At ACE we believe that change is constant. Our business and technolo-gies are continually evolving to keep up with the demands of a challenging yet exciting global marketplace. Every day we empower ourselves to meet these challenges we face to ensure that our custo-mers needs are served. In this way we will remain a world leader in AI (Artificial Intelligence) based financial software solu-tions. We believe in empowerment and the freedom to act on behalf of our customers.

August 22, 2005

ACE Update
Sibos 2005 Edition


Welcome to the Sibos Edition of ACE Update,
a special briefing on our Sibos 2005 agenda part of
our regular updates of developments at ACE.

This year's Sibos comes earlier than usual, being held in Copenhagen between Monday 5th September to Friday 9th September. It has been a hectic summer here at ACE, rolling out major implementations, preparing for Sibos, obtaining new SWIFT certifications and putting the finishing touches to a range of new products (see below).

Our Products Overview CDs have been updated and include all our new brochures, White Papers Case Studies etc. in electronic format. Do take a few minutes to visit our stand and ask for your copy or send us an email requesting your copy.

As you know Sibos events tend to be busy times for all of us so please feel free to book a time to see us. Please contact Elaine Austin at ACE eaustin@acesw.com to request an appointment at time suitable to you.

ACE to launch Pelican™ for TARGET2

ACE will unveil its state-of-the-art PELICAN™ System for TARGET2 at Sibos 2005.

ACE's PELICAN™ suite is a pan European payments, liquidity and cash management system. It supports full connectivity to TARGET2, EBA, STEP2, Correspondent Banking, domestic clearing and ACH networks requirements.

Key functionalities include:

  • Pan European Payments & Liquidity Management System

  • Full support for Multi-Currency Correspondent Banking

  • Complete access to all TARGET2 SSP and EBA services

  • Multi-Bank Functionality

  • Support for Direct & Indirect Participants

  • Also available as an adapter for PM (Payments Module) & ICM(Information & Control Module) for TARGET2

Benefits include:

  • Reduced costs and overheads by using SWIFTNet’s Single Window secure infrastructure

  • Integrated payments, liquidity, collections and cash management · Seamlessly integrates with your back-office, cash management, payments & ERP applications

  • Efficient and secure transactions using your existing SWIFT messaging infrastructure

ACE unveils a new Corporate STP solution

We are also pleased to announce our new Corporate STP module which we will be demonstrating at Sibos 2005.

ACE Corporate Solutions with SWIFT network connectivity enables corporates to have a single window access to all their banks and achieve End-to-End straight through processing in the Financial Supply Chain, improve Cash Management, optimize their commercial payments and collections processes and obtain real time balance and liquidity information from various bank accounts.

This solution will be beneficial to Corporates who would like to achieve efficiencies in payments messaging, and connect to all their commercial banks and their services via a single SWIFT window. It consolidates and reduces transaction costs by using SWIFT standards based banking services fully automating their financial supply chain and integrating with the physical supply chain. It can also be applied to manage cash and liquidity in real-time.

ACE Corporate STP solution is also ideal for Banks who would like to offer corporates and other customers various products and solutions using MA-CUGs (Member Administered Closed User Groups) including cash management, real time balances and transactions, financial supply chain information, and commercial payments and collections.

It intergrates with the financial and physical supply chains through RosettaNet, TWIST (Treasury Workstation Integration Standards Team ) and SWIFT standards.

ACE launches an advanced IBAN/STP+ Solution

Our latest STP Toolkit module enables financial institutions to capture, recognise, process and validate IBANs. The module complies with the requirements of STP+ by:

  1. Specifying the beneficiary Account Number in a valid IBAN Format;
  2. By identifying the Beneficiary’s Bank/Branch with a Valid BIC code.

What are the benefits?

  • Complete STP+ solution for Eurozone, including EBA, STEP2, Correspondent Banks, TARGET2 etc.

