Media Release: Synergetic Services

Media release distributed by AAP Medianet.

SYNERGETIC SERVICES AND SANDSTONE TECHNOLOGY SIGN KEY AGREEMENT

Newcastle-based, technology Company Synergetic Services Limited is pleased to announce that the Company has signed a teaming agreement with Sandstone Technology Pty Limited a leading provider of loan origination, valuation management and internet and mobile banking solutions to financial institutions globally. This agreement effectively means that Synergetic and Sandstone, by allowing their systems to seamlessly talk to each other, can collaboratively enable customers at the point of sale (such as market-sites), to electronically submit applications to financial institutions and receive a response in real time. Sandstone's customers are blue-chip financial institutions including ANZ, Westpac, Bank of Queensland, Adelaide Bank, Suncorp, ING, Credit Union Australia, IMB, Newcastle Permanent Building Society, Cumberland Building Society, Arab Bank and Rabobank.

The 'Synergy' system developed by Synergetic empowers customers to obtain pre-approval for finance in a single internet session, without the need to physically visit a lender and with 24/7 access. This innovative loan origination system is seeking to revolutionise the lending market, by implementing a more efficient, user friendly application process that provides customers with real time application responses over the internet and importantly, fully supports compliance with the new National Consumer Credit Protection (NCCP) Act.

According to Chairman of Synergetic Services, Andrew Meakin,

"By collaborating on linking their systems, Synergetic and Sandstone will enable Sandstone's lender client base to have seamless access to 'Synergy' and the wealth of opportunities it provides, including internet access to point of sales markets in a NCCP compliant environment. Loan applications initiated in 'Synergy' are seamlessly transferred to Sandstone's system for fast tracking through to settlement in the lenders back office. Both systems operate in a real time environment for rapid and robust processing."

In commenting on the agreement, Martyn Beer, General Manager Lending Solutions for Sandstone said,

"Increasingly, more loans are being initiated via the internet, as financial institutions look to offer their customers the most efficient pathway to a Lending Solution. Given Synergetic's front end capabilities and our own back end loan origination and processing innovations, we are extremely excited by the opportunities that the Teaming Agreement with Synergetic presents."

For more information visit, www.synserv.com.au

For further information contact

Rod North,

Bourse Communications,

(03) 9510 8309

or 0408 670 706.

SOURCE: Synergetic Services

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