FNS and Oracle extend software Alliance

Sydney, AUSTRALIA November 19, 2003: Financial Network Services (FNS), a leading global banking software and services provider, today announced an extension of its long term relationship with Oracle Corporation – the world’s largest enterprise software company. The two companies, both leaders in their respective fields, have agreed to offer their industry-leading software as a ready packaged, integrated banking solution to major banks around the world.

As part of the ongoing alliance, FNS will integrate its flagship BANCS®, core banking solution with the Oracle e-Business Suite of applications - Oracle General Ledger, Oracle Financial Services Applications (OFSA). FNS will also extend BANCS’ existing CRM functionality to integrate it with Oracle’s enterprise CRM application, running Oracle9i/Real Application Clusters (RAC).

Earlier this year, Oracle accorded FNS with the Oracle Certified Advantage Partner status in recognition of its commitment to technology adoption, integration and business growth.

Trevor Builder, Vice President, Corporate Marketing, FNS, said: "Financial organisations today are looking for software that is highly scalable and rich in functionality. The successful deployment of BANCS into some of the world’s leading financial services organisations is a direct result of our ability to offer our customers just this.

"Today, by formally extending our long term partnership with Oracle, we are able to provide financial organisations with a more comprehensive and integrated solution, which will be faster to deploy, enabling them to realise value for their investments in the shortest possible time."

Mark Gibbs, Vice President for Financial Services Industry, Oracle Asia Pacific, said to achieve faster time-to-market and lower TCO, customers expected the complexity of integrating multiple components of a solution to be borne by experts. "Together, Oracle and FNS provide a strong and unique value proposition which offers a competitive advantage to our global customers through faster ROI, higher standards of support and superior customer focus."

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