Milan, 23 May 2005 - One of the key battles in the financial services industry is in the area of sales and advice. Very few vendors offer software solutions that are proven, functionally rich, flexible, compliant with regulations and enterprise-grade. By partnering and integrating their functional components in this space, Finantix and Odyssey are able to offer the widest functional coverage and the most advanced technical architecture available on the market.

The combined offering will cover the needs of different segments: from retail banking and insurance, to wealth management for affluent and mass affluent clients, to private banking and retail asset management. In addition to leveraging world-class functionality within a single segment, financial institutions will derive additional benefits by reusing processes and functions across segments and channels.

The companies will start promoting the joint solution to their existing client base which includes: Abbey, ABN AMRO, Banca Intesa, Bank of China, Barclays, BNP Paribas, Commerzbank, Credit Suisse, Dexia, Dresdner Bank, Deutsche Bank, Fortis, HSBC, ING, Royal Bank of Scotland, SanPaoloIMI, Société Générale and UBS.

Contextually to the partnership, Odyssey - a leader in wealth management and private banking solutions - has purchased a 26.5% stake in Finantix in order to seal the alliance. Both companies will share expertise and resources to further accelerate their growth.

Ralf Emmerich, CEO of Finantix says:
"The Finantix-Odyssey partnership represents a big leap for the industry. Financial institutions that are considering sales and advice initiatives can now access a wide collection of tightly integrated business components and best practices in order to model all of their sales processes and advisory functions."

About Finantix

Finantix is a leading provider of component-based software solutions that enable financial institutions to better service clients, increase sales, and optimise multi-channel delivery.
Finantix provides process-oriented and sales-driven solutions in the areas of branch automation, retail advice and financial planning, wealth management, mortgage and loan origination, insurance and bancassurance, business banking, internet banking and brokerage.
Leading financial institutions selected Finantix' Components to improve advice capability, sales productivity, client satisfaction and the quality of branch services.
Finantix has offices in Helsinki, Hong Kong, London, Milan, Munich, Singapore and Venice.

About Odyssey

Odyssey Asset Management Systems is an industry leader in the provision of investment management solutions. Odyssey leads the field in wealth management automation in Europe: 15 of the top 25 banks are Odyssey's customers. The solutions - ranging from discretionary & advisory portfolio management, pro-active relationship management, reference data management, and advanced customer reporting - are used by 136 customers in 24 countries worldwide.

For further information please contact:

Finantix
E-mail: sales@finantix.com