Sybase Financial Fusion Chooses Andera to Provide Integrated Online Account Opening for Its Banking Suite
Strategic Partnership Will Reduce Account Opening Costs
CONCORD, MASS. AND PROVIDENCE, R.I. — FEBRUARY 2008 — Sybase, Inc. (NYSE: SY), a leading provider of enterprise infrastructure and mobile software, today announced that Sybase and Andera, the industry’s most integrated, comprehensive, and proven online account opening solution, have entered into a strategic partnership that will expand Sybase’s Internet banking functionality to include integrated online account opening.
Through this partnership, Sybase banking platform will allow its customers to reduce account opening costs by adding the Internet as a new, alternate channel. Many banks are using integrated account opening in support of deposit generating campaigns in order to facilitate the account opening process for new customers. The online account opening and funding channel is fully compliant with the USA Patriot Act and other applicable regulations. For Andera, the alliance will open up yet another channel of distribution for its industry leading solution.
“Partnering with Andera enables new and existing Sybase customers access to an integrated solution for online account opening and funding,” said Andrew Mikesell, Sybase eCommerce Product Director. “Integrating Andera’s solution into the banking product suite allows our customers to increase their deposits while virtually extending their competitive footprints through the online channel into markets where they currently do not compete. This is one more step towards Sybase’s vision of the unwired enterprise.”
“Sybase Financial Fusion’s customers are among the largest and most progressive financial institutions in the world,” said Charlie Kroll, CEO of Andera. “By bringing together Andera’s online account opening and funding platform with Sybase Financial Fusion’s Internet banking platform, these financial institutions gain access to a truly world class combination.”
The Sybase Financial Fusion Banking Suite, newly equipped with Andera’s integrated online account opening, will be available immediately. For more information, visit www.financialfusion.com/banking.
Sybase is a registered trademark of Sybase, Inc. Financial Fusion is a registered trademark of Financial Fusion, Inc. All other company and product names mentioned may be trademarks of the respective companies with which they are associated.
Special Note: Statements such as “Financial Fusion’s banking platform will allow its customers to reduce account opening costs…” and other statements concerning Sybase’s future growth, prospects and new product releases are, by nature, forward-looking statements that involve a number of uncertainties and risks, and cannot be guaranteed. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will” and similar expressions relating to Sybase and its management may identify forward-looking statements. Such statements are intended to reflect Sybase’s current views with respect to future events and may ultimately prove to be incorrect or false. Factors that could cause actual events or results to differ materially include shifts in customer demand, rapid technology changes, competitive factors and unanticipated delays in scheduled product availability. These and other risks are detailed from time to time in Sybase’s Securities and Exchange Commission filings, including, but not limited to, its annual report on Form 10-K and its quarterly reports on Form 10-Q (copies of which can be viewed on Sybase’s Web site).
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