Old National Bank selects Credit Enterprise Platform from Neural Technologies Inc.

Bad debt and fraud can have a considerable impact on the success and bottom-line profitability of an organisation, a particular concern for companies offering financial services. To protect against this and, in line with its ethos of strength and integrity, Evansville-based Old National Bank has signed a further contract with leading risk management software specialist, Neural Technologies.

Date: 1st January 2014
Categories: Technology

Over the last four years, Old National Bank has worked with Neural Technologies to develop a robust Enterprise platform for credit originations and lifecycle credit management to identify high-risk prospective customers.  This new contract migrates Old National’s application and loan origination decision-making process to the latest Minotaur™ Credit Management Enterprise Platform, allowing the organisation to consolidate its risk solutions to a single platform.

“We have been very pleased with the consistent high level of service provided by Neural Technologies. We are looking forward to migrating to their new Minotaur Credit Enterprise Platform” comments Kerry Foley, Senior Vice President ­ Credit Administration Functions at Old National Bank.

Ian Gebbett, CEO of Neural Technologies Inc., added: “It has been a pleasure to work with Old National since the start of our relationship in 2009. We are very excited to have been selected to deploy our new Minotaur Enterprise Credit Platform in 2013 and very much look forward to assisting Old National in their future goals of consolidation to an enterprise solution.”

About Old National

Old National Bancorp (NASDAQ: ONB) is the largest financial services holding company headquartered in Indiana and, with $9.7 billion in assets, ranks among the top 100 banking companies in the U.S. Since its founding in Evansville in 1834, Old National has focused on community banking by building long-term, highly valued partnerships with clients in its primary footprint of Indiana, Illinois, Kentucky and Michigan. In addition to providing extensive services in retail and commercial banking, wealth management, investments and brokerage, Old National also owns Old National Insurance, one of the 100 largest brokers in the U.S. For more information and financial data, please visit Investor Relations at www.oldnational.com.

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