FINEOS finds the perfect Lynx

FINEOS and Lynx Financial Systems join forces to provide banks with a truly integrated CRM solution

April 30, 2001 - Dublin, London - FINEOS (formerly Managed Solutions Corporation) and Lynx Financial Systems have announced a global partnership to deliver an integrated CRM solution to the financial services sector. Lynx is a top-tier UK provider of banking solutions while FINEOS is a leading provider of enterprise solutions for banking and insurance.

Lynx Financial Systems, a subsidiary of Lynx Group plc will integrate the FINEOS Banking Solutions suite of CRM, workflow and portal solutions with SUMMIT, its lending, savings and mortgage management system. Lynx will then deliver the complete product set to market.

Initially targeted at UK and Irish building societies and mortgage providers within the user group of the Lynx SUMMIT system, the deal is designed to ultimately deliver this integrated solution to financial services companies on a global level. The partnership thus allows FINEOS, through Lynx, to extend its market presence.

The partnership will be developed over two phases and will evolve to see the creation of a web-based solution linking Internet product offerings from Lynx with FINEOS's portals and thin client products.

Linda Fisher, Sales and Marketing Director, Lynx Financial Systems, said: "The value of this partnership offers the market a truly integrated CRM solution which is second to none. FINEOS's CRM solutions will complement SUMMIT so that we can now offer our potential customers a suite of products that is unrivalled in this marketplace."

Donal McCarthy, Business Development Director for Alliances at FINEOS added, "Lynx is a natural partner for us as the two companies enjoy tremendous synergies. We've already integrated our solutions within a number of UK building societies and now we're looking forward to growing the relationship."