|
 |  |
 |
 Press Room Press Releases
Events Calendar Webcasts 
|  |
SNS Reaal Group Selects Chordiant Software for Faster and More Accurate Credit Risk Assessments Dutch financial services firm to deploy Chordiant Decision Management suite across all channels CUPERTINO, CA - February 21, 2006—Chordiant Software, Inc. (Nasdaq: CHRD), a solutions leader in automating and managing customer processes and decisions, today announced that Dutch SNS Reaal Group has selected the Chordiant Decision Management suite to take its credit risk assessment and monitoring process to a higher level. SNS Reaal Group will use the solution to develop, deploy and monitor highly effective customer strategies across the different channels. These customer strategies will be based on powerful, in-house developed scorecards in combination with business rules to reflect exceptions and policies and to execute calculations. The Chordiant Decision Management suite will allow SNS Reaal Group to make even better assessments of the risks involved in credit applications, allow it to automate the application process for mortgages and consumer lending, and help the company to comply with the Basel II regulations. As of last year, part of the Chordiant Decision Management suite is already successfully in use by SNS Reaal Group for the automation of assessment rules in three different channels. As a result of the positive experience with the solution it will now be rolled out across all labels and all channels. In addition, SNS Reaal Group has selected the other Decision Management modules, partly to replace existing solutions and to meet new requirements. "The Chordiant Solution helps us stay ahead in a highly competitive market place," says Rein Wispelweij, director of mortgages at SNS Reaal Group. "Being able to make accurate credit risk assessments faster than the competition is crucial in our line of business. Recent projects have shown that the Chordiant Decision Management suite adds considerable value to our business processes. Furthermore, over the last year it had already proven to be very flexible and stable, obviously a prerequisite to being part of our core activities." Chordiant's Decision Management suite provides an integrated platform for developing, deploying, making and monitoring decisions. It is designed for business users. Predictive models are developed on historic data, which in turn are integrated with business rules and strategies. The resulting decision logic is mapped to operational processes, and is then used for real-time customer interaction decisioning in sales, service and marketing applications across different channels. Business performance and compliance is analyzed with change requirements being identified for improving the decisioning process. "SNS Reaal Group's deployment of Chordiant's Decision Management suite across its channels shows the company's commitment not only to making sound risk-based decisions but to implementing those decisions across its customer base," said Rob Mullen, President of Worldwide Field Operations at Chordiant. "We look forward to working with SNS Reaal Group further to ensure the company's credit risk assessment and monitoring capabilities are the best in the business." About SNS Reaal GroupSNS REAAL Group is a leading retail financial services provider. With its main brands, SNS Bank and REAAL Verzekeringen, SNS REAAL Group provides services to private and business customers. It also carries a number of market-specific brands: ASN Bank, BLG Hypotheken, CVB Bank, Proteq Direct, SNS Securities and SNS Asset Management. About Chordiant Software, Inc. Chordiant solutions automate and manage operational business processes for leading service-driven global organizations with a focus on retail finance and telecommunications. Chordiant orchestrates the unique processes of an organization from the point of customer interaction, through the front and back offices to multiple transactional systems, corporate applications and data stores. Our solutions integrate existing infrastructure to orchestrate the assembly, enhancement and delivery of optimal role based business processes to the appropriate channels. Business value is realized through improved employee productivity, savings in operational costs, and increased business adaptability. Chordiant is headquartered in Cupertino, Calif. Safe Harbor Statement This news release includes "forward-looking statements" that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. Forward-looking statements in this release are generally identified by words, such as "believes," "anticipates," "plans," "expects," "will," "would," "guidance," "projects" and similar expressions which are intended to identify forward-looking statements. There are a number of important factors that could cause the results or outcomes discussed herein to differ materially from those indicated by these forward-looking statements, including, among others, market acceptance of our products. Further information on potential factors that could affect Chordiant are included in risks detailed from time to time in Chordiant's Securities and Exchange Commission filings, including, without limitation, Chordiant's Annual Report on Form 10-K for the period of October 1, 2004, to September 30, 2005, and Chordiant's most recent quarterly report on Form 10-Q. These filings are available on a Web site maintained by the Securities and Exchange Commission at http://www.sec.gov. Chordiant does not undertake an obligation to update forward-looking or other statements in this release. Chordiant and the Chordiant logo are registered trademarks of Chordiant Software, Inc. All other trademarks and registered trademarks are the properties of their respective owners. Investor Relations Contact: Steve Polcyn Chordiant Software, Inc. Direct: (408) 517-6282 steve.polcyn@chordiant.com Chordiant Media Relations Contact Chris Hall Chordiant Software, Inc. (603) 621-4397 Chris.hall@chordiant.com |  | | |||||||
 |
| © 2000-2008, Chordiant Software, Inc. All rights reserved. Legal/Disclaimer | Privacy Policy | Site Map | |  |
| Solutions | Retail Banking | Card Services | Lending | Insurance | Telecommunications | News & Events | About Chordiant | |
