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Dublin/London, 23rd May 2003 - FINEOS Corporation, a leading innovator of
banking and insurance software, today announced the appointment of Isabel Hudson to its board as a non-executive director.

Hudson brings to FINEOS more than 20 years of senior-level experience in
international financial services, working with a number of leading
institutions. She currently holds the position of Corporate Development
Director with Prudential in the UK, whom she joined in June 2002. Hudson is
also Chairperson of the Board of Directors of Prudential International
Assurance (PIA).

Prior to joining Prudential, Hudson spent over two years as Chief Financial
Officer and Executive Director at Eureko B.V. (Amsterdam) based in Paris,
with the specific brief to restructure the company, develop its acquisition
strategy and prepare it for an initial public offering (IPO). She has also
held a number of senior executive roles with other leading financial
institutions, including Development Director with GE Insurance (London) and
Head of European Development and Operations for Lloyds of London.

Commenting on the appointment, Michael Kelly, CEO, FINEOS, said: "Isabel
makes a terrific addition to our board. She has an outstanding track record,
a wealth of corporate development experience and deep, global sector
knowledge. As FINEOS's markets change and evolve, we believe Isabel's
contribution to improving our competitive position will be substantial and
we look forward to her help and guidance in driving the business forward."

Isabel Hudson said: "I am delighted to join FINEOS at such an exciting point
in the company's development and I look forward to working with the company
to further increase its global presence. The market is tough today and
financial institutions need to adapt to more flexible and efficient systems
to increase efficiency and reduce costs. FINEOS is a young company with the
drive and determination to deliver to these requirements and succeed on a
global basis."

FINEOS was recently awarded Company of the Year in 2002 by the Irish
Software Association and its customers include some of the world's largest
financial services companies including, Allianz, Aviva, Fortis and the
Zurich Financial Services Group.