MEDIA RELEASE

SINGAPORE COMPANIES SHOWCASE LATEST SOLUTIONS FOR THE REGIONAL FINANCIAL SERVICES SECTOR AT THE ASIAN FINANCIAL SERVICES CONGRESS

MR No.: 011/10 , Wednesday, 24 February 2010

1. Eight Singapore financial technology solutions providers; AG|Delta, Asia Debts Xchange Pte Ltd (ADX), Emerio, Inventys, Infotech, NComputing, Inc. and 1-Net (See Annex 1) will showcase their solutions to regional buyers and potential partners under the Singapore Pavilion at the sixth annual Asian Financial Services Congress (ASFC). Four of these companies (1-net, Inventys, Infotech and NComputing) will be participating for the first time at the congress.

2. Organised by IDC Financial Insights, in collaboration with IE Singapore, ASFC is a leading financial services event that will see the gathering of Asia’s most influential economists, financial services practitioners and regulators. Held from 25 to 26 February, this year’s theme is “Prescriptions for the Upturn – What Next?” which will be aptly relevant for the current economic situation. This is the third year that IE Singapore and IDA is supporting the Singapore Pavilion.

The role of technology in the FS sector

3. Many financial services practitioners are seeing the high efficiency and fast turnaround time that ICT brings to their services. In order to respond to the changing market, many financial services providers are relying heavily on ICT for that competitive edge. The IT products and services industry is expected to grow to US$354.5 billion by 2010 with the fastest growth seen in the financial services industry within Asia Pacific. The total spending on ICT products is projected to reach US$90.3 billion this year1. To date, the industry has seen much greater diversity of players, strategies and products, and the unprecedented use of technology.

1 Celent Report, 09 Jan 2009, IT Spending in Financial Services: A Global Perspective. 1

Media Release 25 February 2010

4. Singapore has gained a strong standing in the financial sector with total assets of banks doubling since the Asian financial crisis 13 years ago.2 Singapore is also one of the five most active foreign exchange trading centres in the world and serves as a base to more than 600 financial service institutions like Deutsche Bank, BNP Paribas, Barclays, Citibank, Credit Suisse and Bank of . Singapore companies are hence, equipped with a strong record of partnerships with world class financial institutions to support their extensive technology requirements.

5. They have no doubt contributed to Singapore’s reputation as the world’s most ICT- conducive market and regulatory environment with exceptional levels of government readiness. It was ranked 7th in the world for e-Readiness3 and 4th for network readiness.

6. “Revenue from Singapore’s ICT industry has more than quadrupled, from about US$13 billion in 1997 to US$58 billion in 2008, with exports consistently comprising of at least two- thirds of industry revenue[1]. IE Singapore and IDA recognises the importance of Singapore’s ICT expertise and are working together to support companies in exporting their services globally through leading overseas missions and creation of business matching platforms,” said Ms Lena Ng, IE Singapore’s Divisional Director for Infocomms & Media,” said Ms Lena Ng, IE Singapore’s Divisional Director for Infocomms & Media.

Highlights of the Singapore Pavilion

7. With a recovering economy, participating companies at the exhibition are preparing themselves for more business opportunities this year. In spite of the downturn, Singapore exhibitors at the ASFC last year secured deals with companies from Vietnam, , and Middle East through the show

8. Some of the highlights of the solutions showcased at the Singapore Pavilion include: Asia Debts Xchange (ADX), a provider of finance solutions will be showcasing a range of collections and debt management solutions as well as a debt buying and sale bidding platform. These solutions are unique in the way that can be offered in a Software as a Service model (SaaS). This allows the user to use the product on demand in turn, saving cost on server hardware and software.

9. InfoTech will be launching 5 new applications that aim to fulfil needs across trading, brokering, securities, trading and pre-IPO. These products aim to help clients in strategy and implementation of its capital market solution programmes.

