Canadian Imperial Bank of Commerce -CIBC- Selects Eontec For Branch Network Renewal.Business Editors CHARLOTTE, N.C.--(BUSINESS WIRE)--Nov. 28, 2001 CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company chooses Eontec's Enterprise Java(TM)-based multi-channel banking solution as part of its retail bank renewal strategy Eontec, the leading provider of Enterprise JavaBeans See EJB. (specification, business, programming) Enterprise JavaBeans - (EJB) A server-side component architecture for writing reusable business logic and portable enterprise applications. EJB is the basis of Sun's Java 2 Platform, Enterprise Edition (J2EE). (TM) (EJB (Enterprise JavaBeans) A software component in Sun's J2EE platform, which provides a pure Java environment for developing and running distributed applications. EJBs are written as software modules that contain the business logic of the application. )(TM)-based multi-channel banking software, today announced that it has been selected by Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, better known to most customers as CIBC, is one of Canada's major banks. CIBC is classified as a Domestic Chartered Bank (Schedule I). (CIBC) to supply a strategic development platform for its retail banking technology and operations. Eontec will work with CIBC to deliver customized multi-channel banking services and consistent customer experience for over 6 million customers across the bank's Canadian operations. The five-year agreement encompasses the deployment of Eontec's EJB-based multi-channel architecture (MCA MCA in full Music Corporation of America Entertainment conglomerate. It was founded in Chicago in 1924 by Jules Stein as a talent agency. In the 1960s it bought Decca Records and Universal Pictures, and today it produces films, music, and television shows. ) and an enterprise-wide license for its full product suite. As part of CIBC's intensive branch renewal strategy, the first phase of the implementation will encompass the rollout of Eontec's BankTeller on its MCA platform. CIBC's branch banking requirements include process integration with existing legacy applications and the ability to facilitate radical process improvements. BankTeller supports all standard, "over-the-counter" operations at branches such as electronic payments and cash transactions, in addition to enhanced functionality for customer and account maintenance. CIBC then plans to leverage the MCA over the five-year program to include access to a number of additional Eontec product and channel solutions. Subsequent phases are still in the planning stages. "CIBC was 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 framework and a set of banking processes, built on a modern technology," said Linda Dentay, VP and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. , Retail and Small Business Banking, CIBC. "Eontec's platform provides a solid base for banking processes and is a key part of our evolving technology architecture. It will allow CIBC to provide faster, more flexible, reusable solutions for the bank's customers." "Eontec's infrastructure gives CIBC the technology backbone to enhance its existing systems and deploy a comprehensive and flexible multi-channel banking operation," said Colin Piper, president, Eontec North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "This brings significant process improvements and consistency of business rules across banking channels for CIBC staff and unsurpassed quality and efficiency in service delivery to its customers." Eontec was awarded the contract following a comprehensive vendor selection process and after successful proof of product integration and scalability metrics testing. Eontec's consultants will work closely with CIBC's internal development team to ensure comprehensive training and mentoring throughout each phase of deployment. About CIBC CIBC is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. financial institution with more than eight million personal banking and business customers. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. , the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and around the world. For additional information, visit CIBC's Web site at www.cibc.com. About Eontec Eontec is recognized as the global leader in the development and delivery of Enterprise Java Banking solutions and is the only vendor providing an Enterprise Banking Platform that combines business content, architecture and tools in one offering. BankFrame(TM) from Eontec is the next generation global Enterprise Banking Platform enabling banks to achieve a consolidated view of any customer across all service delivery channels. Based on Enterprise JavaBean(TM) (EJB)(TM) technology, BankFrame(TM) is composed of a multi-channel architecture, the world's largest repository of reusable banking processes and a unique and powerful automated toolset. This enables "future-proof" banking solutions to be easily assembled and deployed across all delivery channels, including wireless devices, the Internet, call centers and traditional branches. Eontec pioneered EJB(TM) technology for the financial services industry and today is still building on its significant first-mover advantages. Eontec was the first company to offer multi-channel EJB(TM)-based banking software and the first to offer a fully automated end-to-end design, assembly and delivery toolset for rolling out secure, scalable banking products and delivery channels. BankFrame(TM) is delivered through "JavaBanking.com" the world's first Web portal for banking developers, and deployed by a worldwide partner network. Business Partners include IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Hewlett-Packard, Sun Microsystems, BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. , and Perot Systems. Founded in 1994 by banking and IT specialists, Eontec is based in Dublin and currently employs 300 people worldwide with offices and development centers in Ireland, United States, Canada, Germany, UK and India. For additional information, contact Lisa Kelly at lisa.kelly@eontec.com or visit the company's Web site at www.eontec.com. Company executives will be available for comment at the Bank Administration Institute's Retail Delivery Show 2001 in Anaheim, Calif., booth No. 3140. |
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