Contact:
Karen Colson
karen@summa-tech.com
412.258.3294
Summa
Pittsburgh, PA (November 13, 2006) - Summa is pleased to announce a partnership with FHLBank Pittsburgh to lead the re-architecture and modernization of its Internet banking application, Bank4Banks. Offering Credit, Demand Deposit Account, Liquidity and Funding, and Safekeeping services to member financial institutions and other authorized users, Banks4Banks is a private-access, secure, transactional and informational web site. The goal of the modernization initiative is to better support FHLBank customers' business needs through a more agile, open-standards based system. The new application will be implemented using industry-leading IBM WebSphere software. Summa began the project with an assessment, providing strategic recommendations for the redesign of the application. Based on the recommendations, Summa is assisting FHLBank with all phases of the modernization project, including the architecture redesign, application development, system integration and implementation.
"We are pleased to be partnering with Summa on this high-profile initiative," said John Cassidy, director of business solutions for FHLBank Pittsburgh. "We selected Summa because they have consistently delivered high-quality services to the Bank, because of their use of proven software implementation methodologies, and because they possess the technical proficiency necessary to lead and develop a system of this scale and complexity."
"Summa is very proud of our relationship with FHLBank Pittsburgh," said Audrey Dunning, vice president of sales and marketing for Summa. "We have a significant focus on Application Modernization at Summa and the FHLBank partnership provides us with an opportunity to leverage all aspects of this important Summa practice, from inception to project planning and execution. We are excited about this project and looking forward to making it a success."
About Federal Home Loan Bank of Pittsburgh
The Federal Home Loan Bank of Pittsburgh (FHLBank Pittsburgh) is a wholesale bank that serves the housing finance and community and economic development needs of its owner-members. The bank provides reliable access to low-cost funds, competitive pricing in the purchase of mortgage loans, correspondent banking, technical assistance, affordable housing grants and other programs so members can better serve their own communities. The Bank is privately capitalized and funded, does not use taxpayer dollars, and enjoys a triple-A rating. It currently has 333 members in the district of Delaware, Pennsylvania and West Virginia and approximately $78.3 billion in assets. FHLBank Pittsburgh is one of twelve Banks in the Federal Home Loan System, established by Congress in 1932 to support the residential mortgage activities of local financial institutions.
About Summa
Since 1996, Summa has been providing high-impact IT consulting services and customized, commercial-grade software development for companies ranging from regional businesses to Global 2000 firms. Summa specializes in helping companies evaluate and implement IT modernization strategies to better meet their business objectives. Whether a business needs a web accessible interface to a mission-critical application, to renovate legacy systems, or to connect existing applications, Summa can help. Summa is an IBM Premier Business Partner, a BEA Select Level Partner and a Microsoft Certified Partner. In addition to the corporate headquarters in Pittsburgh, Summa maintains a subsidiary in Sao Paulo, Brazil.