both domestically and internationally through its new branch partner program in 220 countries.
Ben Zayin Yisrael, Managing Director of Pinnacle Financial Networks, said, "We chose FranTech because of their tremendous geographic reach and proven track record in establishing licensing agreements in 220 countries. With more than 35 years of experience, FranTech knows international banking, trade policy, law, marketing, investment banking, and technology research. Its broad expertise, coupled with access to key governmental decision makers, provides services uniquely valuable to Pinnacle Financial Networks overseas."
The company explained that FranTech's mission is to foster the development of the global economy by providing a global perspective to bankers, developers, marketers, manufacturers and innovators on newly emerging and preemptive technologies. It offers world-class solutions for the licensing and transfer of USA and Worldwide innovations to emerging economies.
Philip Nadeau, CEO of FranTech, said, "We see a tremendous market worldwide for Pinnacle Financial Network fully integrated multi-currency, automated rules based financial system assistance in global payment systems with Internet-Enabled Intelligent programs for emerging countries and companies with it's branch partner program and FranTech already have interest from several countries. We plan on developing brand name recognition and positioning of Pinnacle Financial Network with many governmental agencies, central banks, monetary funds and private companies where we already have relationships in place."
About Pinnacle Financial Network
PFN's client-server and internet software system automate the process of transferring funds,securities, documentary credits, financial messages among corporations, banks, clearing houses, central depositories. PFN's branch partners program with GlobaRIS is a fully integrated multi-currency, automated rule-based payments and securities (GESS) system that operates on Windows,UNIX, and Java client/server technology via Pinnacle Financial Network. GlobaRIS's true global payment and securities messaging capabilities support automated Liquidity Management, Routing Scheduling, Method of Payment Optimization and straight Through Processing (STP) for:SWIFT, FEDWIRE, DTC, Cross Border, CREST, EUROCLEAR, ACORN, ClearStream, Central Bank RTGS and Net Settlement Payments and Securities. Pinnacle Financial Network is uniquely positioned to revolutionize payment and securities operations address the explosive growth of e-commerce GlobaRIS the new leader in financial transactions processing and access to the global financial networks worldwide needs for The Internet-Enabled Intelligent Banking System for developing nations economic development with e-commerce as well as the business growth online needs of industrial nations around the world through it's new PFN's branch partner program.
About FranTech Indonesia
FranTech consists of core partners surrounded by interlocking networks of consultants and affiliates in key trading countries and disciplines. They have over thirty-five years of experience with their proven partners. In addition, FranTech has proven track records in assembling, negotiating and consummating trade, licensing, technological and financial agreements; they pool strengths drawn from experience in international banking, trade policy, law, marketing, investment banking and technology research. This broad expertise, coupled with access to key governmental and business decision makers, provides services uniquely valuable to Pinnacle Financial Network in the restructuring global economy.
Pinnacle Financial Network is pleased to commence a strong working relationship with FranTech. FranTech's mission is to foster the development of the Global Economy by providing a Global Perspective to bankers, developers, marketers, manufactures, and innovators of newly emerging and preemptive technologies. They offer world-class solutions for the licensing and transfer of USA and Worldwide innovations to emerging economies in 220 countries worldwide for over thirty five years.