Agile Financial Technologies launches EMEA operations in UAE.

MIDDLE EAST, 21 October 2008: Agile Financial Technologies (Agile FT),
set up by seasoned financial management software professionals, has
launched its operations from its offices in the Business Central Towers
at Dubai Internet City to handle its EMEA business. Agile FT is in the
process of setting up a back office services set up in SAIF Zone and
its associated Business Process Outsourcing (BPO) company in Dubai
Outsource Zone. The company’s portfolio of products and services are a
result of mergers and acquisition of leading software technology
companies that offered products and solutions including BPO and
Knowledge Process Outsourcing (KPO) for the banking, financial services
and insurance (BFSI) sector.

"We are uniquely structured to offer a blend of software applications
and services as one integrated offering," said Kalpesh Desai, CEO for
Agile Financial Technologies. "The UAE is a great hub, logistically and
in terms of economic fundamentals, to enable us manage our immediate
markets that include emerging countries in Europe, Central Asia, Middle
East & Africa. Over the next quarter, we plan to finalise 37
channel partnerships in strategic markets that we have researched and
desire to have a presence in."

Agile Financial Technologies’ unique capability ensures that it not
only offer the application software that runs the core businesses of
Asset (investment) Management, Insurance (Non-life, Life and Takaful)
and Finance companies; but also has the capability to outsource the
back-office accounting and analytical processes, transaction
processing, reconciliation and infrastructure. Says Desai, "We have
experienced the influx of Software As A Service (SaaS), as a successful
delivery model, over the past 5 years in the enterprise space. We
believe financial institutions in the current economic context will be
the demand for a delivery model that will require application software
vendors servicing the space to offer Everything As A Service, and we at
Agile FT are well poised to meet that expectation".

Considering the recent events in the banking and financial services
sector, Agile FT has launched iDEAL Liquidity Management that is
targeted towards banks, finance or lending houses, asset management
firms, real estate companies or large corporates who leverage long term
borrowings like Sukooks, debt instruments and convertibles to fund
their businesses. The application provides for a holistic view of an
institution’s liquidity position by enabling the management of short
and long term borrowings (debt instruments, Sukooks, other liabilities)
leveraged against assets and cash flows. The application also has an
optional analytical engine that provides for ALM (Asset-Liability
Management), that can pull in data from 3rd party applications or
Agile’s own iDEAL Fund Management solution that manages the asset side
of the institution’s business.

Agile FT has also launched AGILIS Insurance Management, which services
the core business of Life, Non-Life and Takaful companies. Agilis is
web-based, can be deployed over multiple jurisdictions and time zones
and covers underwriting, claims, re-insurance, back office accounting
and investment management. Agilis’ First Degree allows insurance
companies to extend their services online to their clients, agents and
brokers using the web as a medium.

Agile FT’s software applications are used extensively by leading financial institutions in India, ME & South East Asia.

About Agile Financial Technologies

Agile FT was formed by the coming together of seasoned industry
professionals who envisioned the creation of an unparalleled enterprise
that would be an agile technology partner to leading players in the
BFSI (Banking, Financial Services or Insurance) sector. This resulted
in the amalgamation of strategic technology companies in the space of
software solutions, technology services, Business Process Outsourcing
and Knowledge Process Outsourcing.

For more information about the company and its products, visit www.agile-ft.com

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