SCOTIABANK JOINS THE IFX FORUM
WAKEFIELD, Mass., USA - Oct. 3, 2007 - The Interactive Financial eXchange (IFX) Forum today announced that Scotiabank (www.scotiabank.com), Canada's most international banking institution, headquartered in Toronto, has joined as a Corporate member.
The IFX Forum (www.ifxforum.org) is a not-for-profit standards-developing organization working to develop a robust framework for the electronic business-to-business exchange of data among financial service institutions around the world. The IFX specification is becoming a global standard for financial messages, as the Forum's wide-ranging membership indicates.
"Our newest member demonstrates the Forum's influence in multiple countries, and furthers our perspective and reach as an international solution," said Richard P. Urban, President of the IFX Forum. "We look forward to incorporating the contributions of Scotiabank in our forthcoming IFX releases."
"Our association with IFX reinforces Scotiabank's commitment to the development of industry standards," said Dale Hamilton, VP Enterprise Architecture. "We believe the use of standards, such as the IFX specification, is a key to enabling Scotiabank to implement enterprise based solutions while simplifying our integration challenges. These standards will also assist in providing the agility required by our business partners, enabling further integration of our various delivery channels."
About Scotiabank
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With almost 60,000 employees, Scotiabank Group and its affiliates serve approximately 12 million customers in some 50 countries around the world. Scotiabank offers a diverse range of products and services including personal, commercial, corporate and investment banking. With $408 billion in assets (as at July 31, 2007), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.
About the IFX Forum
Membership in the IFX Forum is open to anyone interested in contributing to the development of open financial standards that harness the power of XML. The IFX Forum is currently organized into the following Working Groups: ATM/POS; Business Banking; Branch Banking Services, Electronic Bill Presentment & Payment; and Web Services. IFX Forum Working Groups, in concert with an Architecture Committee to coordinate their efforts, develop open Internet-compatible messages for all sectors of the financial services industry. To learn more about IFX Forum standards or the benefits of IFX Forum membership, please visit www.IFXForum.org.
For further information:
Judith Vanderkay
Virtual, Inc.
(781) 876-6208
jvanderkay@virtualmgmt.com
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