PETER WATTS JOINS FINANCIAL OBJECTS TO LEAD GLOBAL SALES

Board-level appointment strengthens sales force and drives international
business development

London, 8 October 2003 - Financial Objects, a leading supplier of advanced
technology banking software and services, has announced the appointment of Peter Watts as global sales director. Based in Financial Objects' London
headquarters, Peter heads up international sales and commercial activities for the company's activebank product. This appointment underscores Financial Objects commitment to breaking into new markets and strengthening its
position in existing ones.

Peter has more than fifteen years' experience in leading sales and business
development teams in the financial technology sector. He joins Financial
Objects from ABS, an international provider of banking software and services. As commercial director, he streamlined operations, implemented a realistic sales and cash forecasting process, and led UK and Asian sales teams to close their first new business in more than a year. During Peter's time at ABS, annual turnover increased by 56% .

Before ABS, Peter spent four years as sales director at solutions provider Tantus. After repositioning the company's image and higher PR profile, he
recruited a high-calibre sales team and established valuable strategic partnerships. Within two years, he had contributed to the substantial increase in annual profits. Prior to working at Tantus, Peter held senior business development positions at Inter$link, BT Syntegra and C-ATS Software.

Roger Foster, CEO, Financial Objects, says: "Peter has an impressive track
record in developing international sales, thanks to his deep understanding of technology, his familiarity with global markets, and his ability to motivate and inspire the teams he works with. Since joining Financial Objects, he has already proved himself to be a valuable addition to the Financial Objects management team. I am delighted to announce his appointment, and look forward to continuing to work alongside him on global business development for the activebank products."

Peter Watts comments: "I am pleased to be joining Financial Objects at such an exciting time in its development. With its global partner programme and new release of activebank products, Financial Objects has made clear its dedication to meeting the needs of international banking clients. Its ability to anticipate industry-wide trends, opportunities and challenges has enabled it to create one of the most advanced core banking solutions in today's marketplace. activebank's full functionality has a lot to offer within the retail and wholesale banking community, and I welcome the opportunity to introduce it to financial institutions around the world."

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