Venice, Italy, 3rd June 2004

Finantix the European leading company specialising in component-based, client-centric and process-led software solutions for retail, private and corporate banking, announced its official membership as an influencing member in the Object Management Group™ (OMG).

OMG is a non-profit industry consortium responsible for developing and maintaining distributed computing specifications and standards (CORBA, UML, MDA, MOF, CWM and XML) for interoperable enterprise applications. It comprises totally more than 800 big firms – amongst these giants IBM, Oracle, HP, Sun Microsystems, W3 Consortium -, and hundreds of small enterprises global wide.

Currently OMG influencing work party includes 101 big and medium-sized, world-wide companies.
Finantix is the only European software company, completely focused on banking and financial services, having joined the consortium and being granted with this level of membership. Influencing members are defined as critical participants and a voting force within Special Interest Groups and Task Forces.

Finantix decision to take part to OMG activities reflects the company conviction that adopting object-oriented, standardised, flexible approaches dramatically improves critical success factors helping clients to jump ahead of the competition. This has been concretised by adopting OMG standards and specifications - such as the Model Driven Architecture™ (MDA) - for designing and implementing Finantix Components and architectures offering clients tangible benefits: process-oriented methodology, truly client-centric orientation, full reusability of Finantix components and modules across multiple business and technical channels, platform portability, unparalleled customization capability, technology scalability, full control on processes, fast time-to-market through accelerated deployment and future-safe investments.

The MDA capabilities encapsulated into the Finantix Components guarantee to distinguish business processes from technology platform giving clients the freedom to select the system architecture framework which fits their own business vision enabling them to promptly react to market challenges. In fact the technological platform is separately maintained from the business functionality and the IT infrastructure can evolve with no impact on business functionality. By adopting the MDA-drive, object-oriented approach Finantix Components allow full definition of enterprise applications including business logic, front-end logic and connectivity with third-party systems. Financial institutions can shape, manage and fully control enterprise applications and architectures by leveraging Finantix Components and tools, such as Finantix Studio, for defining, implementing and adapting rapidly business models.

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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