Transaction Information Systems is introducing an interactive technology laboratory, called FLITE, to help mid- to large-sized financial services companies plan, design and implement interactive financial products and services.

The lab, to be housed on two floors in midtown Manhattan and officially launched in mid-September, is designed to ease mounting pressure to deliver competitive products in the face of shrinking product cycle times and greater competition spurred by deregulation and other industry changes, says TIS president Bob Gold. A formidable task indeed; and while the concept of leveraging technology to further business goals has been used often in product introductions, says Gold, most IT products are being pushed without demonstrating the real strategic business value of their implementation. The result, he says, is often an unintegrated architecture comprised of disparate systems upon which new components cannot easily be added.

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