ROCHESTER, NY -- July 17, 2000 -
X/Net Associates has expanded its strategic relationship with Bankers Systems Inc.
(BSI) with the recent signing of two new agreements. BSI is contracting with X/Net
to provide a number of its customers with a web browser interface for its
Rembrandt product, and has named X/Net an approved vendor to develop interfaces
between BSI's Rembrandt Lending System, ARTA Lending System and ARTA Deposit
System and core processor products.
BSI's Rembrandt Lending System is a comprehensive loan
documentation system for consumer, commercial and agricultural
lending, with built in compliance management tools. Through
the new agreement, X/Net will be providing a group of BSI
customers with an Application Web Front End for Rembrandt.
"By strengthening our strategic alliance with X/Net, we are
providing additional integration options for our customers,"
says Gary Hess, director of alliance management, Bankers Systems
Inc. "Our previous experience with X/Net's technology gives us
confidence in the quality of the Application Web Front End for
Rembrandt."
"This development holds immediate benefit for the Rembrandt
user community," said Gregg Olin, president of X/Net, "The
customer gets a simple web interface solution that increases
productivity at the branch level by connecting the user
directly with the lending software."
In addition to providing an easy to implement Application Web Front
End for Rembrandt, X/Net is one of several vendors chosen to provide BSI
customers with interface development services between BSI products and
other third-party software products. For example, X/Net will offer pre-
and post-process interfaces to tie Rembrandt to a financial institution's
automated credit origination system, core accounting system, and other
third-party software packages.
"X/Net's depth of background in interface development made them an
obvious addition to our vendor list," says Hess. "Our customer needs
will vary, and X/Net's experience will enable them to customize
interfaces to service our customers' individual needs."
X/Net Associates, Inc. is a high-end software development and
systems integration firm. X/Net provides complete software
solutions within the financial, insurance and securities markets.
The company has been a leader in completely integrated internet
credit application processing solutions for all types of
lending institutions since 1997. The company's products
include CrediSphere™, a next-generation application for
credit origination, and MetaSage®, the powerful
underlying technology platform that is designed
to handle all common B2B functional requirements.
The company is headquartered in Fairport, N.Y., and
also maintains an office in Columbus, Ohio. For more
information, contact X/Net at 585-425-7047 or
888-GET-XNET or visit the company's web sites at www.xnai.com
and www.CrediSphere.com.
Bankers Systems Inc.® is a leading national provider of compliance
resource solutions for financial institutions and their legal
counsel. The company serves more than 12,000 financial services
organizations, and its compliance solutions are used by 83
percent of banks in the U.S. Its deposit, lending, and
retirement plan document modules and other solutions
are used by over 60 of the leading core processors
and systems integrators. The company's PC software
applications are installed in more than 7,000 customer
sites. Customers include banks, credit unions, finance
companies, brokerage companies, and mutual fund
companies as well as industry providers. For more information,
contact the company at 800-552-9410 or visit its web site at www.bankerssystems.com.
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