Natexis Banques Populaires selects NEOMAlogic to power its Letter of Credit offering on the Internet

Paris, October 17, 2003 - Natexis Banques Populaires has licensed the award-winning Global Trade Portal of NEOMAlogic, a provider of Internet-based Trade Finance solutions for the financial services industry, to enable its corporate clients to perform their documentary credit transactions on the Internet.

Following an intensive evaluation of several solutions proposed by the primary international Trade Finance software vendors, Natexis Banques Populaires has selected NEOMAlogic's Global Trade Portal for the deployment of its new on-line service aimed at importers and their Letters of Credit transactions.

With its Global Trade Portal, NEOMAlogic provides an innovative electronic banking Trade Finance solution for banks willing to offer their corporate clients a full-featured Internet-based console for the management of on-line Letters of Credit, Documentary Collections, Financing, Guarantees and their underlying documentation (document preparation, eUCP).

"By selecting NEOMAlogic's Global Trade Portal, we have primarily chosen to satisfy the demands of our clients by providing them with an open, user-friendly and proven solution" explains Marie-Helene Spillemaecker, head of Marketing for International Corporates and Financial Institutions at Natexis Banques Populaires, "and since the start of our project, we pride ourselves on having selected a partner who provides proximity with best-in-class reactivity."

"Natexis Banques Populaires is one of the leading banks providing Trade Finance services in France," said Olivier Berthier, managing director of NEOMAlogic, "we are proud that they have chosen to partner with us and we are confident that our Global Trade Portal solution will enable them to achieve their strategic objectives and address precisely their corporate clients' requirements."

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