We are pleased to partner with S1, and look forward to extending the use of Corticon BRMS across the enterprise, supporting and leveraging S1's multi-channel, multi-product Enterprise Platform.
Redwood City, CA (PRWEB) April 14, 2009
Corticon Technologies, Inc. (http://www.corticon.com), the leader in model-driven Business Rules Management Systems (BRMS), and S1 Enterprise, a division of S1 Corporation and a leading global provider of flexible, bank-centric solutions and payment services, today announced a partnership under which S1 will leverage Corticon's business rules technology into the S1 AccelAccount new account opening solution.
S1 AccelAccount provides a multi-channel new account opening solution that is highly automated and agile and supports the entire account opening process -- including data collection, regulatory checks, approvals and funding -- for retail and small business accounts ranging from deposit, lending and investment to life and P&C insurance. Corticon's Business Rules Management System (BRMS), which allows business owners to define the business logic and implement business policies, will help enable the S1 AccelAccount solution be more rapidly customized to address the unique requirements of large and mid-tier financial institutions and to provide a relevant and compelling account opening experience for potential customers.
"S1 Enterprise is focused on providing flexible, bank-centric solutions that increase revenues, deepen customer relationships and lower total costs," said Jan Kruger, President, S1 Enterprise. "The Corticon-S1 partnership will help ensure that the S1 AccelAccount solution delivers true business agility and a significant return-on-investment for large and mid-tier financial institutions."
The business rules within S1 AccelAccount, which leverage Corticon's BRMS, are created specifically for each bank, enabling the account opening workflow to match the bank's business procedures. New products can be introduced quickly, allowing the bank to capitalize on shifts in the market without being constrained by technology.
In addition, cross-sell opportunities can be woven into the account opening process so that additional products and options can be offered at the appropriate step in the workflow, improving the conversion ratio of bank offers into purchases. Within S1 AccelAccount, Corticon gives a bank the freedom to define the rules that determine the cross-sell offer based on product type and available demographic data.
"S1's next generation new account opening solution, which uses Corticon's BRMS , delivers the kind of business-driven, agile applications that are critical to winning in the highly competitive, fast-changing financial services industry", states Mark Allen, CEO of Corticon. "We are pleased to partner with S1, and look forward to extending the use of Corticon BRMS across the enterprise, supporting and leveraging S1's multi-channel, multi-product Enterprise Platform."
Corticon will be demonstrating its BRMS solutions at the S1 Impact 2009 show in San Francisco April 20-22, 2009.
S1 AccelAccount is a trademark of S1 Corporation.
About Corticon Technologies
Corticon Technologies, Inc. delivers software solutions that unleash "The Power of DecisionsTM", helping organizations achieve unprecedented automation, agility and control of operational decision-making tasks. Many of the world's most successful organizations rely on Corticon's Business Rules Management System (BRMS) to discover, model, execute and improve their operational decisions in areas such as claims adjudication, underwriting, order processing, diagnostics, compliance and audit.
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