Old National Extends Contract with Neural Technologies

by Chris Cumming

APR 17, 2013 2:37pm ET

Old National Bancorp (ONB) in Evansville, Ind., has renewed its contract with Neural Technologies, a provider of risk management software.

The $9.2 billion asset company is extending its four-year relationship with Neural, it announced Wednesday. It has been using the Kansas-based software firm's credit origination platform to identify high-risk loan applicants and reduce bad debt and fraud.

"We have been very pleased with the consistent high level of service provided by Neural Technologies. We are looking forward to continuing our working relationship," Kerry Foley, a senior vice president of credit administration at Old National Bank, said in the news release.

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