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Industry: Email Alert RSS FeedSlaterLabs to build core banking system based on Microsoft Windows and .NET
Corporate IT Update, June 2, 2006
CORPORATE IT UPDATE-(C)1995-2006 M2 COMMUNICATIONS LTD
SlaterLabs Inc, a software company specialising in application software for the financial services industry, and Microsoft Corp (Nasdaq:MSFT) announced on Thursday (1 June) that SlaterLabs will use Microsoft technologies to develop and deliver the first end-to-end core banking system built entirely using the Microsoft Windows platform and Microsoft .NET.
According to the company, the Microsoft-based core banking system, to be called The Etude Programme (Etude), will enable retail banks to replace their existing legacy core banking platforms with a flexible system that has enhanced business functionality and can be swapped out module by module.
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Etude will reportedly provide full retail banking coverage including market-, country- and industry-specific regulatory compliance and will enable integration with legacy applications through Service Oriented Architecture (SOA) and real-time, multi-channel availability. Etude will also offer multi-currency, multi-language, multi-entry and multi-zone capabilities, the company claims.
Under the terms of the agreement, Microsoft will provide the technology platform for Etude, including the operating system, development tools and database. SlaterLabs reportedly plans to utilize the Microsoft .NET Framework, SQL Server, Visual Studio .NET, Windows Server, BizTalk Server and other Microsoft products and technologies.
No financial details were disclosed.
((Comments on this story may be sent to info@m2.com))
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