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Articles from
November 2006
Parlano Announces Support for the 2007 Microsoft Office System
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Enterprise collaboration product provides powerful, persistent group messaging
Parlano, a leading provider of persistent group messaging solutions, announced its support for the 2007 Microsoft® Office system. Parlano MindAlign™ provides 2007 Microsoft Office customers with ongoing topic-based communication among dispersed, cross-functional groups, offering the persistence of email and the immediacy of instant messaging.
“Our customers have experienced the tremendous business benefits of MindAlign combined with Microsoft Live Communication Server 2005,” said Nick Fera, Parlano chairman and CEO. “With the Office 2007 System, Microsoft provides a powerful platform for making Parlano’s persistent group chat a critical component of a unified communications environment for any organization that relies on continuous, productive, and cost-effective cross-functional team interaction. We are excited by the opportunities that working with Microsoft continues to offer our customers and our business.”
“We are thrilled with the tremendous support and excitement we are seeing from our partners around the world in support of the business availability launch of the 2007 Office system, Exchange Server 2007 and Windows Vista,” said Rob Bernard, general manager, Worldwide ISV Group, Microsoft. “Our partners play a vital role in the early adoption, development and delivery of Microsoft technologies. By working closely with partners like Parlano, we are helping to provide our mutual customers with a high-quality product, seamless technology integration, and improved user experiences.”
About Parlano, Inc.
Parlano is a leading provider of persistent group messaging solutions. Parlano's MindAlign solutions deliver instant, intelligent and persistent group and topic-based messaging to securely connect employees, customers and partners with the right people, information and context to execute business processes more efficiently. Companies including ABN AMRO, Bank of America, Cantor Fitzgerald, Cargill, Citigroup, Deutsche Bank, Standard Chartered Bank, UBS and others rely on Parlano to utilize messaging as a strategic business tool. Backed by Longworth Venture Partners and Oak Investment Partners, Parlano supports its customers and partners from its worldwide headquarters in Chicago, Illinois and EMEA headquarters in London.
For additional information please visit www.parlano.com or contact us at our HQ in Chicago at +1 (866) 727-5266 or +1 (866) PARLANO or at our EMEA office on +44 (20) 7743 6480.
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29West Announces Full Integration of its LBM and UME Low-Latency Messaging Software with Smart Trade's Liquidity Management System
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Enables Investment Banks to Streamline Execution Processes across Asset Classes at Faster, More Efficient, Ultra-High Speeds
29West, Inc., a leading provider of high-performance messaging software solutions, announced that Smart Trade Technologies, the financial markets leader in liquidity management systems (LMS), now offers full integration with 29West's Latency Busters(r) Messaging (LBM) and Ultra Messaging(tm) for the Enterprise (UME) low-latency messaging products. This integration enables Smart Trade to offer investment bank customers streamlined execution processes across asset classes with very efficient messaging speeds.
29West's LBM is a fast, efficient, lightweight messaging system targeted specifically at low-latency, high-speed streaming messaging applications. Currently being rolled out, UME is a low-latency, high-speed persistent messaging solution with delivery confirmation that is designed for larger firms that need a new messaging model to replace legacy messaging solutions enterprise-wide. Integrated with Smart Trade's LMS, which automates execution management of transactions across the enterprise and creates a central liquidity pool across all assets, leveraging the existing trading engines in place, banks can realize additional gains in messaging performance beyond Smart Trade's own ultra-high speed processing times by opting for 29West's LBM and UME products.
According to Smart Trade's co-founder and CTO David Vincent, Smart Trade selected UME for its stability and performance advantages after extensive testing. "After normalizing and abstracting deal flows to create a central liquidity pool and order book, our customers need to smart-route the matching of internal and external liquidity at ultra-high speeds. This is why we defined the need for a pluggable messaging transport within our componentized LMS," said Vincent. "29West's advanced messaging products will help our customers leverage their existing trading engines and infrastructures already in place to gain a highly advanced liquidity execution management solution."
"We are very pleased to be working with Smart Trade and to be able to offer SmartTrade customers a high performance messaging choice as part of this industry leading solution. As latency and stability under load become more and more critical, we are seeing continued growth in the market for UME. The trend is toward higher performance data delivery and that trend is forcing many firms to reconsider how they distribute and share data. This pressure towards low latency and high performance plays well for us given our performance advantages over the other commercial messaging products available today," said Mark Mahowald, president and founder of 29West.
About 29West
Founded in 2002 by a former Talarian executive, 29West team members have been at the forefront of high-speed, real-time data distribution and networking since the mid-1980s. They created the original architecture and led the implementation of the first Rich/Reuters TRIARCH digital trading floors. From its first release in November 2004, 29West's Latency Busters Messaging (LBM) has set a new standard in performance for financial market messaging and has been deployed in over 50 firms worldwide. With the introduction of UME, 29West has added persistence and delivery confirmation to its industry leading messaging product offerings.
For more information, visit http://www.29west.com
About Smart Trade
Smart Trade automates execution across the enterprise by providing the financial markets with the most sophisticated Liquidity Management System (LMS) that enables investment banks, brokers and exchanges to streamline their execution process across multiple-asset classes around the globe. For more information, visit http://www.smart-trade.net.
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29West Announces Full Integration of its LBM and UME Low-Latency Messaging Software with Smart Trade's Liquidity Management System
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Enables Investment Banks to Streamline Execution Processes across Asset Classes at Faster, More Efficient, Ultra-High Speeds
29West, Inc., a leading provider of high-performance messaging software solutions, announced that Smart Trade Technologies, the financial markets leader in liquidity management systems (LMS), now offers full integration with 29West's Latency Busters(r) Messaging (LBM) and Ultra Messaging(tm) for the Enterprise (UME) low-latency messaging products. This integration enables Smart Trade to offer investment bank customers streamlined execution processes across asset classes with very efficient messaging speeds.
29West's LBM is a fast, efficient, lightweight messaging system targeted specifically at low-latency, high-speed streaming messaging applications. Currently being rolled out, UME is a low-latency, high-speed persistent messaging solution with delivery confirmation that is designed for larger firms that need a new messaging model to replace legacy messaging solutions enterprise-wide. Integrated with Smart Trade's LMS, which automates execution management of transactions across the enterprise and creates a central liquidity pool across all assets, leveraging the existing trading engines in place, banks can realize additional gains in messaging performance beyond Smart Trade's own ultra-high speed processing times by opting for 29West's LBM and UME products.
