Slasterlabs says the ‘Etude Programme’ (Etude), will enable retail banks to replace their existing legacy or bespoke core banking platforms with a system that has enhanced business functionality and can be swapped out module by module.
Etude will provide full retail banking coverage including market, country and industry-specific regulatory compliance. Other benefits include easy integration with legacy and bespoke applications through Service Oriented Architecture (SOA) and real-time, multi-channel availability.
Etude will also offer multi-currency, multi-language, multi-entry and multi-zone capabilities, providing support for organizations operating across different business units, as well as different geographical, industry and time zones.
Under the terms of the agreement, Microsoft will provide the technology platform for Etude, including the operating system, development tools and database. SlaterLabs intends to leverage the Microsoft .NET Framework, ‘SQL Server’, ‘Visual Studio’,.NET, Windows Server, BizTalk Server and other Microsoft products and technologies.
The Etude Programme will initially be offered to European customers, with the potential to be offered globally in the future. Core banking will be the first component to be developed with go live expected in early 2007.