---End---

2 According to MAS, total assets of banks in Singapore grew from S$290b at end 1997 to S$706b projected for December 2009. 3 Economist Intelligence Unit e-Readiness, 2009 2

Media Release 25 February 2010

Annex 1 - Singapore Pavilion Exhibitors

AG|Delta specializes in Investment Product Distribution Solutions for Wealth Management, Corporate & Retail Consumer Channels in the

banking & financial services industry.

AG|Capital, our flagship solution, pioneers advances in Customer Centric E-commerce, Compliance, Relationship Product Pricing and Workflow Automation, to deliver a unified platform for Investments Products including Structured Investments, Treasury products, Retail Direct Investments and Exchanged Traded Products

Delivered as a rapid ROI solution with the latest Internet and SOA technologies, AG|Capital solves increasingly complex Profitability, Compliance & Educational challenges when distributing Investment Products in the post financial crises era.

With operations across all major markets in the Asia Pacific, AG|Delta is well recognized as an innovative provider of business software and advisory solutions in the region. AG|Delta has received top accolades including a Top Emerging Enterprise Singapore Award in 2008 and recognized as a Top E-Commerce Solutions provider in the 2009 from Structured Products - Global Industry Technology Survey.

URL: www.agdelta.com

3

Media Release 25 February 2010

Asia Debts Xchange Pte Ltd ("ADX") , a wholly owned subsidiary of Melioris Private Limited, provides solutions for the financial services industry to better manage working capital, enhance cashflows and improved cost management.

ADX's financial services solution suite comprises:

 ADX-MAR - 1st party Collections Management solution

 ADX Collections - 3rd party Collections & Recoveries solution

 ADX Debt Buying and sale - Platform for the selling and buying of delinquent and distressed assets.

ADX's financial services solution was awarded the MERIT award in the financial application category in the Infocomm Singapore 2008 awards. In 2009, ADX won the best developer award for the top 25 developers in Singapore.

ADX's solutions can be delivered on a Software as a Service (SaaS) model. In addition, ADX can provide full financial BPO services around collection management activities.

URL: www.asiadebtsxchange.com/

Emerio is a technology services and outsourcing company. With deep industry knowledge, business process expertise, global resources and a proven track record, Emerio deploys the right people, skills and

technologies to help clients improve their performance. Emerio help organisations achieve consistent quality and operational cost reductions through optimized service delivery models and process improvements. Emerio offers cutting edge solutions in the areas of Application Services, Infrastructure Services and Business Process Outsourcing.

URL: www.emeriocorp.com

4

Media Release 25 February 2010

Infotech is knowledge integration company renowned for its brilliantly built technology solutions. It has the heritage of leadership in business and technology development to deliver technology solutions of systems integration in financial, telecom and government sectors.

Our fundamental strengths, geographical reach and skill force help us to ensure the services and solutions we provide long-term customer value in the evolving, fast-moving digital networked economy.

InfoTech leverages its expertise in the capital and securities market to deliver value through continuous innovation and improved efficiency of financial markets. We use our financial understanding to create tangible value for customers in terms of strategy as well as implementation.

InfoTech Professional Services business unit offers high-quality advisory, consultancy, and system implementation services across the complete spectrum of MIS activities. It consists of an integrated set of services covering Professional Consultancy, e-Business Solutions, Systems Integration, Project Management, Strategic Outsourcing and Business Intelligence Services.

URL: infotechglobal.com.sg/

Inventys provides innovative and highly cost-effective solutions to achieve business user productivity and operational efficiency. Our product called Fusion uses a patented enterprise mashup technology to significantly improve enterprise user productivity and reduce operational costs, resulting in million dollar savings/earnings for our customers.

Fusion eliminates User Latency and improves software driven labor productivity. It has been deployed successfully in several domains such as customer contact centers, banks, telcos, logistics, and healthcare.

5

Media Release 25 February 2010

Our value proposition lies in our ability to quickly enable application workflows and information integration among legacy applications with zero code changes to these applications.

