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COR wins new contract for BITA Star with leading European Private Bank.

LONDON, October 04 2004: COR Financial Solutions (COR-FS), international provider of asset management and banking software today announced that a leading private bank has become the latest customer for BITA Star, COR-FS’s market leading client risk profiling solution and strategic asset allocation solution for private banks and wealth managers. Under the terms of the deal, the customer will initially be deploying the system for use by a significant number of end users across 5 geographic locations.

BITA Star provides private banks, wealth managers, family offices and private
client investment managers with sophisticated capabilities that address the key
areas of client risk profiling and strategic asset allocation. BITA Star delivers benefits to customers by reducing and controlling the many business, regulatory and client relationship risks faced by firms today. Taking a workflow approach and combining asset class level allocation features with unparalleled reporting capabilities BITA Star delivers institutional levels of investment sophistication within a specifically designed private client methodology.

Chris Brooke, Business Development Director at COR-FS: "We are excited that
this leading private bank have become the latest organisation to select BITA Star to meet their client risk profiling needs. The leading product in its space, BITA Star will enable the customer to minimize business and regulatory risks at the same time as successfully managing and meeting client expectations. The high level of client facing functionality delivered by BITA Star will also strengthen the client acquisition process."

He continued: "The customer evaluated a number of alternative solutions, with
BITA Star emerging as the only viable option available to meet all of the
customer’s requirements in a single integrated solution. From the sophisticated
risk profiling through to the extensive client reporting capabilities, BITA Star
provides the customer with a very powerful tool to help develop suitable
investment strategies and present them to clients."

Daryl Roxburgh, COR-FS Bita Risk Solutions group, said: "The traditional high,
medium, and low classifications of client risk have been overtaken by events both market driven and regulatory. The volatility of markets has led clients to look to alternative asset classes and structured products for their investments. At the same time as markets become more difficult and products more complex the FSA has become more active in looking at two fundamental aims of the COB (Conduct of Business Regulations) customer understanding and suitability of investment. Through their implementation of BITA Star, Our new customer will be well equipped to meet these challenges".

He continued: " A key aspect for our new customer is the ability of BITA Star to
include structured products along with other traditional and alternative asset
classes in the construction of strategic asset allocations for clients that match their risk and return expectations. BITA Star will be integrated with the
downstream processes of order management and portfolio management resulting
from the construction and reallocation of client portfolios".

Taking a workflow approach starting with a detailed questionnaire BITA Star helps the investment manager to identify clients’ appetite for risk and return, and their need for income or capital growth. This process assists the firm meet its requirements and provides the input into the portfolio construction or model
selection phase. Building on its extensive experience in supplying quantitative investment solutions COR-FS has used the data management, reporting and risk and
optimization capabilities of the BITA Curve platform to form the foundations of
BITA Star. Advanced features such as currency hedging and multi-period cashflow
optimisation have been included within the bespoke asset allocation tool.