OCBC Bank Selects SunGard Business Integration to Enable
Strategic eBusiness Integration.
From: Business Wire | Date:
SINGAPORE--(BUSINESS WIRE) May 2, 2000
achieve better time-to-market for its new products, OCBC Bank has
selected SunGard Business Integration (formerly MINT), a leading
provider of complete business integration solutions for financial
services, as its enterprise application integration (EAI) architecture.
In addition to a speedier
time-to-market, OCBC Bank's implementation of SunGard Business
Integration's MINT Knowledge solution provides a unified environment
for more efficient straight-through processing of financial
transactions for its Internet banking, Customer Relationship Management
and Cash Management products.
"By using MINT, we are able to
remove point-to-point connections, implement an architectural blueprint
and to standardize interface mechanisms without affecting the existing
interfaces," explained Mrs Teng Soon Lang, head of Information
Technology for OCBC. "The MINT Knowledge solution will help us to avoid
having to modify programs whenever any interface is affected, thus
reducing effort and enhancing the quality of the interfaces."
Shefi, SunGard Business Integration's president and CEO added,
"We are very excited that OCBC Bank has selected us to facilitate
delivery of critical eCommerce services to their customers and
partners. Our exclusive focus on business integration for financial
services yields effective solutions to major challenges such as STP and
financial process integration and enables our customers, like OCBC, to
take a leadership position and gain competitive advantage in the new
OCBC Bank's range of eCommerce
product offerings includes TX123, a B2B portal joint venture with
Singapore Computer Systems; eSolutions, a series of Bolero.net enabled
electronic world trade systems; and finatiq, Asia's first independent
OCBC Bank is Singapore's second
largest local bank with a market capitalization of S$13 billion.
Founded in 1932, OCBC Bank operates as a commercial bank with a broad
array of products and services provided through a network of local and
foreign branches employing some 6,000 employees. This network of 49
overseas branches and representative offices spans 13 countries,
including a fully owned subsidiary with 25 branches in Malaysia and one
of the most extensive networks among ASEAN banks in Greater China.
OCBC Bank was recently named "Best
Bank in Singapore" by US-based financial publication, Global Finance.
In Singapore, it has 45 branches and nineteen 24-hour banking centers
strategically located across the island.
Apart from its mainstay banking
business, the Bank is also engaged in various other financial related
activities including finance companies operations, stock brokering,
investment management and bank assurance. The Bank's website is
About SunGard Business Integration
SunGard Business Integration
(formerly MINT Software Technologies) is a leading provider of
intelligent middleware and enterprise application integration solutions
designed exclusively for the financial services industry. Based on the
company's knowledge of the complex transaction processes required in
financial services, these solutions significantly reduce the effort of
integration across organizations, as well as across disparate
incompatible systems. SunGard Business Integration solutions empower
users by providing the business intelligence, rules and definitions for
message processing (including message translation, transformation,
enrichment, and routing). SunGard Business Integration solutions are
installed at major financial services institutions worldwide.
SunGard Business Integration markets
and supports its products in the U.S., Europe and Asia Pacific directly
through its network of regional offices and through various business
partners. More information on SunGard Business Integration can be found
SunGard Business Integration is an
operating unit of SunGard (NYSE:SDS),a global leader in integrated IT
solutions and eProcessing for financial services. SunGard is also the
pioneer and a leading provider of high-availability infrastructure for
business continuity. With annual revenues in excess of $1 billion,
SunGard serves more than 10,000 clients in over 50 countries, including
47 of the world's 50 largest financial services institutions. Visit
SunGard at www.sungard.com.