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Technology Stocks : 724 Solutions (NASD: SVNX, TSE:SVN) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Schier who wrote (303)	10/3/2000 7:11:06 AM
From: Al Collard	Read Replies (1) \| Respond to of 337

TORONTO, Oct. 3 /CNW/ - Bank of Montreal and 724 Solutions Inc. today began a market trial using Veev and 724 Solutions' LiveClips aggregation technology. Veev, North America's first and largest wireless financial, investment and lifestyle service, is offering its market trial customers single sign-on access to a breadth of Web-based financial accounts. LiveClips will extend the 724 Solutions Financial Services Platform (FSP) and enable Bank of Montreal to offer customers a single view of integrated financial information by entering only one password. This means that, rather than visiting different Web sites to access online bank accounts, consumers will now be able to enter one password and access their information from any Veev-enabled device, including browser- enabled phones, and RIM Blackberry or Palm Computing devices. "Veev now has the capability to consolidate all of a customer's financial accounts - from the various companies they deal with - into a single, secure, wireless point of access," said Mark Dickelman, Vice-President, m-commerce and Wireless, Bank of Montreal. "This extends Veev's reach to financial services companies around the world, including those companies who currently have Web- based offerings but no wireless capability." The first-phase rollout will allow customers to view their banking and investment account balances and transaction summaries. The aggregation technology supplied by 724 Solutions to Bank of Montreal involves the ability to securely log-in the user, navigate Web-based financial accounts specified by the consumer, extract certain desired content (e.g. account balances, transaction details) and present it in a summary format. "Bank of Montreal is increasing the value of Veev through our aggregation technology and expertise. Consumers will be able to access personal financial information content easily and securely in a format designed for simplicity," said Greg Wolfond, Chief Executive Officer, 724 Solutions. About Bank of Montreal Bank of Montreal, Canada's first bank, is a leading innovator in electronic business initiatives. In addition to being the first bank in North America to deliver wireless banking and investment services, Bank of Montreal offers mbanx Direct, which provides electronic financial services to nearly one million customers in Canada; Cebra, the bank's e-business subsidiary, which recently launched Epost, in conjunction with Canada Post; Competix.com, which markets online consumer loan decision making capability in North America; bmolending.com, which allows qualified small businesses to apply for a range of lending products on behalf of their customers, and FinanciaLinx, a CIT Group subsidiary, offering online leases and loans to consumers through automobile dealers. About 724 Solutions Inc. 724 Solutions provides an Internet infrastructure solution to financial institutions that enables them to offer personalized and secure mobile banking, investment, and commerce services across a wide range of Internet- enabled wireless and consumer electronic devices. The company provides end-to- end customer support through its global application hosting and contact centre services. 724 Solutions' customers comprise world-class financial institutions that total 165 million customers. 724 Solutions' common shares are listed on the NASDAQ National Market (SVNX) and The Toronto Stock Exchange (SVN). Headquartered in Toronto, Canada, the company has offices in London, San Francisco, Sydney, and Tokyo. For additional information visit www.724.com.