FIO Fin.Objects

Financial Objects PLC
20 August 2007

PRESS RELEASE

                   Financial Objects continues growth in Asia

               with three new ibis deployments at leading banks



Shanghai subsidiaries of DnB NOR, MPS and Wachovia implement ibis banking system



London and Singapore, 20 August 2007 - Financial Objects, a leading provider of
software solutions for banking, wealth management and energy, has today
announced that three leading banks in Asia have successfully deployed its ibis
core banking solution. These implementations at Monte dei Paschi di Siena (MPS),
DnB NOR and Wachovia in Shanghai are further endorsement of Financial Objects'
growing presence in the region.

Following the opening of its branch in Shanghai in August 2006, DnB NOR deployed
Financial Objects' multi-currency ibis solution to support its commercial
lending, foreign exchange and trade finance operations. The bank, which has been
a Financial Objects' customer for twenty years, also uses ibis in various other
international locations, including London and New York. The system's ease of
integration and flexibility means it can be easily tailored to meet the needs of
individual organisations as well as local regulatory requirements, such as those
imposed by the Bank of China.

MPS also chose to implement the front, middle and back office ibis system at its
recently opened Shanghai office. The implementation follows the bank's decision
to increase its presence in China, and to upgrade its operations in Shanghai
from a representative office to a branch by Q3 2007. The robust and flexible
software will support the treasury, accounts, loans and trade finance
departments at the new branch.



Additionally, Wachovia, also in Shanghai, recently went live with ibis for its
commercial lending and foreign exchange operations. The bank's regional
controller, Ben Harrigan, was particularly impressed with the ease of
implementation, which took just three months and was completed from the bank's
Asia-Pacific headquarters in Hong Kong. Furthermore, he expects the system to
improve efficiency through standardised workflow processes. The Bank has been
using the ibis system in various locations for more than 15 years, including
London, Seoul, Taipei and Tokyo.

"Asia is a growth market for us as it continues to develop rapidly and
subsequently demand more advanced core banking solutions," said David
Carruthers, group technology director at Financial Objects. "This year has so
far been very positive for us, especially in terms of new installations of our
software at leading banks in the region. We intend to build on this success by
ensuring consistently successful implementations of our software and by
delivering tangible benefits to our clients through increased efficiencies."



Financial Objects has 180 employees in Asia. Its first office in the region was
established in Singapore in 1992 and the company has since opened an office in
Hong Kong and an offshore development centre in Bangalore. Financial Objects
also counts AMCM, Chinatrust and UOB among its Asia customer base.

For more information, please contact:

Financial Objects
Nicola Price                                          Tel: +44 (0) 20 7836 3010


Metia, PR agency of Financial Objects (UK and Singapore)

Natalie Shamshoum                                     Tel: +44 (0) 20 3100 3500
Tatiana Ameri                                         Tel: +65 989 17325


About Financial Objects plc

Financial Objects develops and markets software and services to financial
services institutions, wealth and asset managers and energy companies. Financial
Objects is at the forefront of component-based software development, using
industry-standard technology platforms to deliver flexible, robust solutions to
its customer base. Founded in 1995, Financial Objects has more than 500
customers and is listed on the Alternative Investment Market (AIM) of the London
Stock Exchange. It employs more than 300 people across the world with
headquarters in London, UK and a research and development site in Bangalore,
India.

For more information on Financial Objects please visit www.finobj.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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