FERNBACH - Volksbank AG and arch mortgage and clandestine banks in Austria opt for FERNBACH’s lending solution

Vienna & Frankfurt, 25 March 2009 – The Österreichische Volksbanken group, beneath the administration of Volksbank AG, one of Austria's better cyberbanking groups, as able-bodied as 5 clandestine banks and four mortgage banks accept called the FlexFinance® Lending acclaim band-aid from FERNBACH-Software. FERNBACH-Software AG has appropriately been able to win addition above accumulation of barter in Austria and to strengthen its abject in Vienna.

Under the administration of IT account providers, ARZ Allgemeines Rechenzentrum GmbH and FERNBACH-Software, a band-aid will be created for ARZ audience which covers the absolute acclaim action in clandestine and accumulated applicant acclaim activities.

FlexFinance® Lending is the arch software band-aid which calmly supports lending operations, starting from chump acclaim to appropriate costs for companies and optimising back-office procedures. Its high-performance action administration functions accommodate ample abutment for cyberbanking business models while breeding assessable increases in ability at an aboriginal date and convalescent accident structure.

With its accessible architectonics and SOA-compliant components, FlexFinance® Lending is state-of-the-art. Its awful adjustable attributes agency that the banks can accord with the cardinal and operational changes in the banking area bound and economically. Professional accoutrement for parameterisation and multi-client adequacy map out the alone specialist requirements as able-bodied as organisational structures from the abate banks to the axial institution.

Within the activity the complete acclaim action will be covered from adjustment processing to feedback/charge-off. The ambit of articles covered by FlexFinance® Lending ranges from chump acclaim to appropriate costs for companies. With its accessible architecture, FlexFinance® Lending is best acclimatized to the demands of the acclaim market. The application’s adaptability allows it to actualize organisational structures for both the abate banks as able-bodied the axial academy in one process.

Director Dr. Harald Seebacher, Österreichische Volksbanken AG says, “FERNBACH’s abstruse and abstruse acquaintance with lending articles and projects for private, retail and accumulated cyberbanking will accommodate our advisers with the optimum altitude for activity success in their business model. Apart from the agnate references, FERNBACH assertive us with its professionalism and its specialist cyberbanking abilities in the appraisal action as able-bodied as during the achievability stage.”

Dipl.-Ing. Hans Langer, CEO, ARZ comments, “Owing to the top amount of adaptability that characterises FERNBACH’s FlexFinance® Lending, we were able to accommodate our absolute arrangement into the new band-aid and appropriately accomplish use of all the allowances of an SOA-based architecture. With the modular acclaim solution, we are added adjustable than afore and are best able for approaching challenges of our customers.”

"Our process-oriented, specialist and technically airy software solutions for the acclaim business strengthen our audience in antagonism and aswell abutment accident administration and innovations,“ says Thomas Platt, affiliate of the Management Board at FERNBACH-Software. “We were admiring about the accommodation by addition above cyberbanking accumulation to opt for our new FlexFinance® Lending artefact apartment and this shows that we are ambience the accepted in the Austrian bazaar as able-bodied with our software and specialist cyberbanking skills."

About FERNBACH:

FERNBACH is a all-around baton of analytic solutions for the accounts industry. Modular software bundles for Multi-GAAP accounting, risk, acquiescence and accommodation accredit our barter to optimise business processes.

FERNBACH offers a adult component-based band-aid portfolio which ensures faster time to bazaar and accelerated accomplishing of cyberbanking requirements appropriately mitigating accident and ensuring quality.

Our barter common account from our accumulated ability to affected challenges and to accommodate solutions for approaching success. FERNBACH innovates to maximise the achievement of our clients.

www.fernbach.com

For added data amuse contact:

FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach
LUXEMBOURG

Tel.: + 352 402244-1
Fax: + 352 402244-310