NFS Launches Research & Development Center

- The R&D Center will enable NFS to enhance its existing suite of products and services and proactively develop new solutions
- The R&D Center will build a portfolio of business cases for treasury investment in new technologies and services to be shared with the industry
- Investment marks NFS' commitment to advancing industry dialogue and best practice

Singapore, 19 April 2005 - Nordic Financial Systems (NFS), the provider of technical and business integration services to the treasury industry, today announced the launch of its Research and Development (R&D) Center. Based in Singapore and headed up by Lars Hübinette, NFS' R&D Center will focus on enhancing existing NFS solutions, augmenting these with new technologies and services and contributing to overall industry awareness and technological development.

Through its experience in delivering specialist treasury solutions and business process consultancy to clients in over 30 countries worldwide, NFS understands the tools treasurers need to maximise the value of their investment in technology. NFS' R&D Center team will work closely with NFS consultants to ensure its research and development agenda reflects its clients' most pressing needs. This will further enable NFS consultants to anticipate future technology and business process needs and proactively develop solutions to meet this demand.

NFS recognises that industry collaboration and knowledge sharing are essential for advancing best practice. Similarly, many treasurers struggle with justifying the business case for investing in new technologies. For this reason, NFS' R&D Center will regularly communicate its research to the industry with the aim of facilitating industry dialogue to fuel technological and business process development. By publishing business cases for treasury technology investment, NFS will enable corporate treasurers to gain an understanding of the benefits new systems and processes extend.

Lars Hübinette, General Manager of NFS' R&D Center, comments, "NFS consultants' combined business and technology expertise uniquely puts us in the driving seat for anticipating future treasury technology and business process needs. Our goal for this Center is two-fold: to leverage its wealth of knowledge and ingenuity to improve the service we deliver to clients, and to facilitate industry-wide knowledge sharing to move us that much closer to the optimal treasury technology environment."

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