Birmingham, UK-based Wesleyan Savings Bank has contracted with eFunds International and IDOM Consulting to develop an Internet banking solution specifically for the Medical Sickness Society.
Wesleyan is the product provider for the Medical Sickness Society, a mutual society which offers a range of products and services exclusively to meet the investment, protection and pension needs of doctors and dentists and their families.
Runcorn-based eFunds has been commissioned to integrate its Internet banking technology package, Internet Financial Management (IFM), with Kindle Banking Systems' back office systems BM + and Bankmaster. The solution is designed to add another method of access for users of the existing Medical Sickness Direct Reserve savings account, formerly only offered on a telephone-banking basis.
As a specialist bank with a small IT infrastructure, Wesleyan looked for a solution that would avoid an increase in the IT and administration costs normally associated with an online banking service, says eFunds managing director Ron Drake.
Gill Tuby, chief executive, Wesleyan Savings Bank, says: "EFunds and IDOM's offering was the only one that offered the low-risk, cost-effective integration we required and could be tailored to meet our exact needs."