Venice, Italy, 11th June 2004

Finantix, the leading European company specialising in component-based, client-centric and process-led software solutions for retail, private and corporate banking, announced today that the Object Management Group™ (OMG) has recently accredited Finantix as a qualified Service Provider of the MDA FastStart™ Program. OMG is the non-profit industry consortium responsible for developing and maintaining distributed computing specifications and standards for interoperable enterprise applications.

Finantix isthe first European software company fully dedicated to the banking and financial services industry to partner with OMGas an approved Qualified Service Provider of the MDA FastStart™ Program.

MDA FastStart™ is a special program designed and managed by OMG to help information technology organisations become familiar with Model Driven Architecture (MDA) concepts and rapidly apply MDA to their mission-critical software development activities. OMG works closely with a selected set of OMG member Qualified Service Providers (QSPs) to implement MDA FastStart, which includes an integrated set of assessment, planning, executive seminars and technical practicum suitable for both IT executives and their technical staff.

MDA is a fast growing technological standard that serves as a pillar of process- and service-oriented, component-based architectures ensuring platform interoperability and independency, component reusability, increased customisation capability, solution scalability, cost control and reduction, and growing revenues. MDA makes it possibleto separate business logic from technical infrastructure, allowing business processes to be accommodated in accordance with evolving business strategies and reused through multiple channels without platforms or technological constraints.

"Financial institutions aiming for independence between functional design and technical architecture will find appropriate standards in MDA technology to synchronise the implementation of these two aspects and speed up the realisation of their business vision”, explains Maurizio Greco, Chief Architect, Finantix. “Finantix helps leverage MDA through existing products and qualified consulting, enablingcost reduction and improving time-to-market. Finantix technologies allow the implementation of robust solutions based on a Service Oriented Architecture concept and a Business Process Management approach."

With a steady track record in implementing Finantix Components and modules through Finantix Studio, a set of tools for Business Process Management compliant software, Finantix’s proven experience is now available, through the MDA FastStart™ Program, to business or technically skilled clientswho want to get to know MDA techniques.

Finantix delivers knowledge, reports and extensive documentation suited to the specific needs ofeach organisation. The program is detailed by a roadmap framed in phases and deliverables and comprises various levels using a theoretic or a practical approach to MDA.

About OMG
Founded in April 1989 by eleven companies, the Object Management Group™ (OMG™) began independent operations as a not-for-profit corporation. Through the OMG's commitment to developing technically excellent, commercially viable and vendor independent specifications for the software industry, the consortium now includes approximately 800 members. The OMG is moving forward in establishing the Model Driven Architecture ™ as the "Architecture of Choice for a Connected World" ™ through its worldwide standard specifications including CORBA ®, CORBA/IIOP™, the UML™, XMI™, MOF™, Object Services, Internet Facilities and Domain Interface specifications.
The OMG was formed to create a component-based software marketplace by accelerating the introduction of standardized object software. The organization's charter includes the establishment of industry guidelines and detailed object management specifications to provide a common framework for application development.

About Finantix
FINANTIX offers component-based software solutions that help financial institutions better service clients and increase sales. With more than 42 active clients all over the world and offices in Helsinki, London, Milan, Munich, Singapore and Venice, FINANTIX offers an unparalleled array of modular, process-oriented, client-centric, sales-driven financial components for retail and corporate financial services including: retail advice and financial planning; branch innovation; lending and mortgage origination; financial relationship management; wealth management and private banking; bancassurance; mutual funds and unit trusts supermarkets; brokerage and internet banking; SME and corporate banking advisory services. All functionality is available over multiple channels adopting cutting-edge J2EE standards and a Model Driven Architecture.
FINANTIX Components are designed with a coherent and consistent approach that leverages a modern, enterprise-wide data model. They adopt a flexible process and workflow management architecture with a specific attention to reusability, process assembly and customisation capability across multiple business channels. All business services, based on a native object-oriented Model Driven Architecture, are available as SOAP services and can integrate smoothly with multiple Enterprise Information Sources such as core banking systems, asset management and insurance applications, data warehouses and other specific applications. The system allows a full reuse of business logic across multiple business channels such as branches, investment services, call centres, external agents, intermediaries, and the Internet with total support of technical channels and devices such as browser, PDA and wireless devices, ATM, IVR, etc


For further information please contact:
Finantix
Marika Kauranen
Tel: +358 (0)201 5533 80
Email: marika.kauranen@finantix.com


    

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