|
Aurum Technology Adds Risk Analysis Capabilities to SmartBANKer
New Tool Powered by CoreTech Automates Assessments of Loan Accounts
PLANO, Texas (May 15, 2002) - Aurum Technology Inc., a leading provider of
information technology services to community and mid-tier financial institutions, has
introduced a new risk analysis tool for commercial loan services to aid financial
institutions using its SmartBANKer Business Intelligence solution.
Powered by solutions from Coretech Consulting Group, the new Risk
Intelligence module will allow financial institutions to generate automated reports and
queries of existing loan portfolios to assess capital risk as well as regulatory
compliance needs. The product is being introduced this quarter through a partnership
agreement between Aurum and CoreTech.
“We are excited to partner with Aurum Technology
and help them further expand the commercial banking capabilities
of their systems,” said Doug Nohe, president and CEO of CoreTech
Consulting. “By offering the Risk Intelligence reporting module
developed by CoreTech, Aurum gives its banks a unique opportunity
to utilize business intelligence tools that convert credit and risk
data into true corporate assets. In today's risk-sensitive environment,
it is critical that risk and credit managers have rapid access to
the right information on their desktops. Risk Intelligence enables
more proactive decisions for their portfolio and increases responsiveness
to regulatory requirements.”
The risk intelligence tool will be marketed to financial institutions
with assets above $500 million.
“As Aurum looks to expand its market presence
with larger financial institutions, we are focusing on their demands
for advanced technology solutions that keep them ahead in a competitive
marketplace,” said Santo Cannone, president of Aurum's MISER
Division.
SmartBANKer is a complete Business Intelligence solution providing
information when, where and how you need it. With SmartBANKer, at
any time from any desktop in your organization, you have the ability
to analyze information, from your operations and financials to your
customer and market opportunities, so you can make informed decisions
and take action quickly. Because SmartBANKer includes a full set
of reports, templates, and analysis plans, you can access your data,
create analyses of your customers, products, branches, channels
and financials, and deliver reports immediately upon implementation.
As a total business solution, SmartBANKer uses technology that allows
you to protect your production environment, integrate data with
and from other sources, easily train your staff on the reporting
and analysis tools, and quickly deploy the solution to your users.
About CoreTech Consulting Group
CoreTech Consulting Group, a subsidiary of Magic Software Enterprises
(Nasdaq:MGIC) in Irvine, Calif., is an e-business staffing, professional
services and solutions provider. CoreTech's clients include both
FORTUNE 500 and middle-market companies, such as Smith Kline Beecham,
Towers Perrin, Cellular One, Paine Webber, SunTrust, Credit Suisse,
Pfizer, and many more. CoreTech, which has been named to the "Inc.
500" and Deloitte & Touche's "Fast 500," is based
in suburban Philadelphia. More information about CoreTech may be
obtained by calling 800-220-3337 or visiting www.coretech.com.
About Aurum Technology
Aurum Technology, based in Plano, Texas, is a leading provider of
information technology products and services to more than 650 community
and mid-tier financial institutions across the United States. Aurum
is a single source for IT, with service offerings that include core
software development and licensing, core processing, ATM processing,
and image-based item processing. Aurum also provides solutions for
branch automation, data warehousing, Internet banking, network management,
and third-party systems integration. Visit Aurum Technology's Web
site at www.aurumtechnology.com.
Contact:
Glen Fest
Aurum Technology
(972) 943-2796
glen.fest@aurumtechnology.com
Carol Barreyre, ABC
For Aurum Technology
(972) 965-6788
cbarreyre@attbi.com
|