According to Smart Trade's co-founder and CTO David Vincent, Smart Trade selected UME for its stability and performance advantages after extensive testing. "After normalizing and abstracting deal flows to create a central liquidity pool and order book, our customers need to smart-route the matching of internal and external liquidity at ultra-high speeds. This is why we defined the need for a pluggable messaging transport within our componentized LMS," said Vincent. "29West's advanced messaging products will help our customers leverage their existing trading engines and infrastructures already in place to gain a highly advanced liquidity execution management solution."
"We are very pleased to be working with Smart Trade and to be able to offer SmartTrade customers a high performance messaging choice as part of this industry leading solution. As latency and stability under load become more and more critical, we are seeing continued growth in the market for UME. The trend is toward higher performance data delivery and that trend is forcing many firms to reconsider how they distribute and share data. This pressure towards low latency and high performance plays well for us given our performance advantages over the other commercial messaging products available today," said Mark Mahowald, president and founder of 29West.
About 29West
Founded in 2002 by a former Talarian executive, 29West team members have been at the forefront of high-speed, real-time data distribution and networking since the mid-1980s. They created the original architecture and led the implementation of the first Rich/Reuters TRIARCH digital trading floors. From its first release in November 2004, 29West's Latency Busters Messaging (LBM) has set a new standard in performance for financial market messaging and has been deployed in over 50 firms worldwide. With the introduction of UME, 29West has added persistence and delivery confirmation to its industry leading messaging product offerings.
For more information, visit http://www.29west.com
About Smart Trade
Smart Trade automates execution across the enterprise by providing the financial markets with the most sophisticated Liquidity Management System (LMS) that enables investment banks, brokers and exchanges to streamline their execution process across multiple-asset classes around the globe. For more information, visit http://www.smart-trade.net.
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Northwest Savings Bank Selects Harland Financial Solutions’ Integrated Retail Solutions
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Product Suite Enhances Customer Service and Improves Cross-Sales As part of an enterprise-wide effort to upgrade its teller automation platform and implement new customer relationship management (CRM) technology, Northwest Savings Bank (NSB) has licensed Harland Financial Solutions’ Encore!® Solution and the Touché® Analyzer™ MCIF. With $6.5 billion in assets, Northwest Savings Bank is headquartered in Warren, Pennsylvania and operates 153 branches. Harland Financial Solutions, Inc. is a wholly owned subsidiary of John H. Harland Company (NYSE:JH).
As part of its strategic initiatives, Northwest Savings Bank began the search for a CRM system. While evaluating analytics and sales and service systems from numerous vendors, the bank decided to combine the project with a search for upgraded teller and platform automation.
After months of due-diligence, NSB decided Harland Financial Solutions’ suite of retail offerings fits its needs on all fronts. “We saw real value in the integration of Encore! branch automation with Touché Analyzer business intelligence and how it could help our organization effectively execute our strategic plan,” said Steve Fisher, senior vice president of operations with Northwest Savings Bank. “Encore! and Touché will deliver enriched information about our customers and products to the point-of-sale, enabling our staff to recommend financial solutions that meet the needs of each customer.”
NSB, which also uses Harland Financial Solutions’ LaserPro® lending solution, cited innovation as one of the main reasons for partnering with this vendor. “Harland Financial Solutions is doing what other vendors are only talking about doing,” stated Fisher. “They have a great reputation for delivering on time and on budget. We will work closely with them to deliver customized functionality and to leverage business process improvements to enhance operating performance.”
Tom Richards, executive vice president and general manager for Harland Financial Solutions Retail Solutions Group added, “We pride ourselves on transcending the normal client-vendor relationship by offering more than software. We look forward to working with Northwest Savings Bank to help them achieve their strategic objectives through increased efficiency, better service and improved cross-sales.”
Encore! is a registered trademark of Harland Financial Solutions, Inc. All other brands and products or services are trademarks and/or service marks of their respective owners, may be registered, and should be treated appropriately.
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. The company is a leader in core systems, item processing, enterprise content management, branch automation, customer relationship management, business intelligence, origination and document solutions, risk management, compliance training, financial accounting, open documents, mortgage solutions, electronic funds transfer (EFT), self service solutions and performance advisory services.
About Harland
Atlanta-based John H. Harland Company (NYSE: JH) (www.harland.net) is listed on the New York Stock Exchange under the symbol “JH.” Harland is a leading provider of software and printed products to the financial institution market. Harland’s software solutions include deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems and customer relationship management systems. Harland’s printed products offerings include checks, direct marketing and financial forms. Scantron Corporation (www.scantron.com), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets.
About Northwest Savings Bank
Northwest Bancorp, Inc. (NASDAQ “NWSB”) was founded in 1896 and headquartered in Warren, Pennsylvania, Northwest Bancorp, Inc., through its subsidiary Northwest Savings Bank, currently operates 153 community banking locations in Pennsylvania, New York, Ohio, Maryland and Florida. Northwest Savings Bank is a full-service financial institution offering all lines of retail and business banking products as well as trust and investment management services. The Company also operates 50 consumer finance offices in Pennsylvania and New York through its subsidiary, Northwest Consumer Discount Company.
Additional information regarding Northwest Bancorp, Inc. can be accessed on-line at www.northwestsavingsbank.com.
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Harland Financial Solutions Signs New UltraData® Enterprise Clients
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Three new credit union clients have joined the more than 200 credit unions utilizing UltraData® Enterprise in an outsourced environment. Harland Financial Solutions, a wholly owned subsidiary of John H. Harland Company (NYSE:JH), provides in-house and service bureau core processing solutions to more than 600 credit unions nationwide.
I.L.W.U. Credit Union in Wilmington, California chose the dedicated hosting option utilizing credit union-owned hardware located in Harland Financial Solutions’ state-of-the-art Enterprise Services Center in Des Moines, Iowa. Dedicated hosting provides ultimate flexibility for the credit union with all the security benefits, convenience and savings of an outsourced environment.
“Our previous core system was much more rigid and cumbersome,” said John Coleman, president and chief executive officer of I.L.W.U. “We are excited to be moving to the UltraData Enterprise system and to have the ability to utilize integrated applications on a platform that will position us well to attain our growth objectives.”
Pacific Resource Credit Union of Los Angeles, California, and Tacoma Longshoremen Credit Union of Tacoma, Washington, also signed up for service bureau delivery of the UltraData Enterprise solution. Both credit unions will also be served from Harland Financial Solutions’ Enterprise Services Center.
When comparing core providers, these credit unions found Harland Financial Solutions’ extensive experience delivering core system processing in a service bureau environment a distinct advantage. James McHale, president and chief executive officer of Pacific Resource Credit Union said, “We were looking for a partner who could provide us with a comprehensive solution that will foster growth and enable us to better serve our membership. We also sought a solid, stable company experienced in the outsource business.”
