New Breed of Highly Automated “Superbanks” Emerge in the Caribbean - Eight Leading Banks Commit to “Total Profitability”

Willemstad - 12 January 2007

IBIS Management today announced that eight leading Caribbean banks have all taken the step to total profitability by choosing to automate their back office with the Alchemy Payment Processing Suite.

The leading regional banks that have selected the Alchemy Suite to transform their operations include: Antigua Barbuda International Bank Ltd (ABI Ltd), Bank of St. Lucia, Antigua Overseas Bank Ltd (AOB Ltd.),Girobank International, RBTT Barbados, National Bank of Dominica, Bank of Antigua and the St. Kitts-Nevis-Anguilla Bank.

“ABI Financial Group is always at the forefront of evaluating and implementing best practice solutions.” states Mr. Etienne Charles, Manager, Information Communication and Technology of ABI Bank Ltd. “After careful review, we found that the Alchemy Payment Processing Suite provides us with the ideal way to streamline our international payment processes and workflow within the bank.”

The Alchemy Payment Processing Suite is enabling banks across the Caribbean to deliver vastly increased customer satisfaction and operating efficiency. Banks implementing the Alchemy Suite typically become over 600% more efficient and more than double the profitability of their payment operations in under three months.

“With Alchemy the top-performing bank executives in the Caribbean are now able to give their customers excellent service and deliver their shareholders superior return on investment by fully automating their back-office.” Said Mr. Clark Russel, Managing Director of IBIS Management the developers of the Alchemy Payment Processing Suite. “STP processing is reducing strain on their IT and Operations while allowing the bank to effortlessly process dramatically increased volumes.”

The paperless, automated back-office has become the new standard in Caribbean banking. Automation is providing the emerging Caribbean “superbanks” with the capability to effortlessly win and service new domestic corporate and international clients. This trend greatly benefits retail customers who are now experiencing improved online banking services, more detailed statements and faster inter-bank transfers thanks to the back-office efficiency gains provided by the Alchemy Payment Processing Suite.

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