London/New York, 26th July 2004 - Misys Wholesale Banking Systems (Misys) today announced that First Hawaiian Bank, the oldest financial institution in Hawaii, have selected Misys’ Trade Innovation solution to provide comprehensive operational and workflow management for its trade finance operations in Honolulu.

With the supplier of their previous trade finance system no longer in business, the inherent customer service and operational risk that this presented prompted First Hawaiian Bank to source an alternative solution. The bank commenced their systems evaluation in 2003, and after an extensive review of applicable systems chose Trade Innovation, which was already being used by the bank’s sister company Bank of the West.

Richard Chun-Hoon, Vice President and Manager, and responsible for trade finance services at the bank, comments: “Our selection of Trade Innovation was the result of a thorough investigation and comparison of trade finance solutions available on the market. The conclusion was that Trade Innovation and Misys represented the optimal solution for First Hawaiian Bank.”

He continues: “Both Trade Innovation and Misys were known quantities in the bank due to their existing relationship with Bank of the West.  We felt it would be valuable for First Hawaiian Bank to leverage the experience already gained through this relationship.  The product’s comprehensive functionality will allow us to fulfill our main objectives of managing our risk, streamlining processes and offering improved levels of service to our customers.”

Steve Anderson, Business Development Manager for Trade Innovation in the Americas at Misys, comments “The sale marks the end of another successful year for Trade Innovation, in which the solution has seen 24 new customers signed. We are delighted to be working with First Hawaiian Bank to manage their trade finance operations, and look forward to a successful roll-out of the solution towards the year-end.”

For more information, please contact:

Shamira Alidina / Adelaide Harrison
Write Image
+44 (0)20 7959 5400
shamira@write-image.co.uk / adelaide.harrison@write-image.co.uk

Andy Coulter
Head of Marketing & Business Planning
Misys Wholesale Banking Systems
+44 208 897 1188
andy.coulter@misys.com

First Hawaiian Bank is a subsidiary of BancWest Corporation, a regional financial services company with total assets of $38.4 billion as of December 31, 2003. BancWest is a subsidiary of BNP Paribas, France's largest publicly traded bank. For additional information visit: www.fhb.com.

About Misys Wholesale Banking SystemsMisys Wholesale Banking Systems is a trusted provider of innovative technology solutions: over 1,000 employees in 30 offices around the world have built up the domain expertise to deliver world-class solutions with an understanding of local requirements. Misys Wholesale Banking Systems' staff are committed to developing and supporting a product family that embraces trade services, international banking, treasury & capital markets, confirmation matching, continuous linked settlement (CLS), eBanking, middleware and financial messaging.

Misys Wholesale Banking Systems is part of Misys plc’s Banking & Securities Division, which serves over 1,200 customers across more than 120 countries, including 92% of the world's top 50 banks and 56% of the top 250. (Source: The Banker, July 2003).

Misys plc, the global software products and solutions company, serves customers in the international banking and securities, international healthcare, and UK general insurance industries.  Through a wholly owned subsidiary, Sesame, it also provides business process outsourcing services to independent financial advisors (IFAs) in the UK.  Misys partners with its customers to deliver outstanding IT solutions to essential industries, and employs over 6,000 people internationally.