Luxoft Helps Deutsche Bank Develop Comprehensive Approval System COMPAS for Loan Origination & Credit Risk Management

New Product Enables Deutsche Bank to Better Serve Its Clients & Expands Its
Market Share
NEW YORK--(Business Wire)--
Luxoft, a leading global provider of advanced application and product
development services, today announced the successful delivery of COMPAS System -
a risk management tool developed jointly with Deutsche Bank`s Risk Management
Advisory (RMA) division.

In order to better serve its clients, the RMA group at Deutsche Bank wanted to
develop an innovative Loan Origination system, which would include an automated
credit decision engine, helping to surpass challenging regulatory requirements
and meet international banking "best practices".

Deutsche Bank selected Luxoft as the software development partner based on the
winning combination of the right skills and a proven track record of success
with previous engagements.

Utilizing Luxoft`s global delivery capability along with transparent
communication and reporting models, RMA was able to release a marketable version
of COMPAS in less then six months. COMPAS is now an advanced web-based lending
tool that automates, standardizes and systematically manages the loan
origination and credit approval process by providing an automated decision
engine while managing the specific credit risks inherent in lending.

Jan Gross, Global Head of Risk Advisory Services at Deutsche Bank emphasized the
importance of credit risk management: "Effective credit risk management is a
vital component of a bank`s overall risk management strategy and is essential to
the long-term success of any banking organization. We are glad that together
with Luxoft we were able to develop an advanced solution that significantly
improves client satisfaction by quicker decisions and enhances overall risk
management."

Wolfgang Topp, Global Head of RMA at Deutsche Bank, added: "Luxoft`s involvement
makes COMPAS more competitive. Luxoft helps us deliver a technological advanced,
flexible and leading edge solution to our customers worldwide."

Having completed the original development stage, Luxoft continues to provide
ongoing support function for the COMPAS system. Moreover, the two companies
believe that the product has wide potential in the business community and will
therefore work together to market it to organizations worldwide.

"We are happy that Luxoft and Deutsche Bank once again had a winning engagement
and that we are able to deliver a quality solution that meets critical market
needs," said Yuri Elkin, Managing Director of Financial Services at Luxoft.

About RMA

Risk Management Advisory delivers a full range of bespoke solutions to address
the risk management and asset servicing requirements of demanding financial
institutions and corporate clients in Asia, the Middle East, Europe and Africa.

RMA combines local expertise with international experience and best practice
throughout the numerous legislations and jurisdictions where we operate, and is
dedicated to being the best financial advisory service provider in the world for
the implementation of best practice integrated risk management infrastructure.

About Luxoft

Luxoft, a member of the IBS Group, is an emerging global leader in application
and product engineering outsourcing services for enterprise IT organizations and
software vendors. Luxoft builds lasting partnerships with its clients, such as
Boeing, Deutsche Bank, UBS, Dell, IBM, Sabre and other global leaders, based on
the culture of engineering excellence, innovation, and deep domain expertise.
Luxoft offers global delivery capability through its network of state-of-the-art
delivery centers in North America, Central & Eastern Europe, and Asia. Luxoft`s
customers benefit from the right mix of technology skills, industry knowledge,
best-of-breed processes and methodologies, and a choice of engagement models.

Luxoft has been awarded the #1 position in the "Emerging European Markets"
category of the 2009 "Global Services 100" list. Company is also a recipient of
the Applied Innovation Award from the IAOP and Wipro, ITAA and Forbes (together
with Deutsche Bank).

Luxoft
Julia Simonova, 212-964-9900 (x228)
JSimonova@luxoft.com

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