Bangalore: Sun Microsystems and Infosys Technologies on November 7 unveiled a Web- based retail banking reference architecture and said it would enable banks to achieve scalability, business agility and increased cost-effectiveness.

According to an Infosys release, the architecture, a new generation core banking platform, makes it easier for banks to respond to customer demand for 24 X 7 Web- enabled banking, straight through processing (STP) and a unified channel access to manage their personal financial information.

It said the architecture has been tested and tuned in at a Sun solution centre in the US, and documented through implementation and sizing guides to help banks accelerate the delivery of Web-based, end-to-end banking solutions, increase operational efficiencies, reduce costs and generate new revenue streams.

The release said the architecture offers banks a low-risk path for migration needs, from legacy IT platforms to more modern, flexible and Web-enabled ones, and a platform to keep pace with changing customer needs and market dynamics, among others.

In September 2002, Infosys had announced a strategic global alliance with Sun to deliver powerful next generation banking solutions, it was noted.

PTI