August 8, 2009
Primatics Financial closes three multi-million dollar deals with leading financial institutions to leverage one or both of the platforms within the Evolv Product Suite.
In the third quarter of 2009, Primatics Financial closed three separate software-license deals to implement their Evolv products relating to SOP 03-3, FAS 114 and overall Risk Analytics. Due to deteriorating marketing conditions or the acquistion of troubled loans, many institutions who typically process Troubled Debt Restructuring (TDR) with off-line, manual workarounds are anticipating the volume of loans to increase substantially and well beyond the capacity of their existing manual processes. “This is why firms look to us for an automated solution- we offer products addressing immediate needs with a flexible and scalable platform that can continue to change as the market inevitably will”, comments Abbas Valliani, Managing Director, as he discusses the long-term interest that Evolv Loan Accounting Platform and Evolv Risk Platform have received from the Financial Services industry.
If you’d like more information on this topic, please call Tracy Swensson at 703.342.0046 or e-mail Tracy at tswensson@primaticsfinancial.com.
About Primatics Financial
Primatics Financial and its subsidiaries Primatics Consulting LLC and Primatics Systems LLC, were founded in 2004 and provide accounting compliance, analytics, valuation, and risk management to small, medium and large size financial institutions. A leading-edge consulting and product development firm, Primatics is widely recognized for its ability to combine innovation with extensive domain expertise – bridging the gap between data, analytics, accounting, and technology to deliver progressive, promising end-to-end solutions. For more information about Primatics, call 703.342.0040 or visit www.primaticsfinancial.com.
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