London, England, 30 August 2004 –
Finantix, the leading software vendor of
process-oriented, client-centric and
sales-driven financial components for
retail, private, corporate and financial
services firms, is pleased to announce that
Celent Communications, a reputable
financial-focused market analyst, has recognised Finantix as a well-positioned
solution provider in the fast evolving
retail banking sector. The acknowledgement
was recently published in Celent’s
’Comparing European Branch Automation
Solutions’ report.
Celent selected ten major US- and EU-based
providers and analysed their software
solutions according to macro dimensions
(Product Coverage, Channel Support, Sales
and Service Features and Functionalities)
critical to successfully renewing branches
as client-centric and service-oriented
environments. The report also provides
market insight, technology analysis and
extended company profiles of each vendor as
well as recommendations for future-safe
investments.
According to Celent’s evaluation, Finantix
is the sole provider that thoroughly meets
the macro-criteria relevant to a
market-driven innovation of a bank’s retail
division. Finantix Components provide full
support for all branch transactions
(Banking, Lending, Insurance, Investments
and Treasury), are available over multiple
channels (Internet, Call Centre, IVR, ATM,
Wireless, IFAs, iDTV), offer comprehensive
sales and advice functionalities (Single
Client View across products/channels,
cross-selling, sales prompts, campaign
management, alerts to clients) and include
extended service features (Integrated advice
tools, Control/Track cash flow, Monitor
sales performance of branch staff, Monitor
client performance/profitability, Workflow
Tool).
Celent strongly recommends financial
institutions striving to be competitive on
the retail market to invest in Web-based
branch automation technology solutions
adopting open architectures. “We expect to
see additional partnerships and mergers
between more specialised automation players
and other technology providers,” foresees
report’s author Isabella Fonseca. “In view
of this, branch automation technology will
need to support not only transactions, but
also sales and service functionality.” In
this respect, Finantix Components perfectly
match business and technical requirements.
The ability to cover critical aspects of
retail banking operations and to offer
financial-specific operational and analytic
CRM with full orientation to process and
delivery organisation optimisation across
channels, combined with the adoption of J2EE
standards and MDA architecture, position
them uniquely on the technology financial
scenario. Finantix Components help financial
institutions automate and innovate branch
strategies, speed and ease in operations and
enhance service quality for more demanding
clients.
Celent evaluation confirms Finantix market
leadership in providing well-designed
applications both to retail and private
financial organisations leaving clients the
total freedom to choose, implement, control
and extend the components that revolutionise
their general sales and delivery
infrastructure and branch operations.
About Celent
Celent is a global research and consulting
firm focused on the application of
information technology in the global
financial services industry. Celent
publishes reports identifying trends and
best practices in financial services
technology, and conducts consulting
engagements for financial institutions
looking to use technology to enhance
existing business processes or launch new
business strategies. With a team of
internationally experienced analysts, Celent
is uniquely positioned to offer strategic
advice and market insights on a global
basis.
About FINANTIX
Finantix offers component-based software
solutions that enable financial institutions
to better service clients, increase sales
and optimise multi-channel delivery
organization. With offices in Helsinki,
London, Milan, Munich, Singapore and Venice,
Finantix provides process-oriented,
client-centric, sales-driven financial
components for retail, private, corporate
and financial services including: retail
advice and financial planning, branch
innovation, lending and mortgage
origination, financial relationship
management, wealth management and private
banking, bancassurance, mutual fund
supermarkets, brokerage and internet
banking, SME and corporate banking advisory
services.
Leading financial institutions such as
Standard Chartered Bank, Bank of China,
Dunfermline Building Society, Credit Suisse,
Friesland Bank, Banca Popolare di Milano,
Banca Intesa, Kookmin Bank, Banca Lombarda
among others selected Finantix solutions to
turn their delivery organization into a
sound orchestration of human and technical
resources that innovates branch servicing,
improves advice capabilities, increases
sales productivity and supports customer
satisfaction.
Finantix Components follow a consistent
approach that leverages a client-focused,
enterprise-wide data model. They adopt a
flexible process and workflow management
architecture with specific attention to
reusability, process assembly and
customization capability across multiple
business channels. A set of Model Driven
Architecture and J2EE compliant development
tools, offers to Finantix Components clients
complete ownership options, Rapid
Application Development capabilities, strong
maintenance and ownership cost-reduction,
with full control on multi-channel and
branch renewal projects. Finantix Components
have been smoothly integrated with many
proprietary legacy systems and standard
back-end products allowing financial
institutions benefit from a front-to-back,
proven integration that eliminates all risks
and costs related to expensive and time
consuming integration activities.
High reputable market analysts -
Datamonitor, Forrester and Celent amongst
others -have recognised Finantix as one of
the most relevant financial services
software provider in Europe and Asia thanks
to the end-to-end product coverage and the
solid architecture of its solutions. In 2003
Forrester ranked Finantix solution as the
leading European Advisors Planning Tools.
Full Celent's report is available at
www.celent.com
For further information please contact:
Finantix
Marika Kauranen
Tel: +358 (0)201 5533 80
Email:
marika.kauranen@finantix.com |
