APPRO debuts new Windows-based Small Business Credit Evaluation System; New 20/20 Small Business Lending System to be installed at Chase.ATLANTA--(BUSINESS WIRE)--Dec. 5 1995--APPRO Systems, a leading provider of credit evaluation software for financial institutions nationwide, announced the Windows(R) version of its flagship 20/20 Small Business Lending System here at the BAI n. 1. a language spoken in the Dali region of Yunnan. Noun 1. Bai - the Tibeto-Burman language spoken in the Dali region of Yunnan Baic Retail Delivery Systems Conference. The software merges the personal credit and financial profiles of a business and its owners, providing a complete and accurate profile. Among the first installations of the Windows version is the Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. . The 20/20 Small Business Lending System is a complete PC-based, client/server software package that automates risk evaluation for small business loans. The Windows version incorporates the graphical ease of point-and-click access with the comprehensive risk evaluation capabilities of 20/20. APPRO customers will also have the ability to work simultaneously in multiple Windows applications while interfacing with existing DOS-based and host systems. "In every facet of our industry, the graphical environment of choice is Windows in an open, client/server environment A networking environment that is made up of clients and servers running applications designed for client/server architecture. See client/server. ," said Craig Uffman, APPRO Vice President. "Windows is the future for the branch, at the teller-level and even the back office. We wanted to ensure that the Windows version of our applications would feature both the graphical ease as well as the open architecture that make it the environment of choice for financial institutions worldwide." In creating 20/20 Small Business Lending System for Windows, APPRO engineers and programmers designed its open architecture to enable data and information transfer from disparate applications and databases. For example, Chase will use 20/20 in conjunction with a third-party supplied credit scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. model. APPRO team members developing the Windows version included Microsoft(R) Certified Systems Engineers and Novell(R) Certified Netware Engineers.(a) "The functionality of our software is always designed with the end user in mind," Uffman continued. "Our customers select 20/20 for its flexibility. The software is designed to be maintained by the customer. As credit policies and market factors impact operations, our clients can program 20/20 to reflect those changes -- without costly re-writes or purchasing additional software code." The Windows version will be available to current clients in a free upgrade beginning fourth quarter. 20/20 clients include super regionals Chase, Philadelphia-based CoreStates, and Canadian giant Canada Trust CT Financial Services Inc. was a financial services holding company that was founded in London, Ontario and later had its headquarters in Toronto, Ontario and operated in Canada through subsidiaries including Canada Trustco Mortgage Company and The Canada Trust Company , as well as state-wide institutions Hibernia National Bank For other uses of "Hibernia", see Hibernia (disambiguation). Hibernia National Bank, founded in 1870, was a personal banking and commercial lending institution headquartered in New Orleans, Louisiana. and Premier Bank of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. . APPRO Systems, Inc. founded in 1979, is privately held and managed. The company's family of credit assessment products is installed in more than 60 financial institutions nationwide. Along with the 20/20 Small Business Lending System, APPRO's products include its flagship MP-100 Risk Processor, a complete assessment package for consumer lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. that evaluates multiple products and applicants, and the APPRO Auditor, an automated indirect loan closing package. Other APPRO clients include Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Crestar Bank, Seafirst Bank and Snap-On Tools. APPRO Systems, Inc. is headquartered at 9489 Interline in·ter·line 1 tr.v. in·ter·lined, in·ter·lin·ing, in·ter·lines To insert between printed or written lines. in Avenue, Baton Rouge, LA 70809. For more information, contact Amanda Wesley, Communications Director, at (504) 922-4792 or by fax at (504) 922-4777. -0- NOTE TO EDITORS: (a) APPRO is a Certified Microsoft(R) Solutions provider. CONTACT: APPRO Systems, Baton Rouge Amanda Wesley, 504/922-4792 or William Mills Agency, Atlanta Mark Wheeler, 404/264-7204 wmamark@aol.com. |
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