FNX to Provide ASP Coverage For Smaller Banks, Corporates

TRANSACTION SYSTEMS

LONDON--FNX is working toward becoming an application service provider and currently has a product in live beta testing. The company plans to roll it out for production to a small set of clients in the first or second quarter of 2001.

The target markets for the ASP model will be regional banks, those firms that trade financial products to service their customers but cannot afford the systems to process them, and corporate customers that do not want the work involved with installation and

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