e-Bank Selects Versata to enhance financial services offerings
By siliconindia   |   Wednesday, 12 February 2003, 20:30 IST
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OAKLAND: Versata, Inc. (Nasdaq:VATA), a provider of software and services that automate the business logic and processes that power enterprise applications, today announced that e-Bank®, a software and services technology company, specializing in enterprise business integration and multi-delivery channel integration solutions for the financial services industry, has chosen the Versata Logic Server to further enhance its flagship product MaxiFI(TM). After extensive evaluation, e-Bank selected Versata because it provided both the business flexibility and system performance that e-Bank's clients demand. "Versata allows us to put the configuration of many of our system components into the hands of the analyst rather than the technicians," said Randy Orkis, CTO for e-Bank. "It also gives us that balance of flexibility and performance without huge performance hits. Being 100% Java, the Versata Logic Server was a perfect fit for incorporation into our solution. By leveraging Versata we just moved farther ahead of the competition." e-Bank's MaxiFI, created specifically for the financial services industry, is designed to unify and distribute information across delivery channel, core processing, and analytical systems. By providing a solution for integrating disparate systems, the product provides a hub for interaction with multiple clients, streamlining the myriad of dealings that financial institutions face daily and provides a technology roadmap for ease of future systems integration and expansion. e-Bank's MaxiFI was already built on a Java J2EE architecture, but this wasn't enough -- they also wanted a solution to provide them with enhanced business flexibility -- the ability to implement and continually change complex business flows in a rapidly changing economy. After researching alternative products, e-Bank ultimately chose Versata's J2EE business logic solution because of the technology's unique ability to implement requirements as business rules, simplifying both application development and change management. "Versata simplifies the process of implementing and changing complex business requirements, which enables us to custom configure our solution with minimal effort," said Orkis "This in turn reduces our overall development time and enhances code re-use, both of which are key elements of our enterprise services value proposition." "The Versata Logic Server meets a core need for MaxiFI," said Eugene Wong, CEO of Versata. "It not only helps them adapt to changing client needs, but allows them to proactively adapt to the regulatory needs of the industry as well. We are delighted to be working with e-Bank to help them further their reputation for innovation and industry leadership."

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