Inventys solutions are delivered through Inventys consultants and a growing number of system integrators and solution partners.

URL: www.inventys.com

NComputing, Inc. is the fastest growing desktop virtualization company in the world with millions of users in 140 countries. The company's award-winning, patented technology lowers desktop computing costs, improves manageability, and reduces both energy consumption and e-waste. It is the perfect solution for leveraging the power and potential of PCs and cloud computing.

NComputing's breakthrough desktop virtualization technology is available in three product families: the NComputing X-series, the L- series and the latest U-Series. All product lines enable standard PCs and servers to share their resources for no-compromise computing at unprecedented low prices.

The X-series supports up to eleven simultaneous users on a single shared PC via a PCI card and the L-series connects to the shared computer via standard Ethernet networks. Up to 30 users can connect to a standard PC or server and up to 200 users can connect to a mid- range server. The revolutionary new U-series are the simplest of all to connect, because they just snap into standard USB ports. There are no network switches to buy and no PCI cards to install. USB does have a distance limitation, but for small installations the NComputing U-series offers high-def multimedia at rock-bottom prices. For more information, visit www.ncomputing.com.

URL: www.ncomputing.com

6

Media Release 25 February 2010

1-Net Singapore is a leading infocomm technology solutions provider that offers integrated solutions and expertise under one roof to meet the challenges of the fast changing business environment in this e- age.

As one of the pioneers of broadband development in Singapore, 1-Net currently manages telco-class carrier-neutral Internet Data Centres, along with providing domestic and international connectivity, managed services and media delivery services. Offering superior stability, sustainability and security through its services and with an excellent operational track record, 1-Net is among very few local providers that bring a comprehensive range of integrated services to its customers as a one-stop-shop.

1-Net is a wholly owned subsidiary of MediaCorp Pte Ltd, Singapore's leading media company, with a complete range of platforms spanning television, radio, newspapers, magazines, movies and digital media.

For more information, please visit www.1-net.com.sg URL: www.1-net.com.sg

7

Media Release 25 February 2010

Trusted Hub is formed in the year 2001 to provide document processing that conforms to legal standards such that data and images produced can be recognized as electronic originals and with equal legal weight-age as compared with paper transaction.

Today, Trusted Hub has grown rapidly into one of the leaders in providing Business Process as a Shared Service (BPaaSS) in Asia. Our shareholders include Temasek Holdings, NCS and Singapore Technologies Electronics Limited.

Trusted Hub technologies and services are based on stringent legal and control frameworks to ensure that the electronic data created and stored with us is trustworthy. We have been EA certified and reviewed since 2001.

Trusted Hub operates one of the largest BPaaSS Hub in Asia. Singapore is the Centre of Excellence for our R&D and the birthplace of many of our innovative and leading BPaaSS services and also powerful processing tools & framework.

URL: www.trustedhub.com

8

Media Release 25 February 2010

Note to Editor Please use ‘IE Singapore’ or ‘IE’ if an acronym for ‘International Enterprise Singapore’ is required. In addition, unless otherwise stated, the use of statistics cited in our media releases, website or Statlink, should be attributed to IE Singapore.

Ms Denise NAH Manager Corporate Communications Group International Enterprise Singapore DID : + 65 6433 4738 Mobile : + 65 9476 9971 Fax : + 65 6337 8136 Email : [email protected]

About International Enterprise Singapore

International Enterprise (IE) Singapore is an agency under the Ministry of Trade and Industry spearheading the development of Singapore’s external economic wing.

Our mission is to promote the overseas growth of Singapore-based enterprises and international trade. With a global network in over 30 locations and our “3C” framework of assistance – Connections, Competency, Capital, we offer services to help enterprises export, develop business capabilities, find overseas partners and enter new markets. At the same time, we work to position Singapore as a base for foreign businesses to expand into the region in partnership with Singapore-based companies.

Please visit www.iesingapore.com for more information.

9