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Actional Control Broker to Play Key Integration Role in Dresdner Bank's New Web-Based Loan Pricing Tool.


Business Editors/High-Tech Writers

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Sept. 18, 2000

Project Will Give Bank Executives and Credit Officers

Real-Time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example.  Access to Crucial Analytical Engine A programmable calculator designed by British scientist Charles Babbage. After his Difference Engine failed its test in 1833, Babbage started the design of the Analytical Engine in 1834.  

Actional(TM) Corporation, a leading provider of high-performance e-Business integration software for market-facing systems, today announced that Dresdner Bank Dresdner Bank AG is one of Germany's largest banking corporations and is based in Frankfurt. History
19th century
Dresdner Bank was established on 12 November 1872 through the conversion of financial institution Michael Kaskel.
 has chosen Actional Control Broker as the key integration component for its innovative, Web-based, risk-adjusted loan pricing tool. Actional Control Broker will be the critical link between Dresdner Bank's Web-based intranet user interface and its analytical engine. Deployment of the Actional Control Broker technology will dramatically improve the bank's ability to make important, real-time lending decisions and capture more customers, while leveraging its existing infrastructure.

Dresdner Bank relies on economic research and analysis data from KMV KMV Keyboard/Mouse/Video
KMV Kealhofer, McQuown and Vasicek (founders of a company and measure of default probability)
KMV Key Mediating Variable (marketing) 
 Corporation's Deal Analyzer analyzer /ana·ly·zer/ (an´ah-li?zer)
1. a Nicol prism attached to a polarizing apparatus which extinguishes the ray of light polarized by the polarizer.

2.
 software when making credit and lending decisions. In order to make that data available on demand to executives, relationship managers and credit officers at various locations in the bank, Dresdner realized that a high-throughput, low-latency integration link was required.

Actional's market-leading e-Business integration solution, Actional Control Broker, is providing the high throughput The speed with which a computer processes data. It is a combination of internal processing speed, peripheral speeds (I/O) and the efficiency of the operating system and other system software all working together.

1.
, direct connection between Deal Analyzer and the bank's Microsoft Desktop and Web server environments. Direct access to Deal Analyzer will allow Dresdner Bank to utilize Return on Risk Adjusted Capital (RoRAC) information as part of the loan pricing and origination Origination

The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property.

Notes:
Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real
 process, resulting in a greater number of profitable customers and more competitive business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets .

"Through our testing cycle, we found that Actional's direct-connect design delivered an unparalleled level of performance to e-Business integration, which is crucial when time is of the essence A phrase in a contract that means that performance by one party at or within the period specified in the contract is necessary to enable that party to require performance by the other party.

Failure to act within the time required constitutes a breach of the contract.
," said Brendan McInerney, vice president and head of Credit Risk Modeling in Group Risk Control, Dresdner Bank AG. "Another clear advantage of Actional Control Broker is its ability to integrate our existing applications so that they appear completely native to the new environment. We will be able to integrate information from Deal Analyzer quickly and seamlessly with our Web-based intranet user interface. This will streamline and enhance the way we make lending decisions without requiring critical changes to our existing infrastructure."

Several successful integration efforts with Actional Control Broker led Fusion Technology Group - responsible for the design and delivery of a turnkey See turnkey system. , KMV-based system for Dresdner Bank - to recommend Actional's product. Fusion has achieved unmatched results using Actional Control Broker as an integration platform for loan-pricing systems.

"Actional has a very strong background in high-volume e-Business integration, delivering superior performance with the flexibility and zero latency (1) Having no delay between the time a request is initiated and the response is given. See latency.

(2) (Zero Latency) Coined by the GartnerGroup, it is the immediate exchange of information across geographical, technical and organizational boundaries so that all
 required by today's enterprises," said Ray Camrass, managing director of Fusion. "For banks, where competition and customer demand is extremely high, quick response time is critical. Rapid return of information means faster loan approvals and increased revenue - and more satisfied customers. No other company has shown us that they are capable of providing the same level of integration in this area."

John Orcutt, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Actional, said, "Dresdner Bank's information needs are very taxing on an integration solution. To be competitive, they have to respond quickly when the query load is most intense - when the greatest number of customers is calling. Actional Control Broker dramatically decreased the response time for lending decisions by giving Dresdner's loan officers direct dynamic control of their business services."

"This project with Dresdner Bank and Fusion demonstrates Actional's capabilities in helping companies unlock the power of the Web and gain a significant competitive advantage in their marketplaces through high performance integration." Orcutt added.

About Actional

Actional Control Brokers give market-facing e-Business environments direct control of business services contained in back-office, front-office and marketplace applications. The Company's customers include leaders in the Global 2000, making the company a powerful and effective partner in helping solve enterprise business problems. Actional products are also licensed by leading EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together.  vendors, platform partners and e-Business application developers. Actional is backed by New Enterprise Associates, International Capital Partners and a select group of private investors. Actional can be contacted at 800/609-3301 or info@actional.com. More information about the company can be found on its Web site at www.actional.com.

Actional and Control Broker are trademarks of Actional Corp. All other names mentioned above may be trademarks or registered trademarks of their respective owners.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 18, 2000
Words:689
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