Banking and dealing room software house Kapiti Ltd, London has expanded the retail banking elements of its flagship wholesale banking and treasury product, Equation, and released it as a separate but fully integrated module, Retail Advantage: like Equation, Retail Advantage is a client-server-based package, but has enhanced facilities for producing customer profitability reports, on-screen or in report form, for quality management purposes; it incorporates a real-time automatic teller machine gateway to provide on-line validation and updates of such transactions as cash withdrawals, and cheque book requests; it includes an updated version of Kapiti’s front-end office automation cashier system, which undertakes point of service validation, and includes a transaction definition toolkit for up-dating such items as commission or exchange rates; it has a fund management capability, which can map onto clearing rules worldwide; and it has multi-lingual capabilities, such as being able to generate multi-lingual customer reports; the company gave no prices for it.
