Sanchez Computer Associates Inc., a global financial software and services provider, announced the first deployment of a core processing system for a banking institution on the Linux operating system. First Mortgage KFT of Hungary is using the Sanchez Profile core processing system, the Profile for Windows customer servicing platform and the Sanchez FMS accounting system to aid its drive into the Hungarian home mortgage market.

"The open source power of Linux has the potential to enable banking institutions, such as First Mortgage, to gain significant system operating advantages, including cost savings, performance and a new level of flexibility," commented Michael Haney, senior analyst, Celent Communications, a Boston-based research and advisory firm. "Sanchez is showing significant market leadership by demonstrating that Linux, once thought only suitable for edge services, can indeed be used to successfully deploy business- critical core transaction processing systems."

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