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Natexis Banques Populaires opts for Surecomp's front-to-back trade finance solution

London - March 8, 2004 - Surecomp, a leading provider of trade finance solutions for the wholesale banking industry, announced today that Paris-based Natexis Banques Populaires, the country's 8th largest banking group and ranked in the top 100 banks worldwide, has licensed Surecomp's comprehensive front-to-back trade finance solution.

Natexis Banques Populaires, one of the three leading French trade finance services banks has selected Surecomp's SWIFT ReadyGold and bolero.net enabled IMEX for back office operations and bolero.net enabled Java-based NetIMEX as its customer front-end.

The bank will be implementing IMEX version 6.2 on a UNIX platform and NetIMEX version 3.0.

The licensing of Surecomp's fully comprehensive front-to-back trade finance solution is yet another element in Natexis Banques Populaires's modernization of their trade finance services.

"The selection of Surecomp's front-to-back trade finance solutions by Natexis Banques Populaires for use in Europe was based on a thorough evaluation of the supplier. Surecomp has a demonstrabel track record with first class solutions and expertise," says Didier Trupin, Head of Information System & Operational Process, Natexis Banques Populaires.

Didier Trupin added "To enable Natexis to grow 5 or 10 fold we knew that without modernizing our trade finance systems we would achieve a negative grow. We are confident that Surecomp's solution will allow us to achieve our aims."

Commenting on the selection by Natexis Banques Populaires, Paul M. Thomas, Surecomp's Director, Global Sales said, "The agreement can be regarded as most significant for Surecomp. The deal further strengthens Surecomp's position as a leading supplier of wholesale banking solutions to the French banking industry."