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Media Release Singapore Companies Showcase Latest MEDIA RELEASE SINGAPORE COMPANIES SHOWCASE LATEST SOLUTIONS FOR THE REGIONAL FINANCIAL SERVICES SECTOR AT THE ASIAN FINANCIAL SERVICES CONGRESS MR No.: 011/10 Singapore, 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 India. 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, Thailand, Indonesia 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.
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