December 12, 1999
Hansa.net Global Commerce, Inc. ("Hansa") has entered into a strategic alliance with Primacy Corporation of Barbados ("Primacy") to market the Primacy Private Banker and Primacy Web Banker and to develop other strategic product alliances for Primacy.
As well, Hansa Bank & Trust Company Limited, which controls Hansa has selected the Primacy products to manage its own investment and merchant banking operations.
Primacy Corporation, the first Application Service Provider (ASP) to serve the offshore market, will provide its flagship products, Primacy Private Banker to run on Hansa's systems as well as Primacy Web Banker in an online application hosted environment, through Primacy's planned secure Caribbean data centre.
"The success of the Primacy launch is evident by the rapid adoption of our new products and services, " said Michele Rebiere, President of Primacy Corporation. "We are delighted to have the Hansa team join our growing group of international banking customers and strategic partners."
For small offshore banks, branch or agent offices of large financial institutions or trust companies who need to provide state-of-the-art service to their clients, Primacy Corporation is an Application Service Provider that offloads the technology infrastructure burden and enables banking clients to focus on their core business. Unlike traditional service bureau and legacy based batch and off-line banking systems, Primacy's ASP model combines innovative technology products and services with an online infrastructure that enables private banks to attract and retain a growing client base locally and abroad. Primacy Corporation provides Client Accounting software, Web site management services and full network infrastructure and support to banks and trusts companies. Primacy Private Banker delivers real-time, integrated information on accounts, trusts and investments in multiple currencies. It is fully Y2K compliant and offers an easy to use, workflow-based user interface.
"We selected Primacy because it is the only system we have found which truly addresses how integrated banking and trust functions must be done in today's Internet enabled world. The Primacy on site and Application Service Provider solutions are based on a very sound business model, "said Lynwood Bell, Chairman of Hansa Bank and President of Hansa.net Global Commerce, Inc. "Online service demands from clients; imperatives such as Y2K; control, security and integrity of complex processes and transactions can only be provided economically through new technology like the Primacy system. Any banking operation without these resources will be severely restricted and at risk. That is why we have picked Primacy."
For more information on Hansa.net Global Commerce, Inc. and the Span-Hansa Group of companies, please visit http://www.hansa.net or contact Lynwood S. Bell at hansa@attglobal.net +1 (264) 497-3800
For more information on Primacy Corporation, please visit http://www.primacycorp.com or contact Michele Rebiere at mrebiere@primacycorp.com +1 (416) 703-8181
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