  • Powerful IBAN extraction capabilities, using the most up-to-date reference data; · Rule-driven repair capabilities, allowing for bank specific STP guidelines

  • Complete, up-to-date financial reference data available to any application;

  • Coverage of all IBAN countries in a straightforward way

  • Additional analysis, repair and transformation modules available

The IBAN solution ensures that financial organizations successfully comply with the most stringent STP guidelines.

If you need more information, please contact us or visit our website: http://www.acesw.com

ACE to launch PELICAN™ for Cash Reporting

ACE will launch PELICAN™ – Cash Reporting module is a SWIFTNet ready Real Time Nostro Account Information Solution that can be used both by a Service Provider and a Service User. It provides account and transaction information and query facilities to help institutions manage their payments in real time, using a single window interface to SWIFT. The PELICAN™ system supports real-time reconciliation and liquidity management. Used for both domestic and cross-border transactions, it allows the exchange of real-time information over various market infrastructures (CLS, TARGET2, etc), for Nostro account servicing institutions, and also for corporates. The Cash Reporting module can be integrated with other PELICAN™ modules like payment generation, exception processing, liquidity management and various back-office and clearing system connections to obtain a complete solution for your real-time payments, liquidity and cash management needs.

This year, in addition to SWIFTReady Gold accreditation for "Intelligent Message Enhancer", "Financial EAI" and SWIFTAlliance Access Plug-in label, ACE solutions have received two new SWIFTNet Ready accreditations, SWIFTNet Ready 2005 for Nostro Account Information - Provider and Nostro Account Information - User.

This recognition is a testament to ACE's commitment to offer state-of-the-art business solutions to the SWIFT community

Exciting new developments at ACE

ACE has further extended its AML product line AML Toolkit. Visitors to ACE's stand will be able to view the latest demonstration of our AML Toolkit product which covers Compliance Message Filtering, KYCB (Know Your Customers Business), Comprehensive Reporting and Fraud Detection modules - now with extensive analysis capabilities.

Other solutions that ACE will be presenting include:

  • AML Guard for comprehensive customer profiling

  • OFAC Guard for global deployment (also available as a web service)

  • Billing and Reconciliation solution for correspondent banking

  • Analysis and Reporting to mitigate against operational and credit risk

  • Intelligent web based message entry and repair

  • Fax Toolkit - solution which converts faxes into SWIFT or other structured messages for Payments/Securities.

  • A number of SWIFT Alliance enabled products

As Sibos events tend to be busy times for all of us you may wish to book a time to see us. Please reply to this email giving us your preferred time and date and we will confirm your appointment by return e-mail at the earliest.

Please contact ACE using the following information to set up a confirmed appointment:

Elaine Austin
53 St. George's Road,
Wimbledon London
SW19 4EA U.K.
Tel: +44 (0)208 947 7200
Fax: +44 (0)208 947 2694
Email: eaustin@acesw.com

Where to find ACE at SIBOS 2005

The ACE stand will be situated in Zone A number A020. It is conveniently located opposite the My SIBOS area in Zone A and very close to the coffee serving area.

For full details, please visit our website www.acesw.com or click here: Booth Location Info...

About ACE

ACE Software Solutions is a specialist provider of artificial intelligence-based solutions for several premier Financial Institutions in Europe, N. America and Asia. ACE has a range of sophisticated products for enterprise-wide Cash and Liquidity Management, Straight Through Processing (STP), Enterprise Application Integration (EAI), Anti-money Laundering (AML) and Fax Automation. ACE has many of the household names of Financial Services industry as its customers.

Sincerely,

ACE Marketing Team
ACE Software Solutions Ltd.
53 St. George's Road,
Wimbledon
London SW19 4EA U.K.
Tel: +44 (0)208 947 7200
Fax: +44 (0)208 947 2694
Mobile: +44 (0)7785 227996
Email: marketing@acesw.com
Web: http://www.acesw.com

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