| [Toronto, CANADA] Basis100, an e-commerce solutions provider for the
financial services industry, has signed a technology agreement with
Scotiabank, under which Basis100 will provide Scotiabank with its OME
Technology for securing new mortgage consumers online.
HECLA MINING CO/DE/ - HL Current report filing (8-K) EXHIBIT 10.1::
(o) promptly notify the Administrative Agent and provide copies upon Each Lender hereby appoints Scotiabank as its Administrative Agent under and for
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Basis100 is focused on the mortgage origination, consumer credit,
fixed income trading, and automated property valuation markets across
North America.
The OME Technology provides Scotiabank with Internet-based mortgage
pre-qualification, and application submission capabilities.
The addition of OME Technology lets Scotiabank offer consumers the
ability to input a mortgage application online, view the different
options available to them, and then apply online for mortgages
through Internet portals.
A Boston Consulting Group of Canada study from January 2000 found
that 40 percent of Canadians use the Internet, the highest rate of
usage in the world.
Basis100's OME Technology allows Scotiabank to become more responsive
and accessible to these consumers through online portals, such as
themortgage.com and E*TRADE Canada, by offering Internet-based
mortgage pre-qualification, and application submission capability.
"Our technology allows us to radically change the way mortgages are
delivered," said Jason Smith, Basis100 executive vice-president and
director.
"We're meeting the demands of today's changing business environment
to help financial institutions migrate effectively and efficiently to
Internet-based, end-to-end mortgage solutions."
Scotiabank is one of North America's largest financial institutions
with more than $243 billion in assets and approximately 41,000
employees worldwide.
InternetNews Realtime IT News - Basis100, Scotiabank Provide ::
Basis100, Scotiabank Provide Internet Mortgages. Basis100, an e-commerce solutions provider for the financial services industry, has signed a technology
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5502 Rotmans::
File Format: PDF/Adobe Acrobat - View as HTMLtors who can provide important advice,strategic division at Basis100 Inc., which. serves the financial services mar-. kets with software to originate
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It is also Canada's most international bank, with more than 1,700
branches and offices in more than 50 countries on six continents.
For more on Scotiabank and Basis100's recent e-commerce activities, check the
following InternetNews.com coverage:
- Big Players Create Big Canadian B2B E-Market, September 27, 2000.
- Basis100 Sets Up TD Bank with
Lending Tool, August 3, 2000.
- Scotiabank, e-Scotia.com, Microsoft Unveil One-Stop E-C Shop, April 13, 2000.
- Bell Mobility, Scotiabank Roll Out Wireless Net Banking, April 4, 2000.
- Basis100, E*TRADE Canada Add
Mortgages to Brokerage Site, January 17, 2000.
- Scotiabank and Microsoft Enter
Strategic Partnership, September 29, 1999.
- Scotiabank's e-Scotia.com
Specializes in E-Commerce Security, September 27, 1999.
 Bid.Com, Rogers Refocus Ties
 Ex-Reuters COO Joins NewsTakes Europe |
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