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Financial Fusion Ranked Number One by
Celent Communications for Internet Banking Solution
Report on US Vendors Ranks Financial
Fusion Above the Competition for Large Financial Institutions
BOSTON,
Mass.-April 02, 2001 - Financial Fusion, Inc., announced today that Celent
Communications has ranked Financial Fusion as the number one provider of
online banking solutions for large financial institutions with assets
greater than $10 billion. The report, "Ranking the US Vendors of
Internet Banking Solutions", published on March 20, 2001, provides
an analysis of Internet banking solutions from eleven vendors.
Last year, this
report predicted that Financial Fusion would make "significant
inroads" and was "poised for success in 2000." Factors
that contributed to this year's number one ranking include, tier-one
customer acquisition, revenue growth and a solution that offered
"the most fully integrated and advanced applications on the market."
Additionally, the Celent report describes the benefits of the Financial
Fusion Server, the platform for the Financial Fusion Consumer e-Finance
Suite and the Business e-Finance Suite as "an open solution that can
accommodate future delivery channels protocols, and standards."
Financial Fusion clients interviewed by Celent agreed, "that the
platform will meet their needs for several years to come."
"We awarded
Financial Fusion the number one ranking due to both their technology and
their considerable progress in penetrating the top tier of the banking
market in the past year," said Octavio Marenzi, president, Celent
Communications. "The solution is well-suited to enable financial
institutions to integrate new value-added products and services as well
as enhance existing applications without requiring another major
infrastructure investment. The core technology is both open and
flexible."
"This clearly is
a huge success for Financial Fusion. We were very public with our 2000
goal to penetrate and dominate top-tier financial institutions,"
says Michon Schenck, president, Financial Fusion. "We obviously will
look to leverage our reputation and experience to continue providing the
nation's leading online banking providers with the best-in-class solutions."
About
Celent
Celent Communications is a management consultancy focused on the role of
e-commerce and the Internet in the financial services industry. In
addition to strategy consulting, Celent provides its clients with
continuous advisory services, keeping banks, brokerage firms and
insurance companies up to date on the latest developments in financial
services. More information on the report, "Ranking the US Vendors of
Internet Banking Solutions" can be found at www.celent.com.
About
Financial Fusion
Financial Fusion, Inc. ( www.financialfusion.com)
provides enterprise-class e-finance solutions to the world's leading
financial institutions, fusing applications and middleware on a single,
integrated platform. The company builds complete financial destinations
for banking and STP solutions for capital markets. All solutions run on
the Financial Fusion Server™, a 100% Java based, multi-tier architecture,
built to open standards. The company's worldwide support network includes
offices in 60 countries. Global alliance partners include IBM, Sun
Microsystems, Global Crossing, PricewaterhouseCoopers, e-Profile, Intuit
and CheckFree. Financial Fusion is a wholly owned subsidiary of Sybase,
Inc. (NASDAQ: SYBS).
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