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Eontec™ v 5.0 rapidly transforms financial institutions into customer-centric organisations with pre-defined banking processes

Dublin, 5 June 2002 – Eontec, the global leader in the development and delivery of Enterprise Java™ Banking solutions, today announces Eontec™ v 5.0. Eontec™ v 5.0 includes the world’s largest resource of proven reusable J2EE™ Financial Components composing over 95 percent of retail banking process functionality. The release also delivers a strategic platform for transition to customer rather than account-focused banking with enhanced object and process models and interoperability with CRM solutions.

Patrick Brazel, executive chairman, Eontec, comments: “Not only are we covering the full range of retail requirements but we are also packaging best-of-breed solutions that address key initiatives such as branch renewal, lending and customer-centric banking. Eontec™ v 5.0 moves Java™ banking technology to a new level of maturity and completeness. Eontec is making component reuse a reality and our message of lowering cost and providing greater responsiveness to customer needs is evidenced by positive feedback from our European and North American client base.”

Financial institutions with urgent needs to replace ageing DOS or OS/2 legacy systems will benefit from enhanced Eontec™ v 5.0 Modules; including Branch, Internet, Call Centre and Lending, offering an extensive range of reusable functionality with unlimited scalability that can be extended to other channels. In addition to this, new components focusing on entitlements and payments address the new generation of corporate banking requirements. Also, Eontec™ version 5.0 can now support ‘always on’ mobile connections such as GPRS and iMode.

Organisations with more complex requirements will also benefit from the major enhancements to the Eontec™ WorkBench and Eontec™ MCA Services. The focus is on aligning business and IT to ease the business transformation process for financial organisations, enabling them to migrate complex back-office systems to the mid tier and undertake sophisticated business re-engineering and channel integration projects with total control in-house.

John Randles, chief technology officer, Eontec, comments: “As more institutions turn to Java™, we find many projects at varying stages of maturity. Eontec™ v 5.0 can embrace these efforts, interoperate with in-house and third party frameworks and accelerate the benefits naturally expected from Java. Integrating Eontec™ Financial Components in this way offers clients a compelling price advantage, superior quality and reduced risk, thereby increasing the certainty of success.”

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About Eontec

Eontec is the global leader in the development and delivery of Enterprise Java™ Banking Solutions. Eontec offers a broad range of functionality for retail and corporate financial services including branch renewal, lending, payments, wealth management and credit card services. These can be deployed across multiple channels such as the internet, wireless devices, call centres, ATMs and branches.

The Eontec “Buy and Build” vision enables financial institutions to assemble and extend Eontec Financial Components into a tailored enterprise solution, and to realize the promise of J2EE™ – cost reduction and speed of implementation through reuse of components.

Acting as a strategic platform for business re-engineering, Eontec enables financial institutions to manage technology transition, and to extract real business benefits from existing CRM and legacy investments by integrating them with Financial Components in a flexible and massively scalable environment.

Eontec pioneered EJB™ technology for the financial services industry and was the first company to offer EJB-based multi-channel banking software. Today Eontec offers a next-generation J2EE-based solution, whose elements include hundreds of Financial Components; Multi-Channel Services and an integrated assembly environment that automates every element of the development and delivery life-cycle.

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, the United States, Canada, Germany, the UK, Japan and Singapore.

For further information:

Karin Clark/Sara Toal
Write Image
Tel: + 44 (0) 207 959 5400


Lisa Kelly/Yvonne Stimpson
Tel: + 353 1 433 5300

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