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News Release - 19 February 2009

Top Japanese Bank Rolls Out PROactive™ Across Its International Branches

A tier one Japanese bank has gone live with the latest version of PROactive™ Control Suite across its entire back office operations in London, New York, Singapore and Hong Kong to further optimise post trade efficiencies for payments and cash management processes.

The bank sought a complete, global, STP solution for its evolving business needs, with the aim of minimising both user intervention and operational risk. Equally important was the move to new corporate governance standards and aiding compliance as well as supporting internal controls and financial reporting imposed by new regulations such as the Sarbanes-Oxley Act (SOX).

PROactive™ is a payments, confirmation, and reconciliation solution that has the flexibility to link together existing systems in all four main processing hubs.