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KAS Bank Chooses SunGard for SWIFTNet Migration

London, 27 September, 2004 - SunGard Business Integration, an operating group of SunGard (NYSE:SDS), today announced that KAS Bank has selected MINT to help its migration to SWIFTNet.

In order to comply with the migration windows set by SWIFT, KAS Bank needed to find a solution to be able to process its SWIFT FIN traffic over the SWIFTNet network. As KAS Bank’s current in-house system only provides a connection to the legacy X.25 SWIFT network, KAS Bank was looking for a scalable solution that could act as a non-invasive ‘bridge’ between its current system and SWIFTNet. It selected MINT because the solution best fit its requirements. KAS Bank will not need to purchase any additional integration or gateway software as part of the project since MINT contains all the necessary connectivity modules.

Dick Korpel, assisting managing director, KAS Bank, said, "We were looking for the most effective way to achieve our SWIFTNet migration timescales and SunGard demonstrated both the capability and the flexibility that we needed. We are confident that MINT will deliver a real advantage to our financial message processing operations and are delighted to have SunGard as our partner in this venture."

Danny Barsella, president of SunGard Business Integration, commented, "I am pleased to welcome KAS Bank to the group of customers that have already selected SunGard to be their technology partner for the SWIFTNet migration. We look forward to helping KAS Bank achieve its goal of improved financial messaging and working with it on its future messaging plans."

The ’single-network multi-services’ SWIFTNet revolution has led many organizations to re-evaluate their business operations architecture. Economies-of-scale can be achieved by consolidating many financial network services into one single business operations framework, helping to reduce total cost of ownership and increase operational efficiency.