[SVNX] CLARITYBANK.COM, THE FINANCIAL DESTINATION
FOR THE NEW ECONOMY, TAKES ONLINE BANKING TO
THE NEXT LEVEL BUSINESS EDITORS/HIGH TECH
WRITERS
PURCHASE, N.Y.--(BUSINESS WIRE)--March 27, 2000--
Claritybank.com Partners with 724 Solutions, Attracts Wireless
Consumers, Small Businesses Via Unique E-commerce Features
Claritybank.com (www.claritybank.com) announces today the initial
launch of its Internet bank, one of the most comprehensive vertical
financial services platforms in operation, providing banking, lending,
discount brokerage and business-to-business services via the Internet,
telephone and wireless devices to businesses and consumers.
Claritybank.com is taking aggressive aim at servicing the needs of
emerging growth and New Economy companies by providing innovative
deposit products, loans and services. For example, the B2B Center is
truly unique --offering everything from capital, staffing, insurance,
office supplies, and equipment -- and gives today's burgeoning market
of Net-entrepreneurs and start-up businesses, short on time and
capital, a strong resource for building their companies.
Moreover, Claritybank.com will be the first Internet bank to offer
wireless banking capabilities, with the launch of CLARITYANYWHERE,
developed through a partnership with 724 Solutions Inc., (Nasdaq:SVNX.O,
TSE: SVN), the leading provider of Internet infrastructure software
that enables financial services providers to offer personalized and
secure online banking, brokerage and e-commerce services across a wide
range of Internet-enabled wireless and consumer electronic devices.
"We are blazing the trail in delivering efficient and convenient
banking solutions that today's business owners and consumers demand,"
said David Arzi, Chairman, Chief Executive Officer of Claritybank.com.
"The Internet and wireless technologies are the driving forces of the
New Economy. Our partnership will allow us to harness these forces,
continuously creating new technologies and ensuring that our customers
remain at the forefront of this revolution."
"We are thrilled to be working with Claritybank.com to set new
standards in the quality and convenience of financial services," said
Greg Wolfond, CEO of 724 Solutions. "Today's `on-the-go' consumers and
businesses want to have more flexibility in managing their finances.
Claritybank.com delivers both choice and convenience through an
innovative suite of online services that allow customers to bank on
their own time, when, where and how they want, whether it's via a PC,
mobile phone, pagers or Palm Pilots."
24/7/365
Understanding that superior service is vital to building an online
community of customers, Claritybank.com has harnessed the power of the
Internet to bring 24/7/365 access to its full range of banking and
financial services, including account management, and B2B solutions
with competitive pricing and rates in an easy-to-navigate,
user-friendly site.
Customers have more ways to access information and personalized
help than any other bank, online or offline, through their PCs,
instant messages, email, wireless devices, or by calling
1-888-Clarity, fax, or regular mail. Spanish-speaking customers have
immediate access to bilingual customer service by utilizing any of
these communications options.
These communication capabilities make Claritybank.com an
especially attractive financial solution for tech-savvy business
travelers and mobile professionals.
"Our power is the ability to efficiently utilize the assets of a
large bank, while maintaining a level of customization and service
that allows us to fulfill different financial needs for different
people and situations," said Michael C. Szwajkowski, President and
Chief Investment Officer of Claritybank.com. "We have built a solid
platform from which we can expand and grow as our customer needs
change and as the e-business marketplace continues to evolve."
Fulfilling the Needs of Businesses and Consumers
The company provides virtually every type of financing needed by
New Economy businesses, from lines of credit and commercial real
estate loans to innovative programs such as venture leasing. For
example, Claritybank.com's venture leasing programs provide less
established companies with highly customized equipment leasing
solutions, which enables young companies to preserve critical
operational cash.
Moreover, the bank offers some of the most competitive rates on
both savings and loan products. According to BanxQuote,
Claritybank.com offers the highest one-year CD rate in the country.
And the e-money market is 53% higher than the national average.
Because of its Internet platform, Claritybank.com can efficiently
guarantee single-family mortgage applicants the lowest rates in the
country or approve a credit card application in as fast as three
seconds.
In meeting its commitment to fulfill the needs of individual
consumers, Claritybank.com has designed a compelling consumer solution
featuring a robust suite of products, including online bill payment,
consolidated reporting and discount brokerage through ClarityDirect.
Customers also benefit from MyClarity, a customizable and fully
personalized user home page combining account information, free email,
calendars, news, and real time stock market information. A virtual
marketplace, ClarityMall, enables companies to sell their products and
services online, and potentially enter into co-branding initiatives
with a global audience, by opening up virtual storefronts.
About Claritybank.com
Claritybank.com is a leading Internet bank providing real-time,
next-generation financial services to businesses and consumers.
Founded by leading financial and technology professionals,
Claritybank.com's mission is to deliver competitive banking and loan
products through its website and national business lending offices,
combined with best-of-breed customer service initiatives.
Claritybank.com provides myriad services and features specifically
tailored for emerging growth and New Economy business including
equipment leasing, commercial real estate mortgages, SBA loans and
general business loans. Claritybank.com is a national bank and wholly
owned subsidiary of Purchase (NY)-based Clarity Holdings, Inc., a
privately held company funded by leading financial and technology
investors.
Claritybank.com is a fully insured member of the FDIC.
About 724 Solutions
724 Solutions provides an Internet infrastructure solution to
financial institutions that enables them to offer personalized and
secure on-line banking, brokerage and e-commerce services across a
wide range of Internet-enabled wireless and consumer electronic
devices. The Company's solution currently enables consumers to access
on-line banking and brokerage services through network service
providers using digital mobile phones, personal digital assistants,
two-way pagers and personal computers. 724 Solutions' customers
include Citigroup, Bank of America, Bank of Montreal and Wells Fargo.
724 Solutions common shares are listed on the NASDAQ (SVNX) and TSE
(SVN) stock exchanges. Headquartered in Toronto, Canada, the company
has offices in London, U.K., San Francisco, U.S., and Tokyo, Japan.
For additional information visit www.724.com. |
