Bank Turan Alem selects Misys International Banking Systems for Trade Finance

Trade Innovation set to enhance operational efficiency for one of
the largest financial organisations in Kazakhstan

London, 27th January 2003 - Misys International Banking Systems (Misys-IBS)
today announced Bank Turan Alem, one of Kazakhstan's largest financial
organisations, has selected its Trade Innovation solution to support the
expansion of the bank's trade finance business. Bank Turan Alem has
experienced rapid growth in trade finance and now boasts a 30 per cent
market share in their region. Trade Innovation was chosen to facilitate this
growth by providing greater operational efficiency and cost reduction for
its Kazakhstan and Russian operations.

Due to go live in May 2003, the Trade Innovation implementation will support
the full range of trade related business applications, from traditional
letters of credit and collections to bills financing, syndicated lending and
clean payments.

Bank Turan Alem selected the solution following evaluation of three
competitive systems. Ms. Sholpan Lebayeva, Head of International Division,
comments: "Trade Innovation will give us a powerful tool to retain our
leading position in the trade finance business against major competitors in
the region. The localised support, global reach of the company and overall
quality of the trade finance solution made Misys-IBS the clear choice."

Integration with existing systems was also a crucial consideration for the
bank. Trade Innovation's open architecture allows ease of integration with
forthcoming implementation projects and enables better financial control and
customer management through real-time interfaces with the bank's existing
back-office. Meridian from Misys-IBS is used to integrate Bank Turan Alem's
trade finance operation with its existing systems. Using Misys-IBS'
Meridian Integration Toolkit, the Bank is assured of secure and flexible
connectivity between applications and the ability to share key data with the
back-office.

Paul Sutcliff, Trade Finance Business Unit director at Misys-IBS explains:
"Data that resides in external systems can easily be shared with Trade
Innovation. The high degree of consolidation of information enables more
effective risk management. Workflow is also integrated through the entire
transaction lifecycle. Combined with the common processing services and a
unified look to all applications, the product will enable Bank Turan Alem to
truly enhance operational efficiency and productivity to accelerate its
trade finance business."

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