David McConney, executive vice president and general manager of Harland Financial Solutions’ Credit Union Core Systems group, understands the critical role service excellence plays in a client’s success. “Our employees are passionate about delivering a service experience to our clients that is second to none. This commitment is manifested in our client-centric approach to providing products and services based on a client’s unique needs. We are pleased to welcome these new clients to the UltraData family.”
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. The company is a leader in core systems, item processing, enterprise content management, branch automation, customer relationship management, business intelligence, origination and document solutions, risk management, compliance training, financial accounting, open documents, mortgage solutions, electronic funds transfer (EFT), self service solutions and performance advisory services.
About Harland
Atlanta-based John H. Harland Company (NYSE: JH) (www.harland.net) is listed on the New York Stock Exchange under the symbol “JH.” Harland is a leading provider of software and printed products to the financial institution market. Harland’s software solutions include deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems and customer relationship management systems. Harland’s printed products offerings include checks, direct marketing and financial forms. Scantron Corporation (www.scantron.com), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets.
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Adesso Systems Names Steve Chazin Vice President of Marketing
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Marketing, Sales and Engineering Industry Veteran Joins Company as Key Addition to New Management Team; Unveils New Direction: Social Networking Application – Tubes™ Coming Soon.
Adesso Systems (“Adesso”), a leading provider of application development solutions, announced that Steve Chazin, a 20-year marketing, sales and engineering veteran, has joined the company as its vice president of marketing. Mr. Chazin joins the Company at a critical point – Adesso is preparing to leverage its groundbreaking replication engine to underpin innovative new consumer and ‘prosumer’ applications.
“Steve’s background in marketing with some of the world’s best known consumer brands like Apple and professional brands like Avid Technology, Inc. makes him a great addition to Adesso Systems, “ said John Van Siclen, Adesso’s chief executive officer and president. “In addition, Steve has rich experience helping startups, including Bowstreet, to achieve their broader business objectives, which, in Bowstreet’s case, was a successful acquisition by IBM. This combination of assets makes him the right guy for Adesso at this important stage in our development.”
Adesso has proven its ability to bring the power of its Internet Replication Engine to any application - mobile, office, media, Web, personal or professional, via a growing network of developers and partners. Adesso will continue to provide distribution and synchronization of content within any application and is also providing a sneak peak at an exciting new direction for the firm and its developers.
”Adesso is developing a cool new consumer application on top of its amazing platform called Tubes,” said Steve Chazin. “I came to Adesso because I believe Tubes will do for sharing media what email did for communications, what IM did for conversations and what Google did for search. Tubes will become the way everyone shares music, pictures, videos, office documents – anything – with family, friends and colleagues. Tubes is incredible: 2-way Internet file sharing, social networking and drag and drop community formation all rolled into one. I’m excited about being part of the team that will bring Tubes to market later this year.”
Mr. Chazin has logged more than 20 years in the marketing, sales, engineering and design of creative technology for consumers and professionals. At Avid, he served as director of worldwide strategic and next generation markets where he dramatically grew Avid’s user community, optimized new and viral approaches to strategic markets, and drove product and corporate marketing. At Apple, Mr. Chazin held key marketing, sales and engineering roles, managed the strategic partnership with the Harvard Business School, and rebuilt Apple’s Education marketing efforts, which helped return the company to profitability in the late 90’s. Prior to Apple, Mr. Chazin was a section manager and principle engineer at Raytheon, responsible for the design and fabrication of supersonic missile radar domes. He earned his BA in Physics from Franklin and Marshall College and an MS in Electrical Engineering from Princeton University.
About Adesso Systems
Adesso enables the instant sharing, distribution and synchronization of your entire digital world. Based on its revolutionary Internet Replication Engine, Adesso-powered applications leverage the reach of the network, intelligently replicating data, logic and permissions while simultaneously tapping the power of the desktop. Adesso’s first consumer application, Tubes™ scheduled for launch in December 2006, will use this power to enable the formation of robust file sharing communities with a simple drag and drop. For more information, please visit www.adessosystems.com.
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Q&A: How Banks Can Achieve Application Interoperability
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Microsoft's new Banking Integration Factory initiative aims to help banks integrate multiple applications across telephone, the Web, retail branches, ATMs and other banking channels.
During this week’s BAI Retail Delivery Conference & Expo, Microsoft is showcasing its efforts to help banks achieve interoperability among business applications. The company will announce the Microsoft Banking Integration Factory, which brings together Microsoft and partner technologies at the services level to help banks create composite line-of-business applications.
Microsoft’s U.S. Financial Services group is a signature sponsor of the event, and also plans to distribute a white paper demonstrating the advantages for banks in moving to Microsoft Windows Vista and the Microsoft 2007 Office System by empowering employees via seamless access to information.
To learn more, PressPass interviewed Greg Haislip, banking industry solutions director for Microsoft’s U.S. Financial Services Group, for additional details behind these announcements.
PressPass: Why is something like the Banking Integration Factory needed in the industry?
Haislip: Banks have always struggled with integrating multiple applications across multiple channels – phone, Web, branches, ATM and more. Couple that with all of the mergers in recent years, and banks are understandably frustrated with the complexities of their IT infrastructure. The Banking Integration Factory initiative is a program to help create “composite” applications from multiple vendors that already work well together – based on the Microsoft technology platform. We think this provides real value to banks in the long run.
PressPass: What will the Factory achieve?
Haislip: Essentially, the Factory establishes a set of guidance and tools to provide consistency in service implementations at retail banks – covering interfaces, compliance with WS-I profiles for increased interoperability and cross-cutting aspects like security, confidentiality, configuration, exceptions and logging.
Banks benefit by now having a flexible architecture that allows them to integrate their existing infrastructures with new applications using Web services. These composite applications can be deployed quickly and can help save banks enormous costs. In addition, any new or custom-developed applications can quickly be integrated into the infrastructure.
PressPass: How will this be accomplished?
Haislip: The Factory will provide architecture guidance, best practices and other information to help banks create a uniform environment for cross-channel integration. The goal is to provide better experiences for employees and customers across five key channels:
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Branch tellers, who will service customers quickly, efficiently and accurately by being able to accept deposits and cash checks, issue non-traditional financial instruments and service customer account inquiries. |
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Branch sellers, who will sell and service customers with multiple products through immediate access to customer information, such as new account opening and forms management, loan applications, account and product servicing and product information. |
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Call centers, which will effectively interact with customers through an indirect or self-service capability by being able to process new account openings, provide assisted and self-service transactions, customer service and resolution, and build customer relationships |
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Online banking, which will enable remote self-service via the Internet by processing transactions, electronic bill presentment and payments, E-statements, money movement and account inquiries. |
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ATMs, which will enable customer self-service by giving access to account information, processing self-service transactions statement printing and extended product sales. |
PressPass: How does the announcement affect Microsoft?
