London-based software company Financial Objects plc launched its ActiveBank S2 banking platform in January to considerable success. The three-tier client/server system, based on Windows NT, provides real-time multi-currency functionality and supports a variety of core electronic banking services.

The component-based package represents an attempt to address an ever-present challenge faced by software vendors: delivering customized industry-specific software on time. Many financial institutions have lavished months or years on new technology only to see it become obsolete before reaching the desktop.

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