Financial Fusion claims six bank wins for cash management system
24 February 2004 | 1966 views | 0
Financial Fusion, Inc., a subsidiary of Sybase, Inc. (NYSE:SY), announced today that it has successfully licensed Financial Fusion Corporate Banking Solution to six of the top banks in the U.S. Financial Fusion Corporate Banking Solution is a web-based cash management and global payments system that allows financial institutions and their business customers to manage cash positions, process payments and transfer funds electronically.
Acting in response to customer demand, Financial Fusion launched Corporate Banking Solution at NACHA Payments 2003. Since its launch, Financial Fusion has licensed its product to both new and existing customers including First Tennessee Bank, South Financial Group, Alaska Federal Credit Union, Northwest Farm Credit and a yet-to-be announced top 20 bank.
Corporate Banking Solution differentiates itself from its competitors with key functionality for customized risk management and advanced customer segmentation. Because Corporate Banking Solution is platform independent, the product is available for Microsoft, IBM and BEA installations. Another key advantage of Corporate Banking Solution is that it is part of Financial Fusion Banking Suite, a single technology portfolio for consumer, small business, and large corporate cash management customers that can share functionality and be delivered across multiple channels.
"We are extremely pleased that our vision of a single platform led us to develop a cash management solution," said Richard J. Moore, president and COO, Financial Fusion Inc. "By applying easy-to-use features with flexible technology we allow financial institutions to offer customized user segmentation and risk management that we feel presents the best ROI model."