Briefs

Bank achieves Basel II compliance for credit risk, while enhancing credit granting business

London, April 28, 2004 - KXEN, a provider of predictive and descriptive analytic software, and Unilog, a leading provider of information technology services, today announced the successful use of KXEN Analytic Framework, at Socredo Bank, based in French Polynesia. KXEN's predictive modeling technology - recommended, adapted and deployed by Unilog - was chosen for a Credit Risk Scoring project, designated to meet the requirements for Basel II regulatory compliance.

To comply with the regulations defined by the Basel II Accord, the bank decided to launch an Internal Ratings Based (IRB) approach, which required the deployment of new tools. The objective was to score and model credit risk and to gather internal ratings on all the bank's commitments. Beyond regulatory compliance issues, the project also aimed to enhance the bank's credit business as a whole, for account managers in branches as well as for executives conducting risk planning and monitoring. The users will be empowered with new business intelligence tools for handling requests from clients and improve risk planning.

For more information, visit www.kxen.com .