HOLON, Israel and CARY, North Carolina, June 20, 2018 /PRNewswire/ --
U.S. Bank's
Home Mortgage group has chosen Sapiens
DECISION to upgrade its loan origination
processes, improve operational
efficiency and create new market
opportunities
Sapiens International Corporation, (NASDAQ: SPNS) (TASE:
SPNS), a leading global provider of software solutions for the
financial services sector, today announced that U.S. Bank, the
fifth-largest commercial bank in the
United States, has selected Sapiens DECISION Manager, a
business decision management solution, as a strategic component of
its modernized mortgage platform.
(Logo:
http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg )
The Sapiens DECISION solution will enable the bank to quickly
and cost effectively deliver solutions to its mortgage
customers.
"Sapiens has a proven ability to model a business solution and
deliver high quality results in record time," said Harold Westervelt, managing director of Sapiens
DECISION. "We look forward to helping the Home Mortgage group at
U.S. Bank achieve their business goals."
Sapiens DECISION has revolutionized businesses' ability to
envision, model, test and deploy applications and solutions in
significantly less time, at lower costs, and with complete
confidence. A number of the world's leading financial institutions
are using Sapiens DECISION to author, manage and automate their
operational, policy and regulatory decisions. An integrated
solution designed to leverage, enhance and augment existing
technology, DECISION drives consistency and reusability to ensure
that the operational decisions that impact performance are
accurately and consistently adhered to - minimizing risk, rework
and resource requirements.
About U.S. Bank
U.S. Bancorp, with 74,000 employees and $460 billion in assets as of March 31, 2018, is the parent company of U.S.
Bank, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its branch and
ATM network with mobile and online tools that allow customers to
bank how, when and where they prefer. U.S. Bank is committed to
serving its millions of retail, business, wealth management,
payment, commercial and corporate, and investment services
customers across the country and around the world as a trusted
financial partner, a commitment recognized by the Ethisphere
Institute naming the bank a 2018 World's Most Ethical Company.
For more information:
http://www.usbank.com/newsroom/index.html.
About Sapiens
Sapiens International Corporation is a leading global provider
of software solutions for the insurance industry, with a 30-year
track record of delivering to more than 400 organizations. The
company offers software platforms, solutions and services,
including a full digital suite, to satisfy the needs of property
and casualty/general insurers, and life, pension and annuity
providers. Sapiens also services the reinsurance, workers'
compensation, financial and compliance, and decision management
markets.
The company's portfolio includes policy administration, billing
and claims, underwriting, illustration and electronic application.
The digital suite features customer and agent portals, and a
business intelligence platform. For more
information: http://www.sapiens.com.
Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com