Sun-Netscape Alliance and Enterprise Engineering Agree to Market Online Investment Management Solution
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Financial Institutions in the Net Economy Benefit from Solution
Combining EEI's e-FTX with Alliance Infrastructure Products and Custom
Netcenter
NEW YORK, NY (SIA SHOW), June 16, 1999 - The Sun-Netscape Alliance (the Alliance) and Enterprise Engineering, Inc. (EEI) today announced an agreement to market a comprehensive new online investment management solution enabling financial institutions to offer customers online trading and other strategic services that leverage the Internet. The solution combines high-performance financial server software from EEI, infrastructure server software from the Alliance and Netscape's Custom Netcenter, allowing financial institutions to manage customer relationships and offer specialized services through their own financial web portals.
Today's banks, brokerages and other financial institutions are increasingly faced with customers who want the convenience and flexibility of trading online combined with other daily services in a one-stop shopping environment. To meet this need, financial institutions are rearchitecting their web sites using the Alliance application servers, Netscape Directory for Secure E-Commerce and EEI's Enterprise Financial Transaction
Exchange (e-FTX), a financial services integration server. Used in conjunction, the three products offer a complete infrastructure for the high performance, scalability and security features required for online financial combine Internet portal content, such as news, weather and WebMail, with custom financial applications and services -- creating a specialized portal that can effectively attract and retain customers.
This unique approach leveraging the technology and services of EEI, the Alliance and Netscape/AOL sets the solution apart from the point solutions prevalent in the delivery of most online financial services.
"By combining products from the Sun-Netscape Alliance and EEI, customers can obtain a complete end-to-end 'e-finance' solution for financial institutions competing in the exploding Net Economy," said Dr. Stuart Wells, senior vice president of infrastructure products for the Sun-Netscape Alliance. "This unique solution enables rapid deployment of web-based customer service applications and customized web portal sites so that companies can offer more financial services than ever before, including securities, insurance, 401K, account management, and others."
"As the financial industry continues to change and institutions compete to become the online destination of choice, the need to offer a wider array of services becomes essential," said George Anderson, president and CEO of Enterprise Engineering, Inc. "The combination of our products with those available from the Sun-Netscape Alliance will help enable wide distribution and delivery of those capabilities on the most complete and powerful platform available."
EEI's e-FTX is a suite of products consisting of: e-FTX, an extensible core processing engine for online financial services; SIML, a graphic modeling tool for rapid back-end application integration; and Protocol Services, support for major industry standard protocols including OFX, FIX, and FIXML.
The Alliance application servers include the Netscape Application Server and the Sun NetDynamics application server, providing the industry's fastest, most scalable and reliable Internet application servers for deploying business-critical applications on the Internet and Extranets. Netscape Directory for Secure E-Commerce is an integrated Internet directory and security package that includes Netscape Directory Server, Netscape Delegated Administrator and Netscape Certificate Management System software. The bundle provides the directory foundation for Extranet security while adding the certificate management system as an extra level of Public Key Infrastructure (PKI)-based security for more sensitive transactions.
Netscape Personalization Engine and enables businesses to create their own portals with up-to-the-minute content feeds from Netscape's Netcenter Internet portal combined with company-specific information. Prior to Custom Netcenter a company wanting to build its own custom portal would have to acquire a wide range of content and services, build a personalization engine and host the service. Custom Netcenter leverages the investment that Netscape has already made in the Netcenter portal.
"The ability to respond to customer needs more quickly, and provide a wider array of services is a necessity as the Internet continues to drive personalization to new levels," said Jonathan Vaughan, vice president of research and development at Prudential, a large customer of Sun Microsystems and a leader in the financial services e-commerce arena. "We believe in the importance of open standards to allow the rapid evolution of new solutions to meet customer needs. This agreement supports the types of innovation that will enable institutions to service customers better by delivering those personalized services."
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