Sapient Corporation Partners with BankBoston to Launch Internet Banking Services

BankBoston, the 16th-largest bank holding company in the United States, has partnered with Sapient Corporation to create and launch two new Internet banking services, HomeLink and OfficeLink. This initiative marks a significant milestone in the banking industry, as BankBoston becomes the first major bank in New England to offer banking transactions over the Internet. The partnership enables BankBoston's customers to manage their finances more easily and conveniently, providing them with more control over their banking activities.

Key Takeaways:

• Sapient Corporation, an innovative provider of business consulting and information technology solutions, has partnered with BankBoston to develop and launch HomeLink and OfficeLink, two Internet banking services.
• BankBoston becomes the first major bank in New England to offer banking transactions over the Internet, providing its customers with easier and more convenient ways to manage their finances.
• The partnership enables customers to perform all their banking transactions, from opening an account to paying bills, from any computer, 24 hours a day, seven days a week.
• Robert P. Shay Jr., executive director of Global Electronic Banking at BankBoston, stated that the critical factor in choosing Sapient was their proven track record in developing large, transaction-based Web applications.
• Sapient's co-chairman and co-chief executive officer, J. Stuart Moore, emphasized that their experience in working with leading-edge financial services companies allows them to understand business problems and deliver cutting-edge Internet-based solutions.

Statistics:

• BankBoston has assets of $71.4 billion as of March 31, 1998.
• HomeLink and OfficeLink are expected to provide customers with easier and more convenient ways to manage their finances.
• The partnership aims to enable customers to perform all their banking transactions, including opening an account, checking balances, transferring funds, and paying bills.

Sources:

• "PRNewswire"
• Proceeding from June 30, 1998 announcement by Sapient Corporation
• "Sapient Corporation"