Business portal opens to a crowded market

Article Abstract:

intraCorp, the first business-to-business portal of its type in Australia is to be launched in August, 1999. The portal will feature industry-based, vertical networks that feature news, trading exchanges, and information. The trading exchanges will allow business-to-business trade. The individual networks will have their own World Wide Web sites, though access can be gained through the intraCorp site. Managing director Matthew Barrelle claims that business trade has been ignored online. Fifty percent of Internet use is for business purposes, yet 90% of the content is aimed at consumers.

On-Line Information Services, Information retrieval services, Information Brokers, Column, Business-to-business market, Business to business market, Information services industry, Barrelle, Matthew, Marzbani, Ramin, intraCorp (Australia)

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Log on faster, lower-fee mortgages

Article Abstract:

LoanNET, a mortgage Internet site and subsidiary of Liberty Financial Companies Inc., matches lenders with customers at lower processing fees than with traditional methods. Because LoanNET personnel know the requirements of lenders and customers, they are able to deliver cost savings to banks because of zero rejection rates for applications. The industry standard rate is 15-20%. Liberty spent more than $1 million developing LoanNET.

United States, Commercial Banking, Functions related to deposit banking, Electronic Banking Svcs, Banking industry, Technology application, Electronic banking, Mortgages, Liberty Financial Companies Inc., L, LoanNET

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