Haislip: This release underscores Microsoft’s ongoing commitment to the banking industry and some of its root problems, such as cross-channel consistency and integration. It also reaffirms Microsoft’s role as a leader in providing software that helps financial firms transform the customer, employee and operations experience so they can maximize profitability.
PressPass: How many partners have agreed to be a part of this program?
Haislip: We are leveraging the latest advances in the Microsoft platform, Microsoft .NET and technology solutions from ARGO Data Resource Corporation, Corillian, Getronics, Harland Financial Solutions and Jack Henry & Associates Inc. Others partners supporting the initiative include Portrait Software, Fair Isaac Corporation and AdviceAmerica.
PressPass: Why is the Windows Vista and 2007 Office System white-paper announcement important to the banking industry?
Haislip: The white paper outlines how banks of all sizes can gain tremendous business benefits by moving to Windows Vista and the 2007 Office System. Titled “Unified Communications and Collaboration for the Banking Industry,” it outlines how banks can use these new technologies to unify their business communications, empower teams through workspaces, connect people, processes and information and enable work anywhere. Microsoft’s overall vision is to empower employees from within retail banks to share information, communicate with the right people at the right time, and take full advantage of the range of mobile devices, the Internet and the 2007 Office System.
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Microsoft Introduces Banking Integration Factory
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New initiative helps banks more easily integrate software from multiple Microsoft partners.
At the BAI Retail Delivery Conference & Expo, in an effort to help banks rapidly achieve interoperability among business applications, Microsoft Corp. announced a new initiative that provides prescriptive architecture guidance, tools and reference implementations aimed at achieving consistency in banking integration.
The Microsoft® Banking Integration Factory initiative utilizes the latest advances in the Microsoft platform, Microsoft .NET and technology solutions from ARGO Data Resource Corp., Corillian Corp., Getronics, Harland Financial Solutions Inc., and Jack Henry & Associates Inc. Other industry partners supporting the initiative include AdviceAmerica Inc., Fair Isaac Corp., Fiserv CBS Worldwide and Portrait Software PLC. The initiative seeks to integrate Microsoft and partner technologies at the services level and introduce interoperability via composite line-of-business applications.
“Banks have dedicated massive efforts toward resolving integration issues between new business applications and their legacy software,” said Greg Haislip, managing director for the banking industry in the U.S. Financial Services Group at Microsoft. “The new Banking Integration Factory helps solve this problem by providing a standard approach adopted by multiple vendors, to lead to more rapid implementation.”
The Banking Integration Factory will establish a set of guidelines and tools to enable consistency in service implementations. The initiative will not develop new message standards for the banking industry, but rather will establish commonality between vendors and the services they expose. This includes creating consistency in interfaces, complying with Web Services Interoperability (WS-I) profiles to increase interoperability, and cross-cutting aspects such as security, confidentiality, configuration, exceptions and logging — all in an effort to make integration much easier.
In addition, the Banking Integration Factory presents Microsoft’s vision for building composite banking applications that provide banks with an unprecedented level of choice in creating user interfaces that can be accessed via a Web browser; Windows®-based desktop, notebook or Tablet PCs; mobile devices; or the Microsoft Office system. The end result will bring together a uniform environment for cross-channel application integration and help provide better experiences for employees, customers and others across five core bank business processes:
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Branch tellers will be able to provide customers with service quickly, efficiently and accurately, accepting deposits and cashing checks, issuing nontraditional financial instruments, and answering customers’ account inquiries. |
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Branch sellers will be able to provide customers with multiple sales and service offerings — such as opening new accounts, managing forms, completing loan applications, offering account products and services, and sharing product information — through immediate access to customer information. |
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Call center workers will be able to effectively interact with customers through indirect or self-service channels, processing new accounts, providing assisted and self-service transactions, resolving customer service requests, and building customer relationships. |
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Online banking will enable remote customer self-service via the Internet, processing transactions, electronic bill presentment and payments, electronic statements, money transfers and account inquiries. |
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ATMs will enable customer self-service, offering access to account information, processing self-service transactions, printing statements and offering product sales. |
“The movement to service-oriented architectures will inevitably lead to a complex array of business components in the bank’s back offices,” said Jerry Silva, research director for Delivery Channels and Retail Banking at TowerGroup. “So we must make plans to move toward an integration model at the front office that makes delivery of those components fast, easy and flexible.”
Banks will benefit from the Banking Integration Factory by having a flexible architecture that allows them to integrate their existing infrastructures with new applications, using consistent Web services and application composition to help increase implementation speed and value. In addition, banks’ custom-developed applications will be able to be quickly integrated with software acquired from vendors.
Microsoft today also unveiled a white paper outlining the Banking Integration Factory. The paper, titled “Unified Communications and Collaboration for the Banking Industry,” describes the Banking Integration Factory’s reference architecture and its vision for composite banking applications with partner-driven scenarios addressing the five key areas.
About Microsoft in Financial Services
Microsoft’s Financial Services Group provides software that helps financial firms transform the customer, employee and operations experience so they can maximize opportunities for increased market share and profitability. Microsoft software helps empower people and IT staff within financial firms — and across key focus areas such as advisor platforms, channel renewal, insurance value chain, enterprise risk management and compliance, and payments. Through a combination of Microsoft- and partner-provided solutions, customers enable their employees to turn data into insight, transform ideas into action and turn change into opportunity.
More information about Microsoft’s Financial Services Group can be found at www.microsoft.com/financialservices.
About Microsoft
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
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Corillian Launches TrueStamp Site Verification for Next Enhancement of Intelligent Authentication Technology
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TrueStamp meets the evolving security demands of financial institutions and online banking end users
Corillian Corp. (NASDAQ: CORI), the top provider of online banking, payment and security solutions to the financial services industry, announced the availability of Corillian TrueStamp, a new Web site verification technology embedded in Corillian Intelligent Authentication™ v2.1, the next version of the company’s strong authentication solution. TrueStamp adds an additional component of security to a user’s online banking experience by securely verifying the banking site to the user before they ever have to enter sensitive information such as a user name and password. The solution generates a truly unique visual identifier for each user and is active on all the computers the user chooses to "stamp" with their personal images.
