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Trade Finance Platform Recognised for Innovation in IT Outsourcing

American Management Systems (AMS), a global business and IT consulting firm, has won the IT Outsourcing category of The Banker Technology Awards 2003, with its integrated trade finance platform, ProponixSM.

The Banker Technology Awards recognise best of breed, innovation and success in financial technology. Proponix delivers trade services technology to banks as a service, allowing banks to pay ‘per transaction’ for trade processing. The judges were impressed by the ability of Proponix to cater to small volume players, due to its per transaction basis, and also praised the attributes and rich functionality of the service. Proponix is web-based and provides 24x7 access to a trade processing system, workflow and imaging solutions, an online reporting system and a corporate trade portal.

The Proponix service enables banks of all sizes to drive down costs while increasing transaction processing throughput and enhancing customer service. Infrastructure and development costs are shared among all banks using the Proponix platform. Proponix gives banks the flexibility to handle technology processing according to their changing needs, providing the platform over which banks can also outsource their operations processing, or insource processing for other banks.

George Zafirakis, AMS vice president and head of sales for Proponix, said: “We are delighted that Proponix has been recognised by The Banker. The market is ready for a hosted technology processing service, providing real flexibility at a time of great change in the trade finance industry. The Proponix service is already in production at ANZ Bank and Bank of Montreal and we are now seeing strong interest from other leading trade banks around the world.”

About The Banker Technology Awards 2003

The Banker is a highly respected finance industry title, published by Financial Times Business. The magazine was established in 1926 and is published monthly, with a global circulation of over 20,000 and an estimated readership of almost 100,000.

This is the first year of The Banker Technology Awards and nearly 1,000 entries were received, for 41 categories. The objective of the Awards is to highlight vendors, large and small, who have made a real contribution to advancing shareholder value and customer service within financial institutions over the past 12 months. The Awards recognise best of breed, innovation and success in financial technology.

Full details of award winners are available in the June issue of The Banker.


About AMS

AMS is a premier business and IT consulting firm to the government, financial services, and communications industries around the globe. AMS combines IT ingenuity and industry IQ to drive high-performance results. Known for its delivery and service excellence for more than 30 years, AMS specializes in enterprise resource planning, credit risk management, customer