Federal Home Loan Bank of Pittsburgh Selects Summa Technologies as Technology Services Partner.Summa Leading Modernization of Internet Banking Application PITTSBURGH -- Summa Technologies is pleased to announce a partnership with FHLBank Pittsburgh to lead the re-architecture and modernization of its Internet banking application, Bank4Banks. Offering Credit, Demand Deposit Account, Liquidity and Funding, and Safekeeping Safekeeping The storage of assets or other items of value in a protected area. Notes: Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. services to member financial institutions and other authorized users authorized user Radiation physics A person who, having satisfied the applicable training and experience requirements, is granted authority to order radioactive material and accepts responsibility for its safe receipt, storage, use, transfer and disposal , Bank4Banks is a private-access, secure, transactional and informational web site. The goal of the modernization initiative is to better support FHLBank customers' business needs through a more agile, open-standards based system. The new application will be implemented using industry-leading 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) WebSphere software. Summa began the project with an assessment, providing strategic recommendations for the redesign of the application. Based on the recommendations, Summa is assisting FHLBank with all phases of the modernization project, including the architecture redesign, application development, system integration and implementation. "We are pleased to be partnering with Summa Technologies on this high-profile initiative," said John Cassidy John Cassidy may refer to the following:
"Summa is very proud of our relationship with FHLBank Pittsburgh," said Audrey Dunning, vice president of sales and marketing for Summa. "We have a significant focus on Application Modernization at Summa and the FHLBank partnership provides us with an opportunity to leverage all aspects of this important Summa practice, from inception to project planning project planning - project management and execution. We are excited about this project and looking forward to making it a success." ABOUT FEDERAL HOME LOAN BANK OF PITTSBURGH The Federal Home Loan Bank of Pittsburgh (FHLBank Pittsburgh) is a wholesale bank that serves the housing finance and community and economic development needs of its owner-members. The Bank provides reliable access to low-cost funds, competitive pricing in the purchase of mortgage loans, correspondent banking Correspondent banking is an account that is established by a domestic banking institution on behalf of a foreign bank for the purpose of handling various financial transactions related to the foreign bank. Correspondent banking allows foreign banks to conduct business in the U.S. , technical assistance, affordable housing grants and other programs so members can better serve their own communities. The Bank is privately capitalized and funded, does not use taxpayer dollars, and enjoys a triple-A rating. It currently has 333 members in its district of Delaware, Pennsylvania and West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. and approximately $78.3 billion in assets. FHLBank Pittsburgh is one of twelve Banks in the Federal Home Loan Bank System Noun 1. Federal Home Loan Bank System - the central credit system for thrift institutions financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and , established by Congress in 1932 to support the residential mortgage activities of local financial institutions. ABOUT SUMMA Since 1996, Summa has been providing high-impact IT consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" and customized, commercial-grade software development for companies ranging from regional businesses to Fortune 100 firms. We specialize in helping companies evaluate and implement IT modernization strategies to better meet their business objectives. Whether your business needs a web-accessible interface to a mission-critical application, to renovate legacy systems, or to connect your existing applications together, we can help. Summa is an IBM Premier Business Partner, a BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. Select Level Partner, and a Microsoft Certified Partner. In addition to the corporate headquarters in Pittsburgh, Summa maintains a location in Sao Paulo, Brazil. |
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