TrueStamp images are created based on the configuration settings specified by the system administrator, and each user’s image is truly unique. To develop a TrueStamp, end users type a memorable phrase into a box and click a button. TrueStamp then immediately generates and displays a series of three images employing the phrase. The end user then selects one of the images, and the data to generate the image is stored in the user’s profile in a secure encrypted form. Once the TrueStamp has been created, the user can generate a new image at any time through the self-service page. Financial institutions are able to customize the color, size and features of the images to reflect their design specifications and help create a seamless online banking interface. They also can choose to stamp every page of a site to create a high level of confidence as the user navigates.
In August, Gartner surveyed more than 5,000 online banking customers and found a whopping 67 percent of them now say it’s "extremely important" that an online bank Web site proactively identify itself to the consumer using some sort of site authentication. Another 20 percent believe it’s "fairly important," said Gartner vice president and distinguished analyst Avivah Litan. Financial institutions are also beginning to recognize that site verification is an additional tool they can deploy to help protect their brand from evolving fraud schemes.
True stamp is architected to validate a Web site without compromising end user security. Unlike other site verification technology, TrueStamp does not require users to browse, select or upload pictures and, ultimately, eliminates the need to maintain a library of binary picture files. As a result, the creation process takes seconds rather than minutes. In addition, the user’s visual identification image is generated only at the time it is needed, which mitigates the need for server storage and the ability for images to be hijacked or stolen.
"With the evolution of phishing attacks, consumers are demanding a security solution that provides site verification at the time of log on," said Greg Hughes, Corillian’s chief security executive. "The inclusion of site verification technology (TrueStamp) in this new release of Intelligent Authentication, underscores our commitment to provide financial institutions a strong, multi-layered security solution. Further, our approach puts access and identity control back in the hands of the user, while providing enhanced viability and security to the consumer’s online banking experience."
Corillian Intelligent Authentication is a user-friendly and highly successful security measure that interprets the information transmitted from the user’s computer to the bank’s Web site, looking for a pattern of online banking behavior. The solution analyzes these interactions and determines when to challenge uncharacteristic or unusual actions in order to prevent unauthorized activity. To date, more than 40 leading financial institutions have selected Corillian Intelligent Authentication for a strong, multi-layered authentication solution.
About Corillian Corporation
Corillian is the market leader of online banking, payment and security solutions to the financial services industry. With 30 of the top 100 U.S. banks and 21 of the top 100 U.S. credit unions as customers, Corillian serves over 35 million online banking end users. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, integrating best-practice functionality developed for some of the most innovative financial institutions in the world. Corillian features integrated applications across Consumer Banking, Small Business Banking, Business and Consumer Payments, Wealth Management, Credit Card Management, and Corporate Cash Management, as well as enterprise wide solutions, including Fraud Detection, Alerts, eStatements, and OFX. Corillian's fraud prevention solutions use Preemptive Forensics™ to protect web sites from phishers, hackers, and fraudsters. Corillian's strong authentication solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. Empowered by Corillian solutions, some of the world’s most visionary financial institutions provide their customers with the tools to manage their finances more effectively and securely. For more information about Corillian Corporation, visit the company’s web site at http://www.corillian.com.
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EDS SOLCORP makes WealthServ Insurance available to global financial services organization
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EDS SOLCORP (EDS) announced that TD Waterhouse Insurance Services Inc., an insurance agency and member of TD Bank Financial Group, has contracted WealthServ Insurance as its insurance Book of Record.
With WealthServ Insurance, EDS SOLCORP’s web-based enterprise system, organizations can complete and send applications and forms, track business in real-time, and view and administrate in-force business through a single interface. WealthServ is fully compliant with legislation protecting personal information and regulating electronic documents in the United States and Canada.
“We’re very pleased to be chosen by TD Waterhouse Insurance Services Inc. to provide a state-of-the-art solution for managing their book of business,” said Alex Sweeny, Vice President Strategic Business Development at EDS SOLCORP. “EDS SOLCORP helps organizations like TD Waterhouse Insurance Services Inc., improve the efficiency, business retention and revenues of their businesses.”
TD Waterhouse Insurance Services Inc., offers clients a broad range of insurance products from leading carriers.
About EDS SOLCORP
EDS SOLCORP, a global business unit within EDS, is a leader in software solutions and services for the life insurance and wealth management industries. For 25 years, EDS SOLCORP solutions have helped customers reduce their total cost of administration, accelerate time-to-market for new products, and streamline their infrastructure.
Visit us at http://www.solcorp.com
About EDS
EDS (NYSE:EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 40 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world.
Learn more at http://www.eds.com
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WINCOR NIXDORF AND ALOGENT CO-DEVELOP THE INDUSTRY’S FIRST SMART CLIENT ATM DEPOSIT AUTOMATION SOLUTION
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LAS VEGAS, Retail Delivery Systems Conference, BOOTH NUMBER 1215, November 13, 2006 – Wincor Nixdorf AG and Alogent Corp. announced a new straight through check processing partnership featuring the industry’s first smart client ATM.
“We view Wincor as one of the forerunners in offering innovative and state-of-the-art multi-channel straight through check processing solutions to the market,” said Brian Geisel, CEO of Alogent Corp. “Our partnership delivers industry-leading point of presentment options that extend beyond ATMs and reach into other deposit channels. Now, banks can leverage the strategic benefits of Check21 through increased customer service and decreased costs, while simultaneously leveraging multi channels for real-time deposit automation.”
The solution provides a real-time dialogue between the deposit channel and the check processing back end, using web services technology. This allows a specialized check processing platform to be implemented in the branch, item processing center or data center. Any changes to bank specific business rules can be updated and centrally deployed with real-time distribution and availability across the enterprise, thus eliminating the requirement to manually update the client software. As a result, the complexity of managing ATM and branch networks is reduced and solution silos for these channels are streamlined and thus eliminated.
“In a multi-channel environment, it is imperative that consistent and efficient centralized verification procedures are available to ensure the validity and security (e.g. image quality, fraud verification) of all transactions,” states Reinhard Rabenstein, CTO of Wincor Nixdorf. “It is critical that interfaces to the bank’s host systems, item processing systems and external interfaces such as the X9.37 image exchange format are also available. Alogent’s deposit automation solution provides all these necessary functions and is proven in many of the world’s top financial institutions.”
Rolf Scheer, Director Product Management Solutions of Wincor Nixdorf states, “This solution is designed to run in traditional fat client environments, as well as in modern smart client infrastructures. The API can be combined with Wincor Nixdorf’s proven multi-vendor software platform to support devices of multiple source and type.”
