Eontec Launches Branch Transformation J2EE-TM- Solution.Business/Technology Editors BAI n. 1. a language spoken in the Dali region of Yunnan. Noun 1. Bai - the Tibeto-Burman language spoken in the Dali region of Yunnan Baic Retail Delivery Conference 2002 ATLANTA--(BUSINESS WIRE)--Nov. 6, 2002 - Offering to Revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. Branch Transformation and Accelerate Delivery of Customer-Centric Banking Across Multiple Channels Eontec, a global leader in the development and delivery of Enterprise Java(TM) Banking solutions, today announced the launch of a mission-critical branch transformation solution for the banking industry. Eontec now delivers Financial Components on IBM's strategic e-business software infrastructure, including WebSphere Application Server (TM) and WebSphere Business Components Composer(TM). It uses proven J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. (TM) technology and complements the full range of IBM's products and services. Eontec's comprehensive range of functionality, together with WebSphere Business Components Composer, enables financial institutions to quickly and cost effectively deploy a highly flexible branch renewal solution, customized to their individual requirements. Eontec's solution can be quickly assembled and easily extended into individually tailored branch solutions. "Interest in innovation and driving value from the branch channel has never been higher. All banks, and existing WebSphere Business Components Composer users in particular, now have available to them a complete platform for creating exciting, new sales and service solutions in their branches," said Patrick Brazel, Executive Chairman of Eontec. "With Eontec's focused excellence in branch systems and IBM's breadth and depth of expertise in implementation, this offering could not have come at a better time for CIOs focused on developing the capability for rapid change." Retail banking is becoming more dynamic with new trends including branch localization Customizing software and documentation for a particular country. It includes the translation of menus and messages into the native spoken language as well as changes in the user interface to accommodate different alphabets and culture. See internationalization and l10n. and automated self-service locations. "As customer behavior is becoming harder to predict, banks have recognized that they need to empower their customers to easily access any product, service or information from any channel," said Mark Greene This article is about the ER character. For other similarly-named people, see Mark Green (disambiguation). Dr. Mark Greene was a fictional medical doctor from the television series ER. He was portrayed by Anthony Edwards. , General Manager of Global Banking, 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) . "This new joint offering will enable banks to achieve this whether their customers use branches, online banking, agent retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → or mobile branch units. Not only does the combined offering provide the most extensive suite of pre-assembled, reusable J2EE(TM) Components for branch renewal, it will allow banks to offer consistent customer service by creating a single customer view across diverse delivery channels. This in turn enhances customer loyalty and creates increased cross-selling opportunities, improving banks' revenues streams." Eontec(TM) Financial Components -- available for branch renewal -- include `branch operations,' `customer services,' `cash services,' and `account opening/maintenance' in addition to the full range of `branch selling services.' These components can subsequently be reused and deployed across multiple channels as part of a strategic enterprise platform. Additionally, Eontec offers a pre-assembled branch module to support all of the over-the-counter branch operations for teller functions and sales platforms. WebSphere Business Components Composer has built-in host integration capabilities that enable banks to protect their investment in legacy systems while extending products and services through multiple channels. WebSphere Business Components Composer provides a set of tools, pre-built components, and technical services to accelerate development of transaction-oriented financial applications. Existing WebSphere Business Components Composer customers and other financial institutions can now add Eontec's Financial Components to their current multi-channel solutions, helping them accelerate the delivery of robust financial applications while providing a unified customer experience. Eontec Financial Components for retail and corporate 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. that are deployable across multiple channels will address the branch transformation market, which is predicted to grow from $3B to $5B worldwide over the next three to five years, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Tower Group. ABOUT EONTEC Eontec is the global leader in the delivery of mission-critical Enterprise Java(TM) Banking solutions to major financial institutions. Eontec provides proven systems assembled from reusable financial components for retail and corporate financial services, including branch operations, lending, payments, and credit card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. . These can be deployed across multiple channels including the branch, call centers, the Internet, ATMs and wireless devices to create a unified customer experience. When used as a strategic platform for business transformation to customer-centric banking, Eontec delivers an operationally driven single view of customer and empowers institutions to roll out innovative services by exploiting existing CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. and legacy systems. Eontec's technology enables them to respond faster to new opportunities and competitive pressures by managing the combination of outsourced operations and insourced product origination which that will characterize banking in the 21st century. Eontec pioneered Java technology in Financial Services and was the first company to offer true multi-channel banking software. Our implementations offer a unique dual benefit - tailored solutions for immediate priorities and a reusable asset for future demands. Today Eontec offers a proven J2EE(TM)-based solution. Composed of business functionality, multi-channel services and an integrated assembly environment, Eontec(TM) realizes the promise of component technology - flexibility, speed and cost reduction. Founded in 1994 by banking and IT specialists, Eontec is based in Ireland and 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. with regional offices in Canada, Germany, the UK, Japan and Singapore. The major investors in the company include Warburg Pincus Warburg Pincus is a private equity firm with offices in the United States, Europe and Asia. It has been a leading private equity investor since 1971. The firm currently has approximately $14 billion under management, and invests in a range of industries including information and , Bank of Scotland Bank of Scotland plc is a commercial and clearing bank, based in Edinburgh, Scotland. With a history dating to the 17th century, it is the oldest surviving bank in what is now the United Kingdom, and is the only commercial institution created by the Parliament of Scotland to (Ireland) and ICC ICC See: International Chamber of Commerce Private Equity Fund. www.eontec.com |
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