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News
Issue #2001 - 49
(December 2001)
(Updated Dec.
5, 2001)
INFRASTRUCTURE, PRODUCTS & SERVICES
Japanese Brokerage Firm Offers
Wireless Services
Japan's largest brokerage firm Nomura
Securities Co., Ltd., the securities arm of Nomura Research
Institute, is now offering its 800,000 on-line customers aggregation
and financial alerts services based on technology from 724
Solutions.
As part of its HomeTrade financial services, Nomura’s wireless
services offer customers the convenience of accessing a consolidated
view of their various Internet-based financial accounts using a
single ID and password. In addition, customers can personalize their
access page by clicking and pasting their favorite Web site frames
and content, such as sport scores, news headlines or stock reports,
onto their Nomura page.
"The ability to offer our customers personalized services
like aggregation and alerts helps our customers differentiate
themselves from the competition and set the standard for on-line
brokerage services in Japan," said Shin Kusunoki, general
manager of Nomura Research Institute.
Mr. Kusunoki added that by partnering with 724 Solutions, Nomura
will be enable to capitalize on the growing number of mobile
Internet users in Japan — "and helped set the trend for
Japan's financial services industry."
For 724 Solutions, the partnership marks an important milestone
for the company in the Japanese market, said John Sims, CEO of the
Toronto, Ont.-based company. "Our previously announced
distribution agreement with Nomura Research Institute has born its
first fruits in the form of leading brokerage Nomura Securities, and
724 Solutions’ aggregation and alerts technology is live and in
the hands of Japanese customers."
For more information: http://www.724solutions.com
Mobileinfo Comments & Advisory: 724Solutions
needs a lot of good news to maintain its lead in the financial services
mobile market. This agreement will help 724Solutions in getting a
foothold in the Japanese market - by far the most progressive mobile
computing market. While there was a lot of enthusiasm for wireless
applications in the banking/brokerage sector, consumer adoption of these
services has been slow. Therefore, 724 solutions has had to look beyond
its core expertise. Lately, it has turned its attention towards
providing its software platform to telecommunications providers. 724
Solutions has reasonable amount of cash to survive the current economic
slump.
Note: This news release may contain
forward-looking statements. Readers should take appropriate caution in
developing plans utilizing these products, services and technology
architectures. All trademarks used in this summary are
the property of their respective owners.
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