About Alogent
Founded in 1995, Alogent Corporation is a leading global provider of enterprise payment processing solutions that enable financial institutions and processors to accelerate the conversion of paper to electronic processing. The company’s Sierra suite of solutions automates payments and deposits at every point of presentment (including branches, ATMs, merchants, corporations and cash vaults) while optimizing electronic data and image processing and settlement. Alogent is the deposit automation market leader with our platform processing billions of payments annually with over 45,000 desktop points of presentment sold. The company’s customers include HSBC, KeyCorp, Lloyds TSB and SunTrust, among others. Alogent brings proven delivery and leadership to help customers worldwide address mission-critical challenges. For more information, visit www.alogent.com or call 800.333.6030.
About Wincor Nixdorf
Wincor Nixdorf is one of the world's leading suppliers of IT solutions to the retail and banking industries. The company's extensive portfolio, consisting of hardware products, software, consulting, maintenance and other services, is aimed at reducing the cost and complexity of business processes while improving customer service. Wincor Nixdorf is the world's third largest supplier of POS systems and automated teller machines and the number one supplier of POS systems in Europe (source: Clarendon Report, April 2005). With more than 7,700 employees and net sales of €1,948 million last fiscal year, Wincor Nixdorf operates in over 90 countries with manufacturing plants in Germany, China and Singapore. Worldwide headquarters are in Paderborn, Germany and North American headquarters are in Austin, Texas. For more information, visit www.wincor-nixdorf.com/usa.
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Whitehill Technologies and Mobius expand presence in Insurance sector with new partnership
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Two leading vendors kick off their co-marketing efforts at ISOTech 2006 in Kissimmee, Florida, Nov. 12-14
Whitehill Technologies, Inc. and Mobius Management Systems, Inc. (Nasdaq: MOBI) are pleased to announce a new partnership that will benefit insurance carriers looking for an end-to-end solution that manages the complete document lifecycle, from creation through archiving, presentation and disposition.
The alliance brings together two complementary technologies in the insurance space. Whitehill is a leading vendor of document automation software, while Mobius is a leading provider of integrated solutions for enterprise archiving and records management.
"This agreement will be of enormous benefit to insurers," says Neil Weiss, Director of Insurance Solutions, Mobius. "Whitehill is the leading document composition vendor in the insurance business, handling the creation of complex and high-volume documents, and repurposing the data trapped in policy admin and other legacy systems. Mobius is a leading provider of highly scalable archiving and retrieval solutions that ensure the long-term availability and integrity of these critical information assets."
"It's a natural fit," says Michel Chiasson, VP of Insurance Sales, Whitehill Technologies, Inc. "It will give insurers access to a powerful set of capabilities, meeting all their document automation needs, from creation to archiving. It's an extension of functionality in both directions, providing a complete, end-to-end document lifecycle management solution.
"It also fits perfectly with the theme of this year's ISOTech show," adds Chiasson, "which is 'Get Connected.' This year's conference focuses on combining talents to solve technology problems, and the partnership between Whitehill and Mobius is a perfect example of this kind of convergent thinking."
Whitehill and Mobius are launching their co-marketing efforts at ISOTech 2006, educating joint and prospective customers about the capabilities of each other's solutions. Mobius is exhibiting at Booth #103, while Whitehill is at Booth #511.
About Mobius
Mobius Management Systems, Inc. (www.mobius.com) is the leading provider of integrated solutions for enterprise content archiving and records management. The company's comprehensive software suite integrates content across disparate repositories, supports regulatory compliance, and provides content-enabled applications that automate business processes. Mobius solutions have achieved industry-wide recognition for breadth of functionality, breadth of supported formats, and high-volume, high-demand performance. The Mobius customer base is made up of leading companies across all industries, including more than sixty percent of the Fortune 100. The company, founded in 1981, is headquartered in Rye, New York, with sales offices in the U.S., Canada, the United Kingdom, France, Germany, Italy, Sweden, the Netherlands, Switzerland, Australia and Japan, as well as a network of agents in Central and South America, Europe, Middle East, Africa and Asia.
About Whitehill Technologies, Inc. (www.whitehilltech.com)
Whitehill Technologies, Inc. develops and implements document and compliance automation solutions that help customers accelerate key business processes. Whitehill's software helps insurers, law firms and other businesses personalize and accelerate the way they communicate with customers, getting the right information into the hands of the right people. More than 1,000 customers in 45 countries have used Whitehill software, including half the largest 100 insurers in North America and two thirds of the largest 250 law firms in the world. Whitehill is a privately held company with more than 200 employees in Canada, the United States and the UK. Whitehill is headquartered in Moncton, New Brunswick, Canada.
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Wincor Nixdorf Announces ProView® Monitoring, Management and Security Software
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Wincor Nixdorf, one of the world's leading suppliers of total IT solutions for the banking and retail industries, announced its ProView ATM monitoring, management and security software solution.
The Wincor Nixdorf ProView software tool allows financial institutions to see, in real-time, the status of their ATM fleets at a glance. ProView automatically monitors an entire ATM network around the clock, and provides financial institutions with a single point of distribution for software updates. ProView allows for remote diagnostics and troubleshooting, and has features such as ticketing, file distribution and transfers, cash level monitoring, asset management, remote rebooting, and providing statistics and reports. Additionally, ProView reduces costs for financial institutions by eliminating the need for costly on-site visits by technicians.
ProView also acts as a comprehensive security solution, helping financial institutions to proactively prevent ATM fraud. When an irregularity at an ATM is detected, a red light on the administrator’s ProView screen indicates imminent danger. Depending on the individual configuration, ProView proposes a response to the message, initiates the action, and documents the entire process. ProView can help determine what locations are at a higher risk for ATM fraud, and can also detect fraud patterns and unusual behavior at an ATM ultimately putting the machine out of operation to stop the fraud from occurring.
“While the majority of contact with the bank branch involves ATM activities, it is critical for financial institutions to have a secure and reliable ATM fleet,” said Alan Walsh, Vice President of Banking, Wincor Nixdorf. “ProView allows financial institutions to stop fraud before it happens, saving them considerable financial and image losses.”
ProView will be demonstrated at the 2006 BAI Retail Delivery Conference and Expo, November 14-16 in Las Vegas at the Mandalay Bay Resort in Wincor Nixdorf booth #1215.
