Dublin, Ireland -- June 27, 2003 -- Kranos Security Technologies, in partnership with Hush Communications, have today released the BrokerMate platform for the Insurance and Banking sectors.
BrokerMate is a secure, form-based, document workflow platform for Banks and Insurance companies. It replicates existing manual forms to give brokers the facility to submit applications electronically. BrokerMate uses digital signatures for document signing where previously only manual ones would suffice. This significantly reduces the costs associated with printing, postage, and data entry as well as slashing processing times.
A forerunner of the BrokerMate platform is already proving very successful for ICS Building Society in Ireland. ICS estimates that the turnaround time for a mortgage broker processing a client's ICS loan application will be three days shorter than would be the case for other providers in the Irish market. Mortgage brokers using the new system should be able to tell clients whether their mortgage has been approved within 24 hours.
Jackie Gilmore, Product Development and Distribution Manager, ICS Building Society said: "ICS4Brokers has proven a resounding success with our broker community as we continue to roll out the service nationwide. Together, with the support of Kranos and Hush Communications, we have been able to consistently respond to the needs of our intermediary market by way of generating a secure,automatic mortgage application facility which has resulted in significant efficiencies for both ICS Building Society and the brokers alike"
The ICS system was originally piloted in 20 mortgage brokers in 2002. There are currently over 80 brokers using the system across Ireland and ICS estimates some 500 brokers will eventually use the service.
"Through increased business and greatly reduced costs this system can make significant, quantifiable contributions to a companies bottom line" said Terry Wymer, CEO of Kranos. "This system represents the next evolutionary step in the way broker-based business will be carried out in the future"
"We are delighted with the success of the ICS4Brokers system, and look forward to seeing similar success with BrokerMate" said Ben Cutler, Hush CEO. "Organisations can now conduct traditional paper-based business securely online to achieve competitive advantage through greater efficiency and reduced processing costs"
To get more information about BrokerMate and related products, please visit the corporate website at www.kranos.com or e-mail email@example.com
About Kranos Security Technologies
Dublin, Ireland based Kranos Security Technologies Ltd. was founded in July 2002. Kranos provides companies with the products and services necessary to help protect business infrastructure from currently known and future anticipated computer security threats. Kranos develops its own branded products that use state-of-the-art encryption and digital signature technology for communications and workflow management. The first of these products, BrokerMate(tm), is a secure document workflow platform for increasing business and decreasing costs in broker-based market sectors. The soon to be released MessageMate(tm) is the first commercial Instant Messaging (IM) platform to seamlessly incorporate digital signing and encryption. The Kranos team of experienced security professionals provide development, consulting and auditing services to an international customer base. For more information, visit the corporate website at www.kranos.com.
About Hush Communications
Hush Communications is the leading global provider of managed security solutions and encryption key-serving technology. It was awarded the maximum five stars for secure messaging product by Secure Computing Magazine, the Best Internet Security Freeware Award from Firewallguide.com and voted best Webmail service for travellers' mails by the Net Internet magazine. Hush distributes its solutions to the financial, medical and legal markets, and to general portals and enterprises. These solutions include encryption products and management services in the secure communications industry for personal, SME and corporate enterprises. Hush Communications Corporation is incorporated in the U.S. with operating subsidiaries in Dublin, Ireland, Vancouver, Canada and Anguilla, BWI. Hush is the provider of HushMail and HushMail Private Label, the worldwide standards in secure messaging. For more information, visit the corporate site at www.hush.com.
Note to editors: Kranos and Hush product names and logos are trademarks of their respective companies. All rights reserved.
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