Client/Server technology gaining momentum with banks; With 11 banks live on its true client/server pulse system, EastPoint Technology sees the next generation of banking systems emerge.BEDFORD Bedford, town, England Bedford, town (1991 pop. 75,632), county seat of Bedfordshire, central England, on the Ouse River. It is an important industrial center; diesel engines, pumps, turbines, agricultural machinery, electrical equipment, and transistors , N.H.--(BUSINESS WIRE)--Oct. 10, 1995--One year ago EastPoint Technology, a small software development company located in quiet Bedford, N.H., had 25 employees, and two banks on its latest release. When talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to" lecture, speech rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to prospects about its full service banking software, there were always two questions that had to be addressed. The first concerned what client/server An architecture in which the user's PC (the client) is the requesting machine and the server is the supplying machine, both of which are connected via a local area network (LAN) or wide area network (WAN). was, and only then, why EastPoint Technology. Many times the conversation never overcame the education curve needed to understand and appreciate what the combination of open-systems host computers and PC workstations is capable of delivering. Today EastPoint has 40 full-time employees and 11 banks running its Pulse 6.0 software. With another three financial service organizations signed and scheduled to be converted the end of first quarter 1996, EastPoint's $9 million investment in client/server technology is translating into rapid growth. EastPoint's director of marketing, Dean Nicholaides, commented, "The biggest difference is we are getting calls from banks that have already decided they need client/server technology, and they are actively 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. companies that can fill that need." This change is the result of a number of factors. Conferences like Microbanker and FutureBank have been focusing on client/server as an emerging information systems strategy since 1989. Many leading banking technology consultants have carefully watched the client/server companies evolve. They advised interested clients to wait until this move away from mainframe systems matured. This holding pattern is breaking up with what one consultant calls "well-defined" moves by companies like EastPoint into the banking market. Finally, the amount of published information about client/servers has increased dramatically. This includes coverage in trade articles, newsletters, and books like Client Server Strategies by David Vaskevitch. Unlike other banking technologies that generally find a particular niche within the broad range of financial service organization types and sizes, client/server appeal is less restricted to type. EastPoint installations range from $70 million community commercial bank, to two Federal Home Loan Banks Federal Home Loan Banks The institutions that regulate and lend to savings and loan associations. The Federal Home Loan Banks play a role analogous to that played by the Federal Reserve Banks vis-à-vis member commercial banks. with combined assets of $45 billion. Other clients include three major investment firm subsidiaries and an acceptance corporation, a specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. , high volume consumer loan operation. The Pulse system has also attracted foreign banks including a $4 billion Australian Australian pertaining to or originating in Australia. Australian bat lyssavirus disease see Australian bat lyssavirus disease. Australian cattle dog a medium-sized, compact working dog used for control of cattle. banking firm with large mortgage operation, and a $500 million Greek commercial bank with full international services. Overall, client/server appeals more to banks that share a definite vision of where they need an information system to take them, than those of a common size or organizational structure  This article has no lead section.To comply with Wikipedia's lead section guidelines, one should be written. . Newton, Massachusetts' Business Research Group's Client/Server Forecast confirms EastPoint's experience as the beginning of a technology migration. They are predicting that the U.S. client/server market will grow to $130 billion by the year 2000, a compound growth rate of 26 percent. The 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. component of this is projected to be about 10 percent of the total, but with a compound growth rate of 33 percent. CONTACT: EastPoint Technology, Bedford Gail F. Crimmins, 603/669-8552, ext. 223 |
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