BroadVision Helps EFG Bank Expand Its Online Business and Troubleshoot Back Office Claims; Major Global Financial Player Deploys BroadVision Process.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- BroadVision, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BVSN BVSN Broadvision, Inc. (stock abbreviation, AMEX) ), a global provider of web self-service solutions, today announced that EFG EFG Electric Field Gradient EFG Edge-defined Film-fed Growth EFG European Financial Group EFG European Federation of Geologists EFG Egyptian Financial Group EFG Epic Fail Guy EFG Earth Federation Government (Mobile Suit Gundam) Bank (www.efggroup.com), one of the World's leading private banks and specialists in asset management, has deployed BroadVision(R) Process(TM). The latest component of BroadVision's Self-Service Suite, is being used as an internal back-office application for managers to troubleshoot claim tracking queries between offshore offices, providing critical processes to improve claim resolution efficiency. EFG Bank based in Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Switzerland, with operations in Miami, Buenos Aires, Hong Kong, Singapore, Stockholm, Gibraltar and Guernsey, and other locations around the world, operates as an international private bank that offers key European and offshore financial products. EFG's success results from developing a close understanding of clients' needs and pro-actively meeting those needs. "As an existing customer of BroadVision's, we were excited about BroadVision Process," stated Marc Clement, vice president, EFG bank. "At the time, we were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a solution to help address and define the internal processes around the claim tracking system between our back-end support teams in the Geneva headquarters, who are responsible for reviewing and countersigning client requests to ensure approval, and our traders in offshore offices who are working directly with our clients. We realized BroadVision Process could solve this challenge for us." EFG Bank has grown both organically and through mergers and acquisitions, but in February 21, 2005, EFG Bank became a truly global operation in private banking. Previously, EFG Bank had worked with BroadVision alongside TEMENOS For the municipality in Crete see Temenos, Greece. Greek Temenos (τέμενος[1], from the Greek verb τέμνω to develop new functionality that catered to specific needs within the private banking business, especially being able to show dynamic real-time investment structures and evaluation portfolios from the back-end system. "BroadVision Process was deployed in just two weeks and once in place, the claims tracking process became streamlined, efficient, agile, and has provided us with a business application that matched our requirements today and in the future," noted Marc Clement. "We have seen concrete value since deploying the solution, and in addition to improving the day-to-day running of the business, work flow is now auditable and documented so we can comply with any requests that we need to regarding internal or tax regulations." By leveraging the capabilities of BroadVision Process, EFG Bank is now able to deliver a complete 360-degree solution which addresses the interactive front-end right down to the information stored and managed within its back-end system. About EFG Bank EFG Bank has a clear and constant focus on private banking. It is committed to giving clients the advice and level of service they expect and desire, courtesy of its unique business model. Based in Zurich, Switzerland, it is a member of the EFG Group (a 66.7% voting right Voting Right The right of a stockholder to vote on matters of corporate policy as well as on who is to compose the board of directors. Notes: Most voting involves decisions on issuing securities, initiating stock splits, and making substantial changes in the corporation's shareholding). Management and Client Relationship Officers also have a significant stake in the business (a 33.3% voting right shareholding). EFG Bank has an extensive global network, with the ability to book assets across multiple regions. It has representations in Switzerland (Zurich, Geneva, Valais); in other European regions (Luxembourg, Guernsey, Gibraltar Scandinavia: Malmo, Goteborg, Helsinki, Stockholm); Asia (Taipei, Singapore, Hong Kong); Americas (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Miami, Buenos Aires). At end-2004, assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. stood at CHF CHF In currencies, this is the abbreviation for the Swiss Franc. 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. 22.1 billion, on behalf of 15,000 clients. www.efgbank.com About BroadVision BroadVision (BVSN) is a global provider of web self-service solutions. Our agile commerce and portal applications enable customers to quickly create and adapt online processes to keep pace with changing business requirements. Over 1,000 organizations -- including Circuit City, Yankee Candle, Vodafone, Cardinal Health, Hewlett-Packard, Toyota, Japan Airlines and the U.S. Air Force -- serving nearly 75 million registered users, rely on BroadVision's open solutions to power and personalize their mission-critical web initiatives. For more information about BroadVision, Inc., call 650-542-5100 or visit www.broadvision.com. BroadVision and BroadVision Process are trademarks or registered trademarks of BroadVision, Inc. in the United States and other countries. |
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