About Wincor Nixdorf
Wincor Nixdorf is one of the world's leading suppliers of IT solutions to the retail and banking industries. The company's extensive portfolio, consisting of hardware products, software, consulting, maintenance and other services, is aimed at reducing the cost and complexity of business processes while improving customer service. Wincor Nixdorf is the world's third largest supplier of POS systems and automated teller machines and the number one supplier of POS systems in Europe (source: Clarendon Report, April 2005). With more than 7,700 employees and net sales of €1,948 million last fiscal year, Wincor Nixdorf operates in over 90 countries with manufacturing plants in Germany, China and Singapore. Worldwide headquarters are in Paderborn, Germany and North American headquarters are in Austin, Texas. For more information, visit www.wincor-nixdorf.com/usa.
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Mars National Bank Selects Open Solutions’ Enterprise-Wide Data Processing Platform
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Flexibility, functionality, integration with third parties solidifies decision
Mars, Pa.-based Mars National Bank has recently selected Open Solutions Inc.’s® (NASDAQ:OPEN) The Complete Banking Solution®, a relational core data processing platform for community banks, to address its enterprise-wide data processing needs. Mars National Bank has more than $280 million in assets, five branches and approximately 30,000 customers. Open Solutions is a provider of integrated enabling technologies for financial service providers throughout the United States, Canada and international markets.
“Open Solutions built an advanced open technology platform that offers the flexibility, business functionality and third-party integration capabilities we were looking for from a core provider,” said Todd Cover, EVP and COO of Mars National Bank. “We need an open architecture system that we can grow into and provides us the ability to add new products and services to remain competitive in our market.”
Cover added, “Another advantage of Open Solutions’ The Complete Banking Solution is the front-end and back-end standardization it offers. It operates in real-time and will create efficiencies and streamline operations throughout the bank. We also hope to enhance some of our existing products with the capabilities offered by the core platform and the cView™ business intelligence suite.”
Built on a powerful Oracle® relational database, The Complete Banking Solution’s open architecture and customer-centric platform is designed to help community financial institutions streamline both the front and back office applications with a focus on customer service. The Open Solutions core platform offers banks a centralized view of its specific relationships with customers, employees and business partners.
Louis Hernandez, Jr., Open Solutions chairman and CEO, said, “Open Solutions’ primary objective is to offer a complete, enterprise-wide data processing solution that allows institutions like Mars National Bank to offer innovative products and services, deliver outstanding customer service and be competitive in their market. We appreciate the opportunity to partner with the bank and help them achieve their business goals.”
About Open Solutions Inc.
Open Solutions Inc. offers a fully featured strategic product platform that integrates core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting tools, imaging, digital documents, Check 21, interactive voice response, network services, Web hosting and design, and payment and loan origination solutions. Open Solutions’ full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States and Canada to better compete in today’s aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.
For more information about Open Solutions or its financial product line, contact Mickey Goldwasser by email at mgoldwasser@opensolutions.com by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions’ Internet site at www.opensolutions.com.
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Whitehill Technologies Inc. wins Customer Experience Award at the Microsoft Partner Program IMPACT Awards
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Whitehill also named to Microsoft Gold Certified Partner status
Whitehill Technologies Inc. has won the award for outstanding customer experience at the 2006 Microsoft Partner Program IMPACT Awards.
The New Brunswick-based software developer beat out two other finalists in the Customer Experience category. Whitehill was named the winner for its work in helping a large U.S. law firm, Blank Rome LLP, create an innovative electronic reporting system.
The Microsoft Partner Program IMPACT Awards were presented last week at a gala dinner in Toronto. Kevin Berry, VP of Legal Sales, Whitehill Technologies Inc., accepted the award on the company's behalf.
"We are incredibly proud and honored to receive this award," said Berry. "Customer focus is one of the pillars of Whitehill's philosophy. We are committed to creating a delighted customer on every project, and this award is an affirmation of our success."
Whitehill Technologies develops and implements software which lets businesses produce effective, customized documents and reports. The Blank Rome project involved transforming its many cumbersome paper reports into electronic format, delivering them via e-mail, and personalizing them for each recipient.
In a submission to the judges, Blank Rome said the solution provides each person with information that is particular to him or her. "I could probably talk all day about the different things we do with Whitehill," said Sue Mikelsons, Financial Systems Administrator, Blank Rome LLP. "It gives us information that allows us to make better business decisions."
Blank Rome is one of the largest law firms in the United States, with ten locations across the country.
Whitehill Technologies was also recently awarded Gold Certified Partner status, the highest level in the prestigious Microsoft Partner Program. Gold Certified Partners represent the highest level of competence and expertise with Microsoft technologies, and have the closest working relationship with Microsoft.
The fourth annual Microsoft Partner Program IMPACT Awards acknowledge the exceptional work technology partners in Canada are doing with Microsoft-based technologies and software to deliver innovative solutions and unmatched value to their customers.
About Whitehill Technologies Inc. (www.whitehilltech.com)
Whitehill Technologies, Inc. develops and implements document and compliance automation solutions that help customers accelerate key business processes. Whitehill's software helps insurers, law firms and other businesses personalize and accelerate the way they communicate with customers, getting the right information into the hands of the right people. More than 1,000 customers in 45 countries have used Whitehill software, including half the largest 100 insurers in North America and two thirds of the largest 250 law firms in the world. Whitehill is a privately held company with more than 200 employees in Canada, the United States and the UK. Whitehill is headquartered in Moncton, New Brunswick, Canada.
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EDS SOLCORP Extends Woodmen of the World Relationship
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ProductXpress and INGENIUM enhance policy and product administration
EDS SOLCORP (EDS) announced that Woodmen of the World Life Insurance Company, a non-profit fraternal benefit organization, has chosen ProductXpress to help it streamline and automate its product implementation process, accelerating the delivery of new products to its customer members.
Woodmen of the World is an existing EDS SOLCORP client, having used EDS’s INGENIUM policy administration system since 1998. ProductXpress, a calculation and product design solution, will be phased-in over the next year.
“ProductXpress was the best choice for us, both in terms of its compatibility with our existing system, and the flexible, robust toolset it delivers to our team,” said Frank Logan, Assistant Vice President, Information Technology, Woodmen of the World. The deal announced today includes licensing, software support and professional services and training.
“We’re pleased to be chosen to continue to play a role in of the WorldWoodmen’s success,” said Mike Mansfield, leader of the EDS SOLCORP Business Unit. “As the insurance industry evolves, our team is committed to developing and delivering innovative, relevant solutions to help our clients increase their competitive advantage.”
About Woodmen of the World
Woodmen of the World was founded in 1890 as a fraternal benefit organization. Today, Woodmen of the World offers insurance, annuities, mutual funds*, and 529 college savings plans*. Nearly 800,000 Woodmen of the World members across the country share a commitment to family, community and country.
