Bankers Systems Announces The Development Of Intelligent Components™, A Major New Line Of Compliance Solutions For Large Financial Institutions And Software Developers

ST. CLOUD, Minn., March 12, 2001—Bankers Systems, Inc. (BSI) announced today the development of Intelligent Components™, a first-of-its-kind compliance solution for large financial institutions and software builders serving the financial services marketplace. These compliance software components offer a revolutionary approach to memorializing lending transactions.

With Intelligent Components, financial institutions and software developers can purchase tailored compliance documentation and calculations components that can be easily embedded into a system, providing the flexibility this market requires. Intelligent Components can be deployed at various points in the work flow with systems developed for a multitude of platforms and delivery channels.

The first component being developed will dynamically generate documents tailored to the specific transaction, and include automatic document selection, compliance analysis including support for all 50 jurisdictions and the District of Columbia, and business rules to complete the documents with the transaction data. The second component scheduled for release will provide calculations that support a wide array of complex transactions, and include calculations such as APRs, payment schedules, and credit insurance premiums.

"Technological advances and heavy merger and acquisition activity have left many banks with an array of disjointed and patched systems," said John Bryant, Vice President of Marketing for Bankers Systems. "Many of them are now beginning to plan for a major system overhaul and need an integrated solution. As one of the industry’s most trusted compliance resources, BSI is in a unique position to provide the compliance documentation elements by encapsulating critical compliance knowledge and making it easy to embed into their systems."

Intelligent Components are delivered directly from Bankers Systems’ powerful knowledge base, Expere™, which contains the company’s legendary knowledge of federal and state-related legislation, regulations, and statutes.

"The beauty of Intelligent Components is that they are built specifically with large financial institutions and software developers in mind. Intelligent Components can be easily tailored to the unique needs of specific markets, supporting the way they do business and eliminating the need for one-off development," said Bryant. "The components will boost organizational productivity and speed to market by reducing the burden of maintaining a magnitude of compliance elements in their systems. This is Bankers Systems’ strength, and now we will deliver it in the way the largest organizations need it."

Intelligent Components will be released beginning in the third quarter of this year. The first offering will be the Dynamic Lending Document Component, which will integrate into existing systems and receive regular updates when regulatory changes occur. The second component is the Lending Calculations Component, which will automatically perform calculations necessary to document lending transactions.

Bankers Systems will offer dedicated professional technical services and support to system developers in order to facilitate successful integration and ongoing implementation of Intelligent Components.

About Bankers Systems

Bankers Systems, Inc., a CCH INCORPORATED company, is a leading national provider of compliance resource solutions for financial institutions and their legal counsel. The company’s deposit, lending, and retirement plan documents, disclosures, software, training, and support services are used by more than 12,000 financial institutions, including 83 percent of banks in the U.S. In addition, over 60 leading core processors and systems integrators use Bankers Systems’ compliance-related documents and other components in their solutions. For more information, call 1-800-552-9410 or visit www.bankerssystems.com.

Bankers Systems Inc. is a registered trademark and Expere and Intelligent Components are trademarks of Bankers Systems, Inc.

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