Business Services Industry

Norwest Selects Neuron Data's Elements Expert for Major Consumer Lending Application

Business Wire, June 23, 1998

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--June 23, 1998--Neuron Data, Inc., the leader in business rules automation, today announced that Norwest Financial Information Services Group (NFISG) will use Neuron Data's Elements Expert(tm) as one of the components in building SAPPHIRE. The new system design utilizes leading edge technology to incorporate state-of-the-art support for virtually every facet of consumer financial services. SAPPHIRE will provide comprehensive support for originating, funding, servicing and collecting accounts along with extensive management reporting, complete financial reporting and complete int45,000 users.

"After much due diligence we chose Neuron Data's Elements Expert(tm) to build the businesture and handle high volumes of transactions. Ir step forward in the financial services industhelp us build a flexible and adaptable system where the underlying business logic can be changed quickly in a distributed environment with minimal impact on the rest of the application."

"SAPPHIRE is obviously a major new system for Norwest and the entire financial services industry. We're delighted to be a part of it," said Mike Braun, chief executive officer of Neuron Data.

Business rules automation helps create smart application components that are adaptable to business changes and interact with customers. Instead of embedding business rules within application code, business rules are externalized from the applications in a rules-base, and can be shared by many applications. Elements Expert(tm) allows users to capture simple or complex business rules in a visual, object-oriented programming environment.

About Norwest Financial Information Services Group

Norwest Financial Information Services Group (NFISG), is the information services subsidiary of Norwest Financial, an $9 billion international financial services company and subsidiary of Norwest Corporation (NYSE:NOB). Headquartered in Des Moines, Iowa, Norwest Financial spans the Western Hemisphere from Saipan in the western Pacific through Canada, across the United States, the Caribbean, and into Latin America.

About Neuron Data

Headquartered in Mountain View, Calif., Neuron Data is the global market leader in business rule automation. Elements, the company's open component framework for smart application components, is used by corporate developers, commercial software vendors and systems integrators worldwide to develop flexible software applications that automate business processes and respond rapidly to business change. Neuron Data serves its customer base from twelve offices worldwide, including international locations in London, Paris, Frankfurt and Tokyo, and through distributors located throughout the Pacific Rim. Please visit www.neurondata.com for more information. -0-

Note to Editors: (c) 1998 Neuron Data, Inc. All rights reserved. Elements, Elements Advisor, Elements Expert and Elements Presenter are trademarks of Neuron Data. Java and all Java-based trademarks and logos are trademarks of Sun Microsystems, Inc. in the US and other countries. All other products are trademarks or registered trademarks of their respective owners.

CONTACT: Neuron Data, Inc.

David Dawson, 650/943-2538

david.dawson@neurondata.com

or

Shafer Public Relations

Dawn Holstein, 415/273-5223

dh1@shafer.usa.com

COPYRIGHT 1998 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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