| |
Carreker
Corporation Press Release - March
21, 2005
Nedcor Signs
Long-Term License for Carreker
Customer Value Enhancement Solutions
Leading South African Bank to Expand
CVE Enterprisewide after Sales Success
in Personal Banking Unit
DALLAS,
TEXAS (March
21, 2005) — Carreker Corporation
(Nasdaq: CANI), a leading provider
of technology and consulting solutions
for financial institutions, announced
today that Nedcor, South Africa’s
fourth largest banking group, has
signed a multi-year license for Carreker’s
Customer Value Enhancement (CVE)
solution. Nedcor has assets of R327
billion (about $50 billion U.S.)
and a regional network that includes
more than 500 retail bank branches.
CVE helps financial institutions
increase the value of their customers
by deploying technology, methodology,
knowledge transfer, best practices,
and strategic execution throughout
the client’s executive, regional,
branch, and front-line areas.
In 2004, Nedcor licensed and installed
CVE (previously called EnAct) in
its Personal Banking Division, focusing
on the bank’s Upper Mass Market
Customers. The bank’s reported
success of that installation includes
a seven-fold lift in average sales
per banker and a productivity increase
of 166% over seven months.
Clive van Horen, managing director
of Nedbank Retail Services Division,
said, “CVE helped us realize
gains that are phenomenal for the
South African market, occurring at
a time of heightened competition
from skilled external competitors.
Having validated the promise of CVE
in our Personal Banking Division,
we are committed to making it possible
for the rest of our organization
to realize comparable improvements.
In doing so, we are confident we
can improve the value we bring our
clients, our shareholders, and our
employees.”
Keith Von Seggern, managing principal
of CVE for Carreker Corporation,
said, “We look forward to spreading
across the Nedcor enterprise the
four-part benefits CVE has brought
to Personal Banking: the capability
for executive management to understand
the customer base, for employee resources
to be aligned with the best opportunities,
for customer information to be captured
and utilized across the organization,
and for the right customers to be
targeted appropriately. Many organizations
talk about realizing these accomplishments,
but few can integrate the strategy
with the technology and support it
with methodology and best practices.
Nedcor has proven the case.”
J. D. (Denny) Carreker, chairman
and CEO of Carreker Corporation,
said, “We are pleased to have
another major bank, spurred by successful
use of CVE in one unit to expand
its use across the enterprise. As
large banks around the world struggle
to overcome silos and execute enterprise
strategies, few providers can claim
enterprise capabilities. We are pleased
to be able to do so again with CVE.”
About Nedcor
Nedcor Limited is a bank holding
company that, through its principal
banking subsidiary, Nedbank, together
with the other members of the group,
operates the fourth largest banking
group by assets in South Africa.
As of 31 December 2004, Nedcor
had total assets of R327 billion.
The group offers a wide range of
wholesale and retail banking services
through three principal business
clusters, Nedbank Corporate, Nedbank
Capital and Retail and Wealth Management.
The principal services offered by
the group comprise corporate retail
banking, property and asset finance,
investment banking, private banking,
and foreign exchange and securities
trading. Nedcor also generates revenue
from private equity, credit card
issuing and processing services,
custodial services, asset management
services, bancassurance services,
and legal services.
About Carreker Corporation
Carreker Corporation improves earnings
for financial institutions around
the world. The Company’s
integrated consulting and software
solutions are designed to increase
clients’ revenues and reduce
their expenses, while improving
security and increasing the value
of their customer relationships.
Carreker provides products and
services to more than 250 clients
in the United States, Canada, the
United Kingdom, Ireland, continental
Europe, Australia, New Zealand,
South Africa, South America, Mexico,
and the Caribbean. Clients include
the full range of community, regional
and large banks, among them more
than 75 of the largest 100 banks
in the United States. Headquartered
in Dallas, Texas since 1978, Carreker
Corporation has offices in London
and Sydney. For more information,
visit www.carreker.com.
|
|
