And we are proud to continue this partnership in this program. The following are just a sample of success that Sun had with our local partners. Written entirely in Java, these are high value-added components that provide the essential building blocks of an eCommerce solution. With ecBeans, the time it takes to develop and deploy an eCommerce solution will be reduced significantly because of their reuse capabilities across multiple applications. There are currently many eCommerce solutions in the market.
Packages offer ease of deployment but suffer a lack of flexibility.
It is often difficult or even impossible to tailor such packages for specific business needs. The multi-tier approach increases the application's scalability, performance, and reliability. Based on open industry standards such as Java, XML and LDAP, it protects the corporation's investment by offering a robust set of common services that multiple applications can use. Whether you're a home-owner with a temporary crisis or a business that needs bridging finance, the speed and ease of a loan transaction can often be critical. This process can now be speeded up with the advent of the Loan Automation System, which has been created for the Development Bank of Singapore by local software house Knowledge Engineering.