LEAGUE DATA SELECTS EONTEC TO PROVIDE ENTERPRISE JAVA™-BASED RETAIL BANKING SOLUTIONS Tuesday 29 January 2002 PDF Print Eontec’s e-Mortgage, teller and sales and marketing services now available to League Data customers Dublin, January 29, 2002 – Eontec, a global provider of Enterprise JavaBeans™ (EJB)-based multi- channel banking software has been selected by League Data, a Canadian-based information services company, to provide a customised solution of Eontec's e-Mortgage, teller and integrated sales and service software to League Data’s credit union customers. League Data provides a suite of business solutions including an on-line financial engine, Internet and telephone banking capabilities, and related hardware and software. Credit unions and associated organisations utilise identified solutions as the basis for delivery of electronic services to their members. League Data will now offer Eontec’s e-Mortgage solution, an on-line mortgage application processing system that includes rate quotation, loan origination and tracking services. League Data will also employ Eontec’s branch solution which supports all aspects of ‘over the counter’ activity at branches including advanced security, cash flow analysis and customer profiling. Additionally, League Data will implement an integrated sales and service solution which links front and back-office solutions on one integrated platform, thereby improving efficiency. This delivers up-selling and cross-selling functions that will enable League Data credit unions to maximise face-to-face interactions at the branch. Previously, League Data relied on a proprietary-based solution, but as the company decided to add supplementary services, the older solution proved unsatisfactory. Company officials sighted a key objective for their work with Eontec as the need for an open application framework, in order to quickly and efficiently roll out new products and services. “By implementing an EJB component-based solution, we hope to reduce system support costs and employee training time while offering more intuitive, standard and consistent interfaces with our back-end solutions,” said Steve Mills, SVP & COO at League Data. “Eontec is helping us to construct a solution that allows us to centralise as much processing as possible in one location and still provide the same response time for core transactions.” “The face-to-face interaction that occurs in branches is the longest sustained contact that staff have with their customers,” said Colin Piper, president of North American Operations at Eontec. “League Data realised that how they enabled credit unions to leverage each customer visit meant the difference between improved profitability and possible erosion of their customer base. Eontec will allow them to make the most of each contact.” Eontec has the world’s largest repository of EJB-based software processes, an open multi-channel architecture (MCA), proven methodology and automated tools for assembling scaleable banking solutions. Eontec enables financial institutions to implement Enterprise Java Banking solutions across all delivery channels with improved efficiency and reduced costs. It provides real-time closed-loop transactions which ensure that information about customer contact can be both gathered and shared through any channel instantaneously. -Ends- Digital photograph available upon request About League Data League Data has provided credit unions with business solutions to offer quality electronic services to their members by matching technology to their members' present and future needs since 1975. League Data provides an on-line financial system to 75 credit unions at 137 locations throughout Atlantic Canada. The company processes more than 38 million transactions per year. For further information: Karen Musial Communications Marketing Coordinator League Data Tel: + 1 (902) 493-4609. About Eontec Eontec is recognised as the global leader in the development and delivery of Enterprise Java Banking solutions and is the only vendor providing an Enterprise Banking Platform that combines business content, architecture and tools in one offering. Eontec offers a next generation global Enterprise Banking Platform enabling banks to achieve a consolidated view of any customer across all service delivery channels. Based on Enterprise JavaBeans™ (EJB™) technology, Eontec’s solution is composed of a multi-channel architecture, the world’s largest repository of reusable banking processes and a unique automated toolset. This enables ‘future-proof’ banking solutions to be easily assembled and deployed across all delivery channels, including wireless devices, the internet, call centers and traditional branches. Eontec pioneered EJB technology for the financial services industry and today is still building on its significant first-mover advantages. Eontec was the first company to offer multi-channel EJB based banking software and the first to offer a fully automated end-to-end design, assembly and delivery toolset for rolling out secure, scalable banking products and delivery channels. Founded in 1994 by banking and IT specialists, Eontec is based in Dublin and currently employs 300 people worldwide with offices and development centres in Ireland, United States, Canada, Germany, U.K., Tokyo and Singapore. http://www.eontec.com For further information: Karin Clark/Sara Toal/Natalie Cousins Write Image Tel: + 44 (0) 207 959 5400 E: Karin@write-image.co.uk Sara@write-image.co.uk Natalieco@write-image.co.uk Lisa Kelly Eontec Tel: + 353 1 500 9200 E: Lisa.Kelly@eontec.com This press release was distributed by ResponseSource Press Release Wire on behalf of Metia LTD (formally Write Image Ltd) in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.