JERSEY CITY, New Jersey, July 30, 2013 /PRNewswire/ --
Sapiens International Corporation, (NASDAQ and TASE: SPNS), a global provider of innovative software solutions for the financial services industry, announced today that Cole Taylor Mortgage, a division of Cole Taylor Bank, Chicago, IL, has selected Sapiens DECISION, a Business Decision Management System, as a core component of its mortgage platform.
Commenting on the selection of Sapiens DECISION, Alan Holsztynski, Senior Vice President Director IT, Cole Taylor Mortgage, "Sapiens DECISION is a key element in enabling our technology platform to move our overall business strategy forward."Roni Al-Dor, President and CEO of Sapiens, commented, "We are proud to have been selected by Cole Taylor Mortgage. We continue to experience a growing interest in Sapiens DECISION, and this win is an important step in the implementation of our growth strategy." Janet Eakes, Business Owner Financial Services for Sapiens DECISION, "DECISION provides efficiency and accuracy in the application and compliance of business policy and regulations and, thus, creates a substantial competitive advantage for financial institutions. We have witnessed the mortgage industry in particular adopt DECISION to quickly achieve improved flexibility, business control, and consistent compliance across the mortgage platform." Sapiens DECISION is a modern Business Decision Management Solution used by organizations to efficiently and comprehensively simulate, change and analyze the business logic that drives operations, governance and compliance of each organization from the business owner's control. Sapiens DECISION fully implements the 15 principles of The Decision Model developed by Larry Goldberg and Barbara von Halle, Knowledge Partners International. It ensures consistent execution and governance across all applications, across any rules engine or business process management system, and provides interfaces with any IT execution application. About Sapiens