Life and health insurance and annuity products are issued by Woodmen of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society, a Nebraska corporation that is licensed as Woodmen of the World Life Insurance Society (Woodmen of the World) in all states and the District of Columbia, except CA, CO, ID, MT, NV, OR, UT, WA and WY. In those states, Woodmen of the World is licensed as Omaha Woodmen Life Insurance Society (Woodmen). Not all products are available in all states. Not all representatives are licensed to sell all products.
Securities are offered and processed through Woodmen Financial Services, Inc., 1700 Farnam Street, Omaha, NE 68102, 877-664-3332, member NASD/SIPC, a wholly owned subsidiary of Woodmen of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society. Mutual funds and 529 college savings plans are issued by companies that are not affiliated with Woodmen of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society.
Learn more at www.woodmen.com
About EDS SOLCORP
EDS SOLCORP, a global business unit within EDS, is a leader in software solutions and services for the life insurance and wealth management industries. For 25 years, EDS SOLCORP solutions have helped customers reduce their total cost of administration, accelerate time-to-market for new products, and streamline their infrastructure.
Visit us at http://www.solcorp.com
About EDS
EDS (NYSE:EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 40 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world.
Learn more at http://www.eds.com
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Corillian and uMonitor Partner for Online Account Opening & Funding Services
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Combined Solution delivers end-to-end delivery solution for attracting and retaining new customers online
Corillian Corp. (NASDAQ: CORI), the top provider of online banking, payment and security solutions to the financial services industry, and Parsam Technologies, the provider of uMonitor financial services for online customer acquisition and retention, announced a partnership to combine Corillian’s leading online banking services with uMonitor online account opening and funding, funds transfer, premium account aggregation and other services.
Under the terms of the new partnership, Corillian will market Parsam’s market-leading uMonitor customer acquisition and retention services to existing and new customers. Combined with Corillian’s online banking and payment solutions, financial institutions will have a powerful end-to-end online delivery solution for acquiring new customers and increasing profitability of existing customers. The combined solution will provide integrated account servicing with account opening services to enhance the online and branch channels, enabling financial institutions to begin selling more aggressively online and make the process for applying for a new account much easier. This partnership will allow financial institutions to more effectively leverage the online channel not only for customer self service, but also for online product sales.
"The online delivery channel has proven itself as a solid customer retention and self service channel, and now we want to open the door to more online sales for our financial institution customers," said Alex Hart, president and CEO of Corillian. "As we continue to expand our offerings, partnering with the right companies enables us to bring greater value to our customers. We partnered with uMonitor for their success and reputation in automating the online account opening process. Also, their ability to integrate with many platforms will allow us to rapidly bring these services to our customers."
Both Corillian and uMonitor platforms are recognized in the industry for their superior quality and services. Working together, they will accelerate the adoption of these new services for the benefit of their customers.
"This partnership creates unique opportunities for both companies to address the growing demands from financial institutions to expand online services and improve branch productivity," stated Dinesh Sheth, CEO of Parsam Technologies. He added, "We are delighted with this vote of confidence by Corillian and look forward to working with the Corillian team to meet their customers’ demand for productivity improvements and expansion of the online channel with full branch level capabilities using best -of-class technologies. This partnership is moving forward with a very strong start, and there are many customers using these services now and more are ready to launch it in the coming months."
uMonitor is recognized in the financial services industry for delivering highly dependable services to meet credit union and bank requirements – the best technology, exceptional customer service, and fast system implementation – at a very affordable price.
About Corillian Corporation
Corillian is the market leader of online banking, payment and security solutions to the financial services industry. With 30 of the top 100 U.S. banks and 21 of the top 100 U.S. credit unions as customers, Corillian serves over 35 million online banking end users. Corillian provides the most flexible, scalable and secure set of online banking applications across multiple lines of business, integrating best-practice functionality developed for some of the most innovative financial institutions in the world. Corillian features integrated applications across Consumer Banking, Small Business Banking, Business and Consumer Payments, Wealth Management, Credit Card Management, and Corporate Cash Management, as well as enterprise wide solutions, including Fraud Detection, Alerts, eStatements, and OFX. Corillian's fraud prevention solutions use Preemptive Forensics™ to protect web sites from phishers, hackers, and fraudsters. Corillian's strong authentication solution provides a low-cost solution for multi-factor authentication while maintaining high user satisfaction. Empowered by Corillian solutions, some of the world’s most visionary financial institutions provide their customers with the tools to manage their finances more effectively and securely. For more information about Corillian Corporation, visit the company’s web site at www.corillian.com
About Parsam Technologies (uMonitor)
Parsam Technologies, based in Memphis, Tennessee, is the leading provider of uMonitor financial technologies. Parsam offers a wide range of online solutions specifically designed to help credit unions, banks, and financial institution professionals give their customers the most up-to-date services. These customizable solutions enable financial institutions to increase profitability, generate revenue, improve regulatory compliance, improve employee productivity, and delight their customers while reducing costs. uMonitor technologies include New Account Setup and Online Funding with Switch Kit, New Loan Application Processing, Funds Transfer Service, Bill Presentment and Payment Solutions, Premium Account Aggregation Service, Document Management System, Client Relationship Management and other services. Parsam Professional Services, SRC, delivers consulting services for systems integration and staff and skill augmentation. For more information, please visit www.umonitor.com.
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Travis Champion Joins the COSS Business Development Team
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A veteran of the financial services industry and the United States Navy, Travis Champion has joined COSS as Vice President of Business Development. Champion’s career has focused on several areas in the financial industry, most noticeably by working in financial management for two of the nation’s largest banks and by managing software product lines for a large, international corporation. His experience has led him to work with brokerage firms, mutual fund companies, insurance companies, and early stage start-up companies. A graduate of Appalachian State University, Travis holds a Bachelor’s degree in Finance and Banking.
“We’re very excited to have Travis as a member of the COSS Team,” states Jay Stevens, Sr. VP of Sales and CMO. “Many of our clients will see or speak with Travis in the coming months, as he will continue to build positive relationships between COSS and our clients.”
About COSS:
COSS is an employee-owned technology company serving the financial services industry with point-of-sale solutions. Founded in 1987 with offices in Wisconsin, North Carolina, and Georgia, COSS offers a complete suite of solutions, including product illustrations, hypotheticals, historical illustrations, asset allocation, needs analysis, advanced marketing, wealth distribution planning, intelligent forms, and interactive agent training. COSS provides Web and desktop solutions in both the .NET and J2EE environments.
For more information about COSS go to www.coss.com.
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