Adhesion Technologies Announces the Addition of Personal-Vault Technology Into Its EA2 Financial Consolidation Platform.Business Editors CHARLOTTE, N.C.--(BUSINESS WIRE)--July 24, 2002 Adhesion adhesion /ad·he·sion/ (ad-he´zhun) 1. the property of remaining in close proximity. 2. the stable joining of parts to one another, which may occur abnormally. 3. Technologies, Inc., a leading provider of financial account consolidation software, announces today the general availability of Personal-Vault technology in its EA2 Financial Consolidation Platform. EA2 with Personal-Vault provides users unparalleled flexibility and control over their sensitive account information. "Globally, the cultural and regulatory variations surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. the handling of sensitive personal information demanded a more flexible approach," said Dr. Manoj Sharma Sharma is one of the most common Brahmin surnames among Hindus in India, Nepal and other countries. Meaning of the Surname Sharma is derived from the Sanskrit 'Sharman' which means teacher. According to Sanskrit scholar Dr. , VP of Marketing at Adhesion. "We developed the Personal-Vault capability in EA2 based upon feedback from our financial institution clients and their customers wishing to choose the manner in which personal credentials CREDENTIALS, international law. The instruments which authorize and establish a public minister in his character with the state or prince to whom they are addressed. If the state or prince receive the minister, he can be received only in the quality attributed to him in his credentials. are managed without sacrificing any of the capabilities of our financial consolidation product." Features and Benefits of the EA2 Personal-Vault Technology: -- Users' personal credentials are securely stored in a location of their choice: with their trusted financial institution or locally on their own PC. The credentials are entered only once, securely encrypted, and are only available to the EA2 application. In either case, credentials are never accessible by any person in an unencrypted form. -- In certain locales, the Personal-Vault option assures that usage does not breach the terms and conditions of any financial institution concerned with credentials being "disclosed" to a third party. Credentials are never stored with the host institution. -- The Personal-Vault option assures that aggregation occurs only when requested directly by the user. This user-initiated aggregation model offers compliance with evolving legal and regulatory requirements in certain countries. "We believe we struck an important and useful balance with our Personal-Vault technology," Sharma said. "Financial institutions and their customers continue to benefit from our leading edge data normalization See normalization. , presentation, and delivery capabilities while operating within their business and cultural environments." About Adhesion Technologies Adhesion is a leading provider of software solutions for financial account consolidation, both for internal accounts and those held away. Adhesion's EA2 Financial Consolidation Platform enables financial institutions (FSP's) to create value-added val·ue-add·ed adj. Of or relating to the estimated value that is added to a product or material at each stage of its manufacture or distribution: and differentiating financial management services for their customers. Adhesion delivers a highly functional financial account consolidation platform for banking, broker-dealer Broker-Dealer A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal , financial advisory and asset management clients providing the ability to deploy EA2 within their facilities and seamlessly integrate it with their existing technology and applications. Adhesion is headquartered in Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. and can be reached at www.adhesiontechnologies.com. |
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