FOR IMMEDIATE RELEASE
For more information contact:
Lynn Wuger, (913) 226-8700
Innovision Announces Support for
OFX 1.5 and converged OFX/GOLD Standard
XML-based architecture allows rapid support for new financial standards
LENEXA, Kan. (April 21, 1998) – Innovision Corporation announced that
versions 1.5 of its client toolkit and financial server products will be
available this summer. The new versions will provide full support for
Open Financial Exchange (OFX) Version 1.5. The company will also support
the converged OFX/Gold standard when it becomes defined later this year.
"Our customers are ready to maximize the functionality originated with
OFX," said Bill Cary, Innovision president. "Rather than take a ‘wait
and see’ attitude, we started working months ago using XML to extend our
technology. As a result, we will deliver versions of our client and
server products that support OFX 1.5, the converged OFX/Gold standard
plus emerging protocols as early as this summer."
The Innovision Financial Server and Client Toolkit – which were among
the top tier of OFX products to fully support OFX Version 1.0.2 – are
based exclusively on object-oriented design utilizing Java, CORBA and
XML technology. The XML architecture Innovision builds into its core
technology allows the company to quickly adapt to new and custom OFX
specifications as well as to emerging financial protocols.
"It’s simply a matter of defining the protocols," Cary said. "The fact
that we support new standards very quickly speaks to the power of our
Financial institutions licensing Innovision’s technology include T. Rowe
Price, Discover Brokerage Direct, NOVUS Services and American Century
Investments. With the Innovision Financial Server, Discover Brokerage
Direct was the first institution to offer customers "live," OFX-enabled
access to their account information through industry-leading personal
financial management (PFM) software products.
Innovision Corporation is a leading developer of client and server
solutions for open financial protocols providing
application-to-application exchange over the Internet. The Innovision
product line adapts to and supplements existing back-end systems while
connecting with current and emerging protocols.
For more information about Innovision or its products, please call (913)
226-8700 or send e-mail to email@example.com. Financial institutions
can request an online demonstration of the Innovision Financial Server
and/or Client Toolkit by visiting the Innovision Web site, located at