Sybase Inc., provider of infrastructure and mobile software, has announced immediate availability of Financial Fusion's Consumer Banking Solution 6.0.It is an application with enhanced multi-user entitlements; ACH based inter-bank transfers and Federal Financial Institutions Examinations Council (FFIEC) compliant security.
The solution will enable banks and financial institutions to meet FFIEC authentication guidelines, giving users the ability to personalize online account experience, manage accounts and perform a variety of self-service functions.
It will also provide an ability to transfer funds, pay bills, set up and receive alerts on critical account and transaction events.
Allowing members initiate domestic and international funds transfers between accounts at different financial institutions and opening new accounts online are the added assets of this solution.
"Today's consumer banking market requires financial institutions to rapidly deliver comprehensive services and features across multiple customer segments and platforms," says George Tubin, senior research analyst, TowerGroup.
"The industry is demanding security, operational support and ease of use through enhanced functionality for online banking solutions. It is imperative that consumer banking application providers continue to strengthen their offerings to meet security compliance requirements, and provide improved flexibility to users," adds Tubin.
Some of the key features in the Consumer Banking Solution 6.0 include:
* Enabling financial institutions to easily integrate authentication solutions for making it easy to meet FFIEC authentication guidelines.
* New inter-bank account to account transfers, making the bank a focal point for users online banking interactions.
* New multi-user entitlements and access for household accounts, private banking and micro businesses.
* Pre-built self-service templates to streamline customer inquiries/requests.
To sum it, the solution will offer money movement, payment and stop payments, online statements, check and deposit item images, account reconciliation, expense management, alerts, advisory services, personalization, content services, one-to-one marketing, support for personal finance management (PFM) and wireless clients.
Financial Fusion Consumer Banking Solution 6.0 will be available immediately.
