BURLINGTON, ON, Nov. 6, 2006— Cyence will demonstrate the latest version of ExpressOS, version 4.0, at the BAI Retail Delivery Conference & Expo in Las Vegas, Nevada Nov. 14-16. The front-office, loan-origination solution’s Enterprise Risk Management component was recently enhanced, and performance and scalability testing conducted on the entire solution.

The Enterprise Risk Management component enhancements include a new comprehensive, dual-risk rating feature. Dual-risk rating enables financial institutions to more accurately measure the probability of default (PD) risk, loss given default (LGD) risk, and exposure at default (EAD) risk, meaning increased risk measurement accuracy, consistency and transparency throughout an enterprise.

“Risk compliance has been and will continue to be top-of-mind for North American banks,” said Cyence’s chief technology officer, Hollinsworth Auguste. “ExpressOS’s underwriting and rating module works in tandem with the rules engine and workflow management system to address challenging compliance requirements,” he said.

Performance and scalability testing conducted at the Microsoft Technology Center (MTC) in Boston, MA confirmed ExpressOS’s ability to support over five thousand concurrent users without significantly affecting performance. The testing confirms that ExpressOS is capable of sustaining an hourly transaction load in the tens of thousands. Further, Cyence possesses the tools to accurately predict the hardware requirements for these larger environments, reducing the risk of under-sizing or overspending on the hardware infrastructure.

“Forward-thinking financial institutions seek solutions that not only optimize performance in the present, but that also eliminate unnecessary future costs through their ability to scale as the business grows,” said Cyence’s president, Greg McIntosh. “Using the MTC’s advanced testing methodology and applying HP’s expert recommendations, Cyence has verified that our software is equipped to accommodate the largest of commercial finance environments.”

ExpressOS enhancements and testing reflect Cyence’s ongoing collaboration with its banking customer partners: ERM with their interest in meeting increased Basel compliance regulations; scalability testing with Cyence’s desire to continue to expand into the banking industry. A copy of Cyence’s recently released a whitepaper, titled ‘Compliance IT Investments’, can be obtained at: www.cyence.com.

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About Cyence International Inc.:

Cyence provides front-office software solutions for commercial finance operations. Its ExpressOS™ software solution facilitates and integrates origination, credit underwriting, auditing, and compliance functions. The result: standardized data processes, and business rules across multiple lines of business and their supporting systems. Cyence solutions connect your front-office commercial lending operations anywhere in the world, at any time, with comprehensive integration, automation, and workflow solutions. For more information, visit www.cyence.com.


About BAI:

BAI is the financial services industry’s leading professional organization focused on enhancing employee and organizational performance. Through ground-breaking research and an award-winning magazine, Banking Strategies, BAI provides the latest insights on complex, strategic issues in financial services. Through seminars, graduate schools and conferences – including the industry’s premier event, BAI’s Retail Delivery Conference & Expo – BAI reaches thousands of financial services professionals each year to deliver content designed around critical business needs and to facilitate vital connections between financial services professionals, industry experts and solutions providers.