Banco Inbursa Provides a Portal into e-Commerce and Financial Services for Latin American Consumers with Prologic's i-Wealthview.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 29, 2000 Prologic Corporation, the leading global provider of e-software for the converging financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry today announced that Grupo Financiero Inbursa will run its new virtual bank using Prologic's i-Wealthview(TM). The new virtual bank, Banco Inbursa, has licensed the i-Wealthview(TM) Personal Portal A personal home page on the Web that is customized by the user. Typically associated with a search engine and displaying selected information such as news, weather and stock quotes, if the portal publisher offers e-mail, IM or other services, direct links to those systems are also and i-Wealthview Banking(TM) products to provide consumers with added security and convenience through its personalized e-commerce portal and financial management services. The launch of the Mexico City-based virtual bank, planned for the first quarter 2001, will bring together retail banking with Inbursa's existing banking services to strengthen its strategic position in the Latin American financial marketplace, which has been rapidly re-shaped by the Internet. Banco Inbursa is part of conglomerate headed by three holding companies, Grupo Financiero Inbursa, Grupo Carso Grupo Carso is a conglomerate of companies owned by the Mexican tycoon Carlos Slim. It was formed in 1990 after the merge of Corporación Industrial Carso and Grupo Inbursa. The name Carso stands for Carlos Slim and Soumaya Domit de Slim †, wife of Slim. and Carso Global Telecom Carso Global Telecom is a conglomerate of companies formed in 1996 after separating all telecommunication-related companies from Grupo Carso. This company does not have any employees as it is only a holder of stocks of companies such as Telmex, Telcel and América Móvil. , that have a combined market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of over USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $60 billion and account for nearly one-half of Mexico's stock index. Housed within these groups are Mexico's national telephone company (Telefonos de Mexico), retail chain stores (Sanborns, Sears Roebuck) and the CompUSA chain of computer electronics superstores. Banco Inbursa's vision is to enable its customers to manage their banking, shopping and procurement of other household services online through its new portal. Banco Inbursa currently lists assets of USD $4.8 billion and manages 40,000 customer accounts. Prologic's software license and services agreement with Inbursa is valued in excess of USD $10.3 million. Marco Antonio Slim, President of Banco Inbursa, has a clear vision of how the Internet is changing the face of business throughout Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Under his direction, the Inbursa management team started shopping for an intelligent, personal Internet portal that would enable them to uniquely position and cross sell their services. "Bank customers in Mexico are demanding a higher level of personalized service than ever before," said Jose Heredia, Director of Internet Banking at Banco Inbursa. "To stay ahead we have to be able to offer them products and services that speak directly to their personal needs and personal financial goals. i-Wealthview(TM) gives us the tools to achieve this, which will enable us to increase customer acquisition and retention." Grupo Financiero Inbursa established a strategic alliance with Microsoft (Nasdaq: MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) to provide technology to all its companies. Prologic, developer of Microsoft technology-based mission critical financial services solutions for 16 years, proved to be an excellent fit for Inbursa. Prologic's i-Wealthview(TM) solution is built for the Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. 2000/Microsoft SQL Server An earlier relational DBMS from Sybase and from Microsoft. Sybase introduced SQL Server in 1988 for various Unix versions. In that same year, with help from IBM, Sybase created an OS/2 version that Microsoft licensed and branded as Microsoft SQL Server. platform and utilizes the latest Microsoft enabling technologies. Mike Cardiff, Prologic's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. stated, "Inbursa's strategy of employing their `super portal' to cross-market their various companies' products and facilitate e-commerce throughout its virtual community is a great one. Inbursa is establishing a model that will be the envy of the e-commerce world - a success story in which we are proud to play an integral part." Prologic Corporation is the leading developer of software solutions for the global financial services industry. Prologic's customers include 7 of the top 25 largest banks in the world, with over 25 Internet banks using Prologic solutions. Prologic technology enables financial institutions to quickly deploy solutions for their converging financial services offerings, while also supporting capabilities for increasing profitability, customer acquisition and retention. Prologic's i-Wealthview(TM) enterprise wealth management solution features e-banking, e-brokerage and e-insurance. Through strategic alliances with Microsoft, Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. , and other international partners, Prologic's banking solutions are in use in over 350 financial institutions globally. Visit Prologic's home page at www.PrologicCorp.com, or call +1 (604) 278-6470. Prologic, i-Wealthview, My-Wealthview, i-Wealthview Banking, i-Wealthview Wireless, i-Wealthview Personal Portal and Customer Value Management (CVM) are trademarks of Prologic Corporation. Microsoft, Windows and Windows NT are either trademarks or registered trademarks of Microsoft Corporation. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion