Financial Technologies International and Compaq Services Form Business Development Alliance

Financial Technologies International, a provider of data standardization and real-time consolidation solutions, has formed a business development alliance with Compaq Services, the services division of Compaq Computer Corporation. The alliance will offer integrated solutions for financial consolidation, straight-through-processing, and operations control to customers in the financial services industry. The partnership will combine FTI's state-of-the-art technology products with Compaq's extensive services capabilities, enabling the delivery of long-term, strategic solutions for financial services operations and information management.

Key Takeaways:

• The business development alliance between FTI and Compaq Services will provide integrated solutions for financial consolidation, straight-through-processing, and operations control in banking and brokerage organizations.
• FTI will contribute its Global Financial Data Model (GFDM) and The Box, a real-time enterprise-wide consolidation engine, to the partnership.
• Compaq's Services will ensure successful project implementation and solution delivery through its vast services resources.
• The alliance will provide joint implementations and services to customers worldwide, with a focus on the global financial services market.
• Predrag Dizdarevic, FTI's President/COO, noted that the partnership will deliver long-term, strategic answers for financial services operations and information management.
• Tom Ricciardi, Financial Practice Director of Compaq Services, stated that FTI's suite of financial data standardization tools and consolidation platforms will play a key role in Compaq's overall solution architecture strategy.

Statistics:

• FTI's customers are responsible for the management, trading, or custody of over $5 trillion in global investments.
• Compaq has a presence in over 100 countries and sells its products in over 100 countries.
• Compaq's services division, including the Network and Systems Integration Services Business, focuses on several vertical markets, including financial services.
• FTI and Compaq's joint solutions will target the growing demand for integrated systems and services in the financial services industry.

Sources:

• "Financial Technologies International and Compaq Services Form Business Development Alliance" PR Newswire, June 23, 1998
• Compaq Computer Corporation, "About Compaq Network and Systems Integration Services Business"
• Financial Technologies International, "About FTI Financial Technologies International"
• PR Newswire, "Financial Technologies International and Compaq Services Form Business Development Alliance", June 23, 1998 CO: Financial Technologies International; Compaq Computer Corporation; Digital Equipment Corporation; Compaq Services ST: New York IN: FIN CPR SU: LB -- HSTU024 -- 3720 06/23/98 06:40 EDT http://www.prnewswire.com