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Non-Tech : BASIS100 BAS-TSE

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To: Tom who wrote (101)4/16/2002 8:44:56 AM
From: Tom  Read Replies (1) of 104
 
More news from the lonely voice of me......

SOURCE: Basis100 Inc.

National Bank of Canada's Mobile Mortgage Sales Force Goes Live with HomeBASE(TM)
National Bank's Mobile Sales Force is up and running, the second of the Big Six Banks
TORONTO, April 16 /CNW/ - Basis100 Inc. (BAS: TSE), a technology solution provider for the financial services industry, announced today that National Bank of Canada has successfully implemented HomeBASE for its Mobile Mortgage Sales Force. All Mortgage Specialists will be fully implemented by April 18th 2002.
The National Bank Mortgage Sales Force will now be able to use their laptops to create a mortgage application and transmit it electronically to National Bank's Mortgage Center for approval from a client's home or on the road. The HomeBASE application is connected to National Bank's own credit scoring system, as well as Canada Mortgage Housing Corporation and GE Mortgage Insurance Company, so that decisions can be made quickly and seamlessly without the need to re-key information into multiple systems. This allows the Bank's mortgage specialist to provide a faster response to the client and reduces the time and effort in processing the mortgage application.

"Basis100's technology solution will increase efficiencies and service levels, allowing us to provide our clients with the quality of service they deserve", stated Nicole Dumont, Senior Manager Retail Credit Solutions of the National Bank of Canada, "We were impressed with the Basis100 team - they provided us with great support through our implementation process."

The Bank's mortgage specialists will also have the ability to provide clients with various payment options and potential financing scenarios with calculation tools built into the HomeBASE application. The additional functionality available with the HomeBASE application will allow the mortgage specialist to track their prospects, referral sources, and manage their individual operations more effectively.

"Yet another successful implementation, Basis100's solutions offer great value and flexibility to meet the needs of financial institutions in today's dynamic environment. We have a consistent delivery methodology and are quick to respond to our client's needs," stated Jeff Patterson, President Canada and International of Basis100 Inc. "We look forward to our next project with National Bank of Canada."

About National Bank of Canada

National Bank of Canada is an integrated financial group whose mission is to provide comprehensive financial services to consumers, small and medium- sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including all the investment banking services required by large corporations. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. Ranking sixth among Canada's chartered banks, the National Bank is the leading banking institution in Quebec and the bank of choice for independent businesses. It has branches in every province of Canada. Through its representative offices, subsidiaries and alliances, it is also represented in the United States, Europe and elsewhere in the world. Its assets now exceed $75 billion and, together with its subsidiaries, it employs over 17,000 people. The Bank's head office is in Montreal and its shares are listed on the Toronto Stock Exchange.

About Basis100

Basis100 Inc. is a global technology solutions provider, which enables businesses to build, distribute, buy and sell products and services in more efficient and innovate ways. Basis100's lines of business include: Lending Solutions for consumer credit, mortgage origination and processing; Data Warehousing and Analytics Solutions for automated property valuations, property data-warehousing, data products and analytics support; and Capital Markets Solutions for cash and derivatives trading, and settlement and clearing. Our solutions are installed on 5 continents and 36 countries around the world. For more information about Basis100, please visit www.Basis100.com.

Forward-looking (safe harbour) statement

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

For further information

MEDIA RELATIONS - CANADA, Terri Muccilli-Oswald, Media Relations, Basis100 Inc., (416) 368-8998, tmuccilli-oswald@basis100.com
INVESTOR RELATIONS, Lance McIntosh, Chief Financial Officer (Investor Relations), Basis100 Inc., (416) 364-6085 Ext 170, lmcintosh@basis100.com
MEDIA RELATIONS - UNITED STATES, Cris Peters, Media Relations, Basis100 Corp, (404) 256-9767, cpeters@basis100.com
MEDIA RELATIONS - NATIONAL BANK, Carole Gagné, Relations publiques et Communications, Banque Nationale du Canada, (514) 394-6991, carole.gagne@bnc.ca
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