Financeware SWIFT Service Bureau Awarded Best Practice Label for 2010

Princeton, NJ - 23 March 2010

New accreditation is SWIFT’s highest level of recognition for SWIFTReady Connectivity providers

Akshay Software International Inc. is pleased to announce that its partner for SWIFT Service Bureau services, Financeware Comércio & Serviços Ltda. of São Paulo, Brazil has been awarded the SWIFTReady Connectivity – Best Practice label in recognition of its full compliance with the 2010 criteria. Best Practice is SWIFT’s highest level of accreditation for SWIFTReady Connectivity providers, and its attainment represents the first such award in the Americas, and only the third worldwide.

Quoting SWIFT, “The SWIFTReady Connectivity - Best Practice label is awarded to shared infrastructure providers that meet higher standards of resiliency and security. The programme aims to help SWIFT users to identify the best providers that meet very strict quality levels.”

Stringent requirements must be verified by SWIFT before a Service Bureau is awarded the SWIFTReady Connectivity label. Requirements include:

• A non-redundant disaster recovery site
• Full SWIFTNet enablement
• Auditable security and access controls
• Ability to process peak daily volume in two hours
• Availability of SWIFT-certified expertise

The Best Practice label is the only SWIFT accreditation for Service Bureau that requires an on-site visit by SWIFT.

Financeware’s SWIFT infrastructure in Sao Paolo, Brazil and Buenos Aires, Argentina is housed in enterprise class data centers featuring state-of-the-art security and resilience. These include multiple independent power sources, redundant UPS configurations, high speed & redundant communication links, temperature control, 24x7x365 physical on-site security, biometric (iris recognition) access controls and closed circuit TV.

All equipment at these data centers is sourced from international class vendors such as a full suite of software applications from SWIFT and leased lines from AT&T.

Said Juan Taberner, Managing Director of Financeware, “Achieving the Best Practice label identifies Financeware as being at the top of their game for delivering quality SWIFT services to the financial and corporate communities. We are very pleased with our partnership with Akshay; their deep technical and project management skills and the ability to build strong customer relationships, have contributed significantly to our success”.

Added B.V. Venkat, Senior Vice-President and head of Akshay’s SWIFT practice, “We are obviously delighted with this recognition for our partner, Financeware. For a relatively new partnership, our results have been remarkable. We have 34 joint customers today and expect to reach 50 before the end of 2010. This speaks volumes for the synergy between our two organizations and our ability to present a seamless experience to customers.”

Akshay and Financeware renew their commitment to deliver exceptional service to clients.

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