Status of Lending Industry Prompts Trend Commentaries from Cypress Software SystemsArticles to Address Business Issues Affecting Banks, Credit Unions and Other Financial InstitutionsNORTH RICHLAND HILLS, Texas – April 29, 2010 – As the economy begins to recover this year, the financial industry faces more of the same – demand for better risk management, the need for lending compliance, and increased scrutiny from the government and public. To address the issues affecting banks, credit unions and other finance organizations, Cypress Software Systems is launching a series of commentaries this year that will analyze important problems and explore potential solutions. Cypress will release the commentaries on a monthly basis for the next six months, discussing timely lending matters, including:
“Financial institutions face numerous operational challenges each day as they strive to run their lending operations,” said Steven Croft, senior vice president at Cypress Software Systems. “From the recent lending crises to the onslaught of federal examiners, the industry has been battered from many sides. At Cypress, we want to provide the industry with fresh insight into methods and techniques that can help banks, credit unions and other organizations manage their operations more profitably.” The commentaries will appear on Cypress’ Web site at www.go-cypress.com, as well as on the company’s blog http://info.go-cypress.com and in leading industry trade journals. These articles are designed to be stand-alone trend reports that provide the kind of business insight and intelligence that financial institutions need to be successful in today’s challenging business climate. About Cypress Software Systems Headquartered in North Richland Hills, Texas, USA, Cypress Software Systems LP is a leading developer of automated credit application decision support technology. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions. Clients, nationwide and in 16 countries, use the company’s flagship products, Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress’ BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company’s product line also includes AppMark, an ASP-only consumer lending solution for community banks with assets of $250 million or less.Web site: www.go-cypress.com Industry Blog: "Sixty Seconds With Cypress" Media Contact: Jeff Green Michael A. Burns & Associates Inc. (214) 521-8596 greenj@mbapr.com
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