ATLANTA, May 6, 2004 (PRIMEZONE) -- Harland Financial Solutions, Inc., a subsidiary of John H. Harland Company (NYSE:JH), today announced that independent market analyst Datamonitor has highlighted several Harland Financial Solutions products in its recent report entitled Branch Renewal in US Retail Banking (DMTC0939).
Datamonitor helps 5,000 of the world's leading companies address complex business issues through proprietary databases and industry expertise in six industry sectors. According to their recently released report, branch renewal is fast becoming the most significant area of distribution channel technology spending in US retail banking and is expected to grow at a compound annual growth rate of 22% between 2003 and 2006. Further, Datamonitor expects some 26% of US branches to have been renewed by 2006.
"Combining best-of-breed teller automation functionality with CRM for the branch will be essential," states Datamonitor analyst Christine Skouenberg. In the teller applications arena, for example, Datamonitor's report refers to Harland Financial Solutions' Encore!(R) Suite and EZTeller(R) solutions. "Targeted at large banks, the Encore! Suite presents a solid offering, combining teller, deposit and loan origination, and CRM functionality," continues Skouenberg. "EZTeller is an attractive solution for community banks. It can be implemented fully out-of-the-box, enabling a cost-effective implementation of a best-of-breed teller automation solution."
Also referenced in the report is Harland Financial Solutions' Laser Pro(R) product for its key compliant loan origination functionality and the Touche(R) Customer Relationship Management Solution, rounding out the company's fully integrated suite of retail solutions.
"We believe that there is significant opportunity for Harland Financial Solutions over the next several years. As financial institutions focus on their branches with renewed vigor, we are poised to present best-of-breed, integrated retail solutions for any size and type of financial institution," said Lois Roberts, President of Harland Financial Solutions Lending and Retail Solutions Group.
About Datamonitor
Datamonitor plc (DTM.L) is a premium business information company specializing in industry analysis. We help our clients, 5000 of the world's leading companies, to address complex strategic issues. Through our proprietary databases and wealth of expertise, we provide clients with unbiased expert analysis and in-depth forecasts for six industry sectors: Automotive, Consumer Markets, Energy, Financial Services, Healthcare, Technology. Datamonitor maintains its headquarters in London and has regional offices in New York, Sydney, Frankfurt, Shanghai and Hong Kong. Contacts for further information: Europe: Krishna Rao Tel: (+44) 20 7675 7271 E:krao@datamonitor.com US: Sarah Person Tel: (+1) 212686 7400 E:sperson@datamonitor.com (http://www.datamonitor.com)
About Harland Financial Solutions
Harland Financial Solutions (http://www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes. Harland Financial Solutions is a leader in deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems, customer relationship management systems, and compliance training software.
About Harland
Atlanta-based John H. Harland Company (NYSE:JH) (www.harland.net) is listed on the New York Stock Exchange under the symbol "JH." Harland is a leading provider of software and printed products to the financial institution market. Harland's software solutions include, deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems, and customer relationship management systems. Harland's printed products offerings include checks, direct marketing and financial forms. Scantron Corporation (www.scantron.com), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets.
This press release contains statements, which may constitute "forward-looking statements." These statements include statements regarding the intent, belief or current expectations of John H. Harland Company and members of its respective management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Reference is made to the Risk Factors and Cautionary Statements in Harland's Form 10-K and Form 10-Q filed under the Securities Exchange Act.