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First Commonwealth Renews Subscription for ERisk's Abacus Software Solution

Monday, January 10, 2005

New York, New York -- ERisk, the leading provider of integrated software and consulting solutions that enable financial institutions to enhance their performance through better risk and capital management, announced that First Commonwealth Financial Corporation had recently signed an extension of their contract for ERisk's Abacus risk and capital management software.

First Commonwealth, with assets of $6.3 billion and headquarters in Indiana, Pennsylvania, uses the Abacus software to support advanced risk and capital management capabilities, including risk-based pricing, customer and product profitability analyses, and evaluation of risk-adjusted profitability across their business lines.

"We are extremely pleased that First Commonwealth will continue to use Abacus as part of their strategic credit, risk and capital management processes," said Scott Satterfield, Regional Manager for ERisk. "Their commitment helps to reinforce Abacus' position as the leading solution for Economic Capital, RAROC, and credit risk analysis. ERisk remains ahead of the industry in providing high quality solutions that consistently exceed our customers' expectations."

 

Interested parties can learn more about ERisk's Abacus software and consulting offerings by contacting the ERisk sales organization at 212-819-0170.

About ERisk

ERisk is the leading provider of integrated software and consulting solutions that enable financial organizations to enhance their performance through better risk and capital management. Our mission is to help senior executives to transform their risk management processes to increase management effectiveness, reduce losses and increase shareholder value. Please visit ERisk's website and risk management resource center at www.erisk.com.

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Press Contact:

Tony Marcos

Director of Marketing

ERisk

(917) 522-1619

tmarcos@erisk.com

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