HNC Software and Onyx Technologies Announce Alliance, and Plan to Launch Consumer Loan Decisioning Service

Business Wire, Nov 8, 1999

SAN DIEGO--(BUSINESS WIRE)--Nov. 8, 1999--

HNC Software Inc., the leading provider of predictive software solutions for the services industries, and Onyx Technologies Inc., a premier Application Service Provider (ASP) of online data access and customer acquisition decisioning for the cellular, PCS, and private label credit card industries, announced today that they have established a strategic alliance.

HNC will leverage Onyx's successful service bureau infrastructure and experience as a credit verification service provider to launch a consumer loan decisioning service for the financial services industry. As part of the agreement, HNC will make a minority equity investment in Onyx.

"We view the ASP model as a process that is fundamentally changing the software business. Onyx is our first strategic partner in enabling our technology in this new paradigm," said John Mutch, president and COO, HNC Software.

Onyx plans to augment its 4SCORE service, a cost-effective on-line electronic system for credit verification, customer analysis, and management, by installing HNC's Capstone(TM) Decision Manager, a high-speed, intelligent platform for automating real-time, complex customer decision processes.

Deploying Capstone Decision Manager in the Onyx ASP model will make powerful new account decisioning such as is used in large financial institutions available to telecommunications providers, as well as small and mid-size financial services organizations. The benefits of quick and accurate lending decisions will extend to consumers in turn.

Kell Canty, vice president, Onyx Technologies, commented, "Adding HNC's industry-leading intelligent software to the risk assessment tools and service bureau capabilities of Onyx Technologies will yield tremendous benefits to the general service industry."

Based in Atlanta, Onyx Technologies is the premier provider of data access and decisioning software for the Cellular and PCS industry. Its suite of online UNIX-based decision support tools are easily integrated into current company operations, for quick and accurate deposit decisions. For more information, contact Bill Garrity, Onyx Technologies, 5775 Glenridge Dr., Ste D-400, Atlanta, GA 30328, 404/815-6699 ext. 511 or visit the Web site at www.onyx-technologies.com.

HNC Financial Solutions is a leader in predictive customer relationship management software for the payment card and consumer lending industries. Its powerful suite of proven decision platforms and predictive business solutions address the mission-critical, customer-lifecycle needs of financial institutions.

Headquartered in San Diego, HNC Software Inc. (Nasdaq:HNCS) is a leading provider of complete Predictive CRM solutions for service industries. HNC divisions include Financial Solutions, Retek Retail Solutions, Insurance Solutions, eHNC, and Telecommunications Solutions. HNC's suite of predictive software solutions can provide real-time insight into customer relationships based on transaction-level data, helping business-to-consumer companies manage their relationships with individual customers. By accurately predicting customer behaviors, these companies can create initiatives to mitigate risk and attrition; improve customer service; develop marketing programs to enhance profitability; optimize store replenishment activities; and detect fraudulent customer transactions.

For more information, visit HNC's Web site at http://www.hnc.com/ or contact Melinda Bateman, HNC Software Inc., 5935 Cornerstone Court West, San Diego, CA 92121, 858/799-3880. For the investor relations hotline, call 800/396-8052.