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ANZ Bank Selects ILOG BRMS for Mortgage Processing System

  • 19 April, 2007 08:39

<p>ILOG (NASDAQ: ILOG; Euronext: ILO, ISIN: FR0004042364) today announced that ILOG JRules, a key offering in ILOG’s business rule management system (BRMS) product line, has been selected by leading Australian bank Australia and New Zealand Banking Group Limited (ANZ) as a component of ANZ’s new end-to-end loan origination system. As part of a strategic business transformation program, ILOG’s BRMS will help enable ANZ improve the automation of its residential mortgage applications.</p>
<p>As at September 30, 2006, ANZ was one of the five largest (by market capitalization) and most successful companies in Australia, with 1,265 worldwide points of representation including 781 branches in Australia and more than six million personal, private banking, small business, corporate, institutional and asset finance customers worldwide.</p>
<p>ILOG’s professional services team will support ANZ through the phases of the Mortgage Automation Program through the provision of a best practice approach to the implementation.</p>
<p>A BRMS is a software platform for managing the entire business rule lifecycle – from rule creation to management to maintenance. Because Business Rule Management Systems allow fast-changing business policies to be maintained separately from the rest of a software application, they have become solutions for addressing the challenges created by faster business cycles and change, and aging software architectures that can’t accommodate change quickly enough. These benefits have made these systems a key component of IT modernization initiatives at Global 2000 companies and many government organizations worldwide.</p>
<p>ILOG has consistently built on its history of product innovation to make it one of the industry’s leading provider of business rule management system software. Forrester Research has recognized ILOG as a rules platform market leader, including the leader in rules platforms for Java. Customers of ILOG’s award-winning BRMS products include eBay, Equifax, Grupo Santander, Harrah’s Entertainment, Visa, Vodafone, Zurich, and many other leading Global 2000 companies and governments worldwide. ILOG's business rule management system (BRMS) product line includes ILOG JRules™, ILOG Rules™ for .NET® and ILOG Rules (C++).</p>
<p>About ILOG
ILOG delivers software and services that empower customers to make better decisions faster and manage change and complexity. Over 2,500 corporations and more than 465 leading software vendors rely on ILOG's market-leading business rule management system (BRMS), supply chain planning and scheduling applications, and optimization and visualization software components, to achieve dramatic returns on investment, create market-defining products and services, and sharpen their competitive edge. ILOG was founded in 1987 and employs more than 800 people worldwide. For more information, please visit http://www.ilog.com.
# # #
ILOG is a registered trademark, and JRules is a trademark, of ILOG S.A. and ILOG Inc. All other trademarks are the properties of their respective owners.</p>
<p>For further information please contact:
Shuna Boyd BoydPR 02 9418 8100</p>

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