The spanish bank Bancoval is implementing the first Core Banking System built completely on J2EE Technology in the European Community. Technisys, the company dedicated to the development of transactional solutions for the financial sector, announced the launch of Cyberbank Core using J2EE (Java 2 Enterprise Edition) standards. The company considers the project to be its most important to date since the 1996 introduction of the Technisys flagship product, Cyberbank Internet Banking. From a multi-channel design perspective, Cyberbank Core has all of the modern features available today, including real time processing, multi-channel, multi-banking, multi-currency and multi-language capabilities, account value compensation and the rapid creation of new financial products. With all these latest functionalities, Cyberbank Core will be a revolutionary solution that will effectively address the needs of the global financial marketplace.