September 29, 2005

Vontu Monitors Data Traffic

Vontu (San Francisco) introduced Vontu 4.0, which monitors network traffic and stops messages from being sent that violate security and privacy policies. Enhancements include greater scalability and consumer database protection capabilities, central administration of data protection policies and multiple distributed networks, a more user-friendly policy authoring interface, and centralized risk management reporting, the vendor says.

www.vontu.com

Worksoft Puts Software to the Test

Worksoft (Dallas) released Worksoft Specify, a data-generation application for software testing that automatically extracts or generates test data to speed time to market, and scrambles production data to comply with privacy and security mandates.

Specify utilizes a systematic rules-based methodology to enable quick population of test databases with more-precise data, Worksoft claims.

www.worksoft.com

MagTek's Attractive e-Security Solution

MagTek (Carson, Calif.) unveiled MagnePrint Safe-Web - Strong Authentication Factor for Electronic Web Enabled Banking. The technology enables a two-factor authentication process for online banking. It employs magnetic stripe cards (either ATM or debit) in addition to user names and passwords. The solution uses a low-cost, USB-based mag stripe reader attached to users' home PCs, according to MagTek.

www.magtek.com

Postbank Basks in the Sun

New Internet banking platform relies on Sun Microsystems.

In August, ING (Amsterdam) implemented a new Internet banking platform for Postbank, its largest Dutch retail bank, that is powered by technology from Sun Microsystems (Santa Clara, Calif.). With more than 1.5 million of its 7 million customers banking online, Postbank needed a more stable yet flexible system, according to ING.

The new environment was designed for optimal future growth using Sun's N1 Service Provisioning System (N1 SPS). N1 SPS helps customers deploy applications within a network computing environment more quickly by automating certain processes, saving time and money while preventing manual errors, Sun says. The full implementation of the front end of the Internet banking infrastructure was performed by Sun.

"Sun proved it was able to deliver a complex infrastructure in a challenging environment, fitting our ambitious growth strategy," said Erik Dralans, worldwide head of OPS & IT banking for ING Group, in a statement. "The new environment substantially enhances the customer experience. It is also adaptable; any changes we make to our banking service subsequently will not lead to service degradation for the end user."

SunTrust Boosts Corp. Trust Services

Atlanta-based SunTrust Banks ($169 billion in assets) rolled out the InnoTrust real-time accounting platform from Innovest Systems (New York), providing the bank with a secure, integrated platform that offers users real-time information to improve customer service. InnoTrust also enables custom reporting tailored to individual clients' needs, Innovest says. The first two groups of SunTrust customers were converted to the new system in April and July.

Sales and Service at American State

American State Bank (Lubbock, Texas; $1.8 billion in assets) deployed Enterprise Services Platform (ESP) solutions from Atlanta-based Harland Financial Solutions in addition to the vendor's loan origination and decisioning system, Decision Pro. The bank currently is rolling out Harland's Encore! Platform and Teller. American State hopes to connect front- and back-office sales and services processes via the ESP architecture, which integrates sales and service functionality to branch and call center staff through a single user interface.

Filipino Bank Sheds Its Legacy

In July, Union Bank of the Philippines (Manila) replaced its mainframe legacy system with Infosys' (Bangalore, India) open systems-based Finacle core banking solution. Finacle, running on Sun Microsystems infrastructure, was deployed in more than 100 branches across the country. "We believe we've found a cost-effective solution that scales up well as we push through our customer acquisition program," said Justo Ortiz, chairman of Union Bank, in a release. Ortiz cited Finacle's ability to facilitate rapid deployment of new products and services as a major benefit.