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Financial Objects unveils increased messaging and retail account functionality

London, 12th November 2001 - Financial Objects, a leading supplier of advanced technology banking software and services, today announced increased XML-based messaging functionality and new retail banking support for its ActiveBank product range.

The new messaging module offers increased straight through processing levels
through automated authorisation, repair and release procedures. It also provides easy integration with back-office systems and routing of messages through SWIFT and other local, regional and international networks.

The ActiveBank range supports the new breed of combination products for retail banking. These products group customers' accounts, savings and investments in a single product. This enables banks to tailor products for specific customer groups and, where appropriate, offer interest accrual across the combined value of the individual elements. The combination product module is currently live with Aegon, one of Europe's largest insurers operating in the retail banking sector.

The ActiveBank products are built from internet-enabled, reusable banking application components using the Microsoft Windows Distributed interNet Application architecture. ActiveBank .net, ActiveBank e and ActiveBank Web can be licensed either as individual solutions or in component form. The range provides a set of cost-effective and flexible, internet-enabled banking solutions that integrate with existing systems and can be rapidly deployed to market.

David Carruthers, CEO, Financial Objects, says: "Financial Objects' technology provides banks with the ability to add value and easily create new product elements; in short we ensure our customers deliver the services and products that meet the needs of their customers. Our products are some of the most advanced banking solutions on the market today and we are proud to say they are always evolving to meet the changing requirements of our clients' customer base."