PCi Corporation Announces Wiz Geocoder 3.5, Empowering Financial Institutions to Protect Themselves from Reg C Risk, Save Money and Identify New Areas of Opportunity.

Business Editors

BOSTON--(BUSINESS WIRE)--July 15, 2003

Newest Version of Leading Geocoding Solution Enables Financial Institutions to Seamlessly Integrate Geocoding and Edit Check Capabilities Into Front-Line Applications

PCi Corporation (PCi), the leading provider of compliance risk management solutions, today announces Wiz(R) Geocoder 3.5. A powerful web-based solution, Wiz Geocoder 3.5 enables financial institutions to integrate geocoding and edit check capabilities into front-line applications, utilizing collected data for targeted lending, risk assessment, and creating new revenue opportunities. Financial institutions can validate data and geocode addresses up-front, gaining a better understanding of the demographic environment of each processed application.

With the introduction of Regulation C, financial institutions are expected to collect and analyze a dozen or more new variables when considering loan applications, presenting both a challenge and an opportunity. Historically, data is collected at the point of sale and then distributed throughout the institution. Data collected by front-end staff is often of questionable quality. Additional data collection requirements will only exacerbate the problem.

By incorporating the ability to perform edit checks on HMDA data as it is collected, lenders can enforce data integrity at the front line. Geocoding allows financial institutions to retrieve demographic data for each applicant, creating the opportunity to offer the most appropriate loan to each individual applicant. This capability is a boon to lenders seeking to identify new areas of opportunity while improving customer service.

By incorporating geocoding and/or edit-check functionality into front-end applications, financial institutions will realize a number of benefits:

-- Save time and increase productivity - Eliminating the need for

compliance staff to correct data errors empowers the

compliance department to focus their time in a way that better

benefits the financial institution.

-- Increase revenue and customer satisfaction - Retrieving

demographic data at the front-end allows institutions to offer

special loan programs and products to qualified applicants,

increasing loan-origination volume and improving customer

satisfaction.

-- Reduce risk - Ensuring Regulation C compliance protects

financial institutions from regulatory scrutiny and preserves

the institution's reputation.

-- Streamline processes - Being proactive about performing edit

checks at the front-end eliminates the need to fix data after

it has entered the institution.

-- Improve data integrity - Ensuring that data is collected

correctly assures that a financial institution is compliant

with Regulation C requirements.

-- Minimize training - Integrating front-end geocoding and/or

edit check functionality will decrease the amount of time

spent training front-end staff on new Regulation C data

collection requirements.

The Wiz Geocoder, with enhanced edit-check functionality also supports flood determinations, anti-predatory lending analysis, and other compliance-related tasks, integrated at the front-end. PCi supports a number of deployment options, including a PCi-hosted server, which eliminates the need to have a server on-site and staff to maintain and administer it.

"With additional data collection requirements under Reg C, many financial institutions will be hard pressed to collect quality, reliable data," said Bridget Fletcher, executive president, PCi Corporation. "Wiz Geocoder 3.5 mitigates this risk, helps financial institutions save money and identifies new areas of opportunity while improving customer service. It is a natural extension of the market-leading Wiz product line which so many leading financial institutions and regulatory agencies trust."

About PCi Corporation (www.pciwiz.com)

PCi Corporation (PCi), in addition to providing marketing strategy and MCIF services, is the leading provider of compliance risk management solutions that ensure financial institutions fully comply with the Community Reinvestment Act (CRA), the Home Mortgage Disclosure Act (HMDA), fair lending laws, and the National Flood Insurance Reform Act. More than 90 of the nation's top 100 banks, numerous community banks, and many of the federal and state regulatory and enforcement agencies rely on the company's compliance products, data, and services. PCi is based in Boston, MA.