Loans on phones?

E-Loan's home finance service, launched this week with the support of the country's four largest banks, may eventually come through your Palm or WAP phone.

Online home finance receives a boost this week with the New Zealand launch of E-Loan And its service may eventually come through your Palm or WAP phone.

E-Loan is the first e-business venture of eVentures New Zealand, the recently listed Internet accelerator company.

The free service offers over 200 products, including those from the country's four largest banks.

E-Loan employs a dozen staff in Auckland, including technicians, management and loan consultants.

New Zealand E-Loan CEO Bruce Gordon says "less than $500,000" was spent on setting up the Web-based system.

Online manager Kieren Cooney says E-Loan uses "classic N Tier architecture". The back end is Oracle hosted by their US parent.

The middle tier features the "business intelligence" and uses Java servelets and an Apache on Solaris webserver.

It generates the front end, which uses HTML in Java script. The data is XML translated through XSL.

"XML and XSL are at the leading edge of technology. XML can describe the data and put it into a meaningful context. XSL can be sent to a WAP phone or handheld devices such as Palm," says Cooney.

"At the moment we will concentrate on the browser and then look at WAP technology. We have the technology here," he says.

E-Loan offers 128 bit SSL encryption, certified by Verisign.

Gordon says much effort has gone into ensuring customers will find the service easy to operate.

"We are sure people can move from one page to another and there is a full online glossary service for tricky banking terms. It's trying to demystify banking for the public," he says.

E-Loan comes online at 6pm on June 21.

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