Unisys and iE sign distribution partnership for iE's e-savings and e-mortgage software

16 January 2007

Unisys Ltd ('Unisys') and Intelligent Environments Europe Ltd ('iE') have agreed to market and distribute iE's NetFinance web based account opening and servicing products to Unisys clients. The agreement covers software implementations for a range of financial services distribution channels, including for Internet, and intermediary.

The agreement also signals iE's investment in an e-mortgage product to add to its NetFinance software suite. This product will complement Unisys' strong existing portfolio of mortgage sales, application processing and servicing solutions.

iE's proven e-banking software will be integrated with Unisys' UFSS banking platform and made available as an outsourced solution for Unisys clients. Potentially, this could deliver significant benefits to banks, building societies and their customers. The integrated approach offers straight-through processing of application and account data for mortgages and savings.

Phillip Blundell, Chief Executive, iE said, 'We are delighted to have signed this distribution agreement with Unisys. Our discussions have highlighted complementary business opportunities for both e-savings and e-mortgages that we will look to rapidly progress. It also signals how our transactional pricing model is attractive not only to our clients but to our partners' clients.

We continue to look to work with best of breed distribution partners in the financial services sector through whom we can promote our NetFinance e-banking products.'

Peter Axson, Head of Banking Solutions, Unisys Ltd said, 'We are pleased and excited at the prospects for joint working between Unisys and iE. We already take to market one of the strongest, most comprehensive solution portfolios for opening, processing and managing bank accounts and mortgages. By integrating our capabilities with iE's market leading solution in e-banking, we will enable our financial services clients to provide best in class, truly seamless services to their customers across all channels. This will give them competitive advantage while also improving service quality and convenience for end user customers'.

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