13 July 2009
CRS signs partnership agreement with Asia Business Connections

Credit Risk Systems Pty Limited (CRS), as part of its expansion into Asia, announced today that it has signed a formal partnership agreement with Asia Business Connections (ABC). ABC is a leading Singapore based solutions company that provides specialised software and advisory services to the financial services industry across Asia Pacific. As a result of the agreement, ABC will now market CRS’s financial credit and market risk management system BoundaryRider to the entire Asian banking industry. ABC will also work with CRS to provide implementation, integration and support to BoundaryRider clients in Asia.

AlanTalbot

Alan Talbot, Director at ABC

Alan Talbot, Director at ABC, said: “ABC’s mission is to bring innovative and proven software solutions to the Asia Pacific financial services sector. CRS is recognised as a leader in delivering financial technology risk management solutions and advisory services to the sophisticated Australian banking community and we believe that the BoundaryRider solution can add significant value to our clients by helping them to deliver more efficient and cost-effective operations. We look forward to combining the strength of BoundaryRider with our market knowledge to help financial organizations across the region to introduce increased levels of credit and market risk management practices.

Justin Taylor, CEO of CRS said: “We are very excited about this partnership. 2008 was a significant year for CRS, with the establishment of our office in Singapore and the successful implementation of BoundaryRider in major banks such as NAB and ANZ. This partnership strengthens our capability to deliver our flagship integrated risk product, BoundaryRider, to leading Asian banks, which are moving to become amongst the most advanced banks globally in their risk management practices.”

This agreement is part of CRS’s strategic partnership initiative, that reinforces CRS’s ability to sell the BoundaryRider product throughout the Asian region. Justin continued, “This partnership will further consolidate CRS’s market position as a strategic solutions provider in the risk space. With new releases of BoundaryRider, including the launch of our BoundaryRider Basel II EPE offering, we anticipate 2009 being another landmark year for CRS.”