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London IT Consultancy Buys On-Line Banking System

by Jason Gorringe, Tax-News.com, London

28 August 2002

IDOM Consulting Ltd, an IT consultancy specialising in the financial sector, last week announced the acquisition of IFM, an Internet banking suite, from eFunds International Ltd, a provider of integrated information, payment and technology solutions.

IDOM and eFunds have worked together on a number of Internet banking projects, many of which are offshore, and concluded that the transfer of IFM to IDOM made the most sense from their clients' point of view. US-based eFunds has worked with IDOM, based in London, through its EMEA unit.

IDOM says that it plans to expand the functionality of IFM, integrating it with its existing BM software, and has a further two installations of IFM slated for Q3, including one in Guernsey.

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