The BigFNI.com Teams With Microsoft To Deliver New Online Financial Services
The BigFNI.com Realizes Speed to Market and Bottom-Line Business Benefits Through Microsoft Software and Services
REDMOND, Wash., and LAGUNA NIGUEL, Calif., Sept. 19, 2000 — Microsoft Corp. and The BigFNI.com, a provider of online financial service technologies, today announced that the two companies have agreed to work together to extend their electronic-commerce solution for financial services by employing Microsoft® software and technologies.
Under the terms of the agreement, The BigFNI.com will utilize the Microsoft e-business platform for use in its wide array of online financial service applications. Microsoft plans to showcase the company with a case study describing the business-to-business (B2B) solution and a white paper outlining the architecture and implementation of Microsoft’s .NET Enterprise Servers, software and technology with The BigFNI.com.
“The BigFNI.com is an example of Microsoft’s flexible e-business offerings, meeting the demanding needs of financial services in today’s competitive dot-com environment,”
said Peter Boit, vice president of e-commerce solutions at Microsoft.
“Its approach takes full advantage of Microsoft’s platform and products, building on the software of today that will enable it to take advantage of the .NET software and services of tomorrow.”
The BigFNI created a proprietary software system, Odyssey, to serve as a model for the underwriting of retail or wholesale installment loans. With its ability to process a large volume of transactions, Odyssey can be customized to handle any type of credit analysis. Odyssey was developed with multiple industry marketplaces in mind and thus provides a competitive advantage in the industry because of its expedient analysis-handling capabilities and many unique features.
As an application service provider, The BigFNI.com can serve as an online
for brokers or as a private-labeled tool for a given lender or insurer. Financial and insurance institutions can create an account at The BigFNI.com in which they can house their underwriting criteria online using the BigFNI.com’s proprietary Odyssey risk analysis engine. The institution can then develop its own Web site and take applications via the Internet. Once in place, the institution’s Web site can contact Odyssey and receive only those loan or insurance applicants who qualify, based on criteria determined and maintained by that institution.
It is within the framework of Odyssey that Microsoft technology will prove to be a highly effective and scalable database solution. Odyssey can accept large amounts of data from a variety of externalized data sources, or the data can be invoked directly from its XML-API interfaces. Data fed into Odyssey is instantly processed and results returned in XML for presentation to the invoking agent for instant reporting or for storage.
“We are proud to be working side by side with Microsoft as we develop innovative financial service technologies and services,”
said John Kim, COO of The BigFNI.com.
“In doing so, we will utilize the .NET Enterprise Servers, capitalizing on their leadership in performance and scalability.”
Among the software products offered in the Microsoft e-business platform are Microsoft Windows® 2000 Advanced Server with Internet Information Services 5.0, Microsoft SQL Server™ 7.0 and 2000, BizTalk™
Server 2000, SiteServer, Commerce Server 2000, Application Center 2000, COM+ and Exchange 2000 Server.
Microsoft will also support the marketing rollout of The BigFNI.com by promoting the company on the MSN® network of Internet services, providing introductions to relevant venture-capital organizations and joining the company’s principal executives on their IPO road show and launch party. Additional assistance in developing and testing The BigFNI.com’s solution will come from Microsoft Consulting Services.
About The BigFNI.com
The BigFNI.com is a leading provider of online financial and insurance services. Utilizing its proprietary software and development expertise, The BigFNI.com is poised to be a leader in today’s dynamic and rapidly changing business-to-business and business-to-consumer marketplaces. Employing the industry’s most advanced interactive communication technologies, The BigFNI.com will offer live customer support services 24 hours a day, seven days a week. Partnering with leading financial and insurance institutions, The BigFNI.com offers a comprehensive range of services including credit cards, mortgages, auto loans and insurance.
More information about The BigFNI.com can be obtained by contacting Michael R. Dunn, executive vice president of The BigFNI.com, at (800) 633-9171, ext. 126, [email protected].
About Microsoft .NET Enterprise Servers
.NET Enterprise Servers are a comprehensive family of Microsoft server applications for quickly building, deploying and managing integrated, Web-based solutions. Designed to deliver mission-critical performance, .NET Enterprise Servers are built from the ground up for interoperability using public Internet standards such as XML. The .NET Enterprise Servers, along with Windows 2000, supply the foundation for developing and managing applications for the .NET Platform. They enable the third generation of the Internet, where software is delivered as a service, is accessible by any device, any time, any place, and is fully programmable and customizable.
Founded in 1975, Microsoft (Nasdaq
) is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software — any time, any place and on any device.
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