Abacus 4.5 Contains Significantly Enhanced Usability Features & Management Reporting Capabilities

New York, New York, June 2, 2004 -- ERisk, the leading developer of risk and capital management software, announced today the release of an upgraded version of its Economic Capital analytics software, Abacus version 4.5. With new features and improved usability, Abacus 4.5 will make it easier for senior managers at banks to make sound decisions based on risk-adjusted performance metrics.

"Abacus has become the standard for risk and capital management among U.S. banks, and there are more banks using Abacus to calculate Economic Capital than any other approach. Many of the Abacus enhancements released today were driven by the growing need of senior managers to incorporate an effective Economic Capital framework into their organizations," stated Peter Nakada, EVP and Head of Consulting at ERisk. "Overall, we feel this latest version of Abacus makes it easier for banks of any size or sophistication to gain insights from world-class Economic Capital analytics."

Abacus is the first enterprise risk management software solution designed to measure all of a bank's risks in terms of Economic Capital. Abacus provides insights regarding capital adequacy, capital consumption, risk-adjusted profitability, and shareholder value. The product is the only software solution that integrates risk assessment and management across all risks, including credit, market, asset/liability mismatch, and operating risks.

Some of the new and improved features and enhancements added to the Abacus 4.5 release include:

Custom Reporting Improvements designed to bring enhanced usability, integration and manageability;

• New Slice-n-Dice Reporting Capabilities including support for the assignment of custom categories to loan-level imports and sub-portfolio imports;
• Enhanced Graphical User Interface and Improved Usability to make users' online experience more intuitive, attractive, and consistent with evolving interface standards;
• Upgraded Abacus A/LM Tool with more robust reporting options;
• Extended Help Functionality including context sensitive help.

"Our fast-growing community of Abacus client banks have been instrumental in suggesting and helping fine-tune so many of the new features that make this version of Abacus the most powerful and easy-to-use yet. We want to thank all the users of Abacus for playing such a big part in shaping this new release," added Brannan Johnston, ERisk's Director of Analytical Services.

For more information about Abacus, please click here.

About ERisk

ERisk is a full-service provider of strategic risk management solutions, including Economic Capital analytics, operational risk systems, consulting, and executive-level workshops and briefings. Our mission is to help financial services organizations, property & casualty insurers, and non-financial corporations transform their risk management processes to increase management effectiveness, reduce losses and increase shareholder value. For more information about all ERisk's offerings, please visit the ERisk website at www.erisk.com or call 212-819-0170.

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Press Contact:

Tony Marcos

Director of Marketing

ERisk

(917) 522-1619

tmarcos@erisk.com

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