Bank of Taiwan extends Abraxsys licence in its key North American locations.

London - 17th May 2007

COR-FS today announced that the Bank of Taiwan has extended its Abraxsys licence in both its Los Angeles and New York offices for an additional two year term. The bank, which has been a loyal customer since 1990, was keen to extend its relationship with COR-FS further. The General Manager of Bank of Taiwan, New York said, “We value our relationship with COR-FS. Their knowledgeable staff understand our business and this is reflected in the excellent client support and features of the Abraxsys solution, which continues to meet our evolving requirements”.

Leon Price, CTO and Head of Operations for the COR-FS group of banking products commented, ‘We are delighted to extend our long and successful relationship with the Bank of Taiwan. We believe that the length of our relationship with them is a testament to the Abraxsys solution’s breadth of functionality and features, many of which make it an ideal fit for a branch office of an international bank”.

Abraxsys is a fully integrated banking solution designed to increase the efficiency and performance of international, wholesale and commercial banks. It delivers a broad array of real-time, multi-user, multi-currency and multi-branch features to many customer sites globally. The integrated features of Abraxsys eliminate the need for re-keying of transactions and mean there is no duplication of data and operational risk is therefore greatly reduced.

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