Citibank Worldwide Security Services Licenses Montclair Financial Technology's Web Based Product Suite.Business Editors HOBOKEN, N.J.--(BUSINESS WIRE)--Sept. 19, 2000 Montclair Financial Technology (MFT (1) (Master File Table) A list of files in an NTFS volume. It contains the name, size, time and date, etc. for each file. See NTFS and FAT. (2) (Managed File T ) announced today that Citibank Worldwide Security Services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the (WWSS WWSS Worldwide Satellite Systems (US DoD contract vehicle) WWSS Warfare and Warfare Support System ) has chosen MFT's suite of applications to build Citibank's own Global Custody data warehouse. The MFT products selected include the MFT DataWarehouse, InVision, Investor Workstation (IVW IVW Informationsgemeinschaft zur Feststellung der Verbreitung von Werbeträgern EV (German auditing institution) IVW In-Voluntary Withdrawal ) and Global Performance Measurement. MFT applications will provide a major part of the infrastructure to enable the integration of WWSS's various systems around the world, as well as providing a suite of dynamic browser/internet-based portfolio inquiry and analysis tools. "MFT has developed a data warehouse that is specifically designed to service our business," explains Mike McGovern, Vice President and Manager of Cross Border Custody Services. "MFT's application architecture provides an extremely flexible, effective and efficient means of making data available to both our customers and employees worldwide. This architecture will also provide the framework for consolidated data storage, information systems needs, and management information," adds McGovern. "We are extremely pleased that Citibank has chosen MFT to be such an integral part of this strategic initiative," said Tom Charlton, MFT's President. "Our selection demonstrates that MFT products can meet the needs of even the very largest financial institutions. We are very proud that Citibank has selected us and are delighted that our products mesh so well with Citibank's own business and automation plans." MFT's DataWarehouse will be utilized by Citibank to consolidate information from its global network of securities processing and accounting systems. The MFT DataWarehouse will also be the central repository of customer information, including holdings, transactions, securities, FX, and corporate action information. Once consolidated on the MFT DataWarehouse, the information will be accessed online using MFT's desktop products, either over the Internet using the MFT's InVision offering, or via MFT's Windows-based Investor Workstation. Citibank will deploy the MFT desktop and data warehouse products both for its own internal use and for its customers, on a worldwide basis. "We were especially impressed that MFT provides an integrated and well architected approach for both Internet and Windows-based access to their data warehouse," adds McGovern. "A key element in our strategy is to deliver information over the Internet, and MFT matched up very well in this regard." "From our perspective, one very exciting aspect of the Citibank implementation is that Citibank will be updating information on our data warehouse on a continuous and real-time basis," noted MFT's Charlton. "Our applications were always designed to support real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. feeds, and this will certainly be the broadest use of this facility to date." "Our goal continues to be to enable end-users to access their own portfolio information easily, where ever they are and whenever they need it, whether at home, at the office, or on the road," adds Charlton. "Our work with Citibank will take us another important step toward achieving this goal." MFT's first product, its Windows-based Investor Workstation, was first announced in late 1995 and is now in its fourth release. Since then, MFT has delivered to the market place a complete suite of complementary application products, including Global Performance Measurement, InVision, DataLink, Enterprise Reporting With the dramatic expansion of information technology, and the desire for increased competitiveness in corporations, there has been an increase in the use of computing power to produce unified reports which join different views of the enterprise in one place. , and its newest offering, a "rules based Using "if-this, do that" rules to perform actions. Rules-based products implies flexibility in the software, enabling tasks and data to be easily changed by replacing one or more rules. " the Compliance Monitor module. MFT's next product offering (scheduled for year-end 2000) is a fully integrated portfolio analysis and decision support component. MFT's technical architecture is multi-tiered, COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. object-based, and utilizes modern relational technology running under Microsoft SQL Server A relational DBMS from Microsoft that is a major component of the Windows Server System. It is Microsoft's high-end client/server database and is closely integrated with Microsoft Visual Studio and the Microsoft Office System. , Oracle, or Sybase. MFT's desktop products require either 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. or a standard Internet browser, either Netscape Navigator or Internet Explorer. Montclair Financial Technology (MFT) is a software and consulting services company that specializes in the development of information management and accounting software applications for the investment management, trust and insurance industries. MFT software products operate off a central data warehouse and are designed to enable end user computing Using a desktop or laptop computer. and information delivery over the Internet. |
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