Toronto, May 16 2008 – Desjardins Financial Security has just obtained a license to use all the components of the Vista™ business and methodology model for the financial industry, thereby demonstrating its satisfaction with the results obtained from the purchase of the initial components of the model.
At the end of 2006, Desjardins Financial Security (DFS) acquired a license to NewLink�s Vista™ Service Oriented Architecture � Enterprise Business Model. This model is one component in the Vista™ suite of industry business models and methodologies for the insurance, wealth management and banking industries.
During 2007, DFS utilized the model to complete such projects as:
- Business architecture
- Application architecture
- Process improvement
- Business requirements for systems
- Definition of a structure to manage operational risks
- System integration
The use of the Vista™ Service Oriented Architecture � Enterprise Business Model resulted in the following benefits:
- Reduced time to complete business definition deliverables
- Improved definition of business requirements and processes
- Better understanding of business requirements by IT
- Improved communication between business and IT
Following this success, DFS decided to acquire a license for all of the other components included in the Vista™ suite of industry business frameworks, models and methodologies for the financial industry.
Vista™ is comprised of the following intellectual capital components:
- Vista™ Service Oriented Architecture � Enterprise Business Model
- Vista Business Requirements Reference Models
- Policy/Contract Management
- Claims Management
- Vista Merger and Acquisition Methodology
- Vista Business Case Methodology
- Vista Market Segmentation and Product Development Methodology
About Desjardins Financial Security
Desjardins Financial Security, a subsidiary of Desjardins Group, the largest integrated cooperative financial group in Canada, specializes in providing life insurance, health insurance and retirement savings products and services to individuals and groups. Every day, over 5 million Canadians rely on Desjardins Financial Security to ensure their financial security. Desjardins Financial Security employs over 3,900 people and administers over $22.0 billion in assets from offices in several cities across the country including Vancouver, Calgary, Winnipeg, Toronto, Ottawa, Montr�al, Qu�bec, L�vis, Halifax and St. John’s. For more information, visit our website at www.desjardinsfinancialsecurity.com.
About NewLink Group
NewLink Group is a leading financial services industry consulting company. NewLink�s breadth of experience and services include business and IT strategy, distribution channel effectiveness, industry benchmarking, product development, business and IT architecture, IT solutions, operational excellence, management of change, business implementation and project management. Vista™ is the knowledge base that NewLink�s sells to clients and technology companies. Vista™ is also used by NewLink consultants for client assignments and projects. For more information, www.NewLinkGroup.com.