Carreker-Antinori Announces Contract with BOK Financial Corp for Business Valuation Improvement Process

(DALLAS, TX  July 30, 1998) — Carreker-Antinori, Inc. (Nasdaq: CANI), a leading provider of consulting and software solutions for the banking industry, announced today that BOK Financial Corp has signed a contract to implement the Carreker-Antinori enterprise-wide solution Business Valuation Improvement Process (B-VIP) for the bank’s affiliates. It is expected that the solution will provide near-term revenue enhancements for the bank that will fund future investments in expense reduction initiatives and additional income opportunities as part of the overall solution.

"The Carreker-Antinori solution is the only choice on the market that offers a comprehensive, value-priced solution that virtually funds itself throughout implementation," commented Paul M. "Mike" Elvir, executive vice president of operations and technology at BOK Financial. "The primary key of the Business Valuation Improvement Process is its focus on creating a benefit stream early on in the process and to sustain that stream throughout the project and beyond."

The Carreker-Antinori approach employed at BOK Financial will evaluate income and expense reduction opportunities across a variety of core competencies such as best practices and consolidations, liquidity management, float management, and yield management. Mr. Elvir said, "Other factors leading to our decision to implement the B-VIP process include the comprehensive series of methodologies and concepts that Carreker-Antinori has compiled through their years of experience in this area and, quite frankly, the level of practical banking experience of their staff."

Carreker-Antinori’s strategy is to provide a "solution" approach to address the unique needs of clients taking into account each client’s unique operating and cultural environments. "BOK Financial required a specialized, rather than cookie-cutter, solution to address their specific needs," said Mr. Richard Ercole, executive vice president of Carreker-Antinori’s sales and marketing. "Utilizing the Business Valuation Improvement Process, we were able to offer them a tailored solution that combines our banking consulting expertise with software from our suite of technology products," he said. Improvements to the bottom line performance at BOK Financial will be achieved through a strategic partnering of both organizations’ resources.

The B-VIP process has five major components:

• Discovery Process: Provides a model for understanding BOK Financial Corp’s existing practices and identifies tactical non-interest income and expense reduction opportunities from Carreker-Antinori’s series of best practices.
• Business Case Development: Quantifies those tactical opportunities and maps the plan for realizing the benefits.
• Revenue Enhancement: Contributes the necessary funding to sustain the activities for much of the later expense reduction initiatives, rather than relying upon heavy FTE cuts.
• Expense Reduction: Accomplished through the creation of more efficient operations and processes.
• Implementation / Benefit Realization: Provide project management to ensure proper and complete implementation of all recommendations. Tracks results to ensure benefits are realized.

Typical B-VIP model:

The project will take place over the next 9-10 months, and as demonstrated in the figure above, will result in longer term positive results for the bank well beyond the life of the project.

BOK Financial Corp.  Tulsa, Oklahoma-based BOK Financial Corp (NASDAQ: BOKF) is a multi-bank holding company with $5.7 billion in assets, whose bank subsidiaries are Bank of Oklahoma, N.A., Bank of Arkansas, N.A., and Bank of Texas, N.A. It has 73 bank locations in three states. Other operating units include Bank of Arkansas Mortgage Group, BOk Mortgage, BOk Trust, Bank of Texas Trust Co., N.A., and TransFund Electronic Funds Transfer Network.

For additional information, please contact Public Relations , at 14001 N. Dallas Parkway, Suite 1100, Dallas, Texas 75240, (800) 486-1981, or Russ Florence, BOK Financial Corp, (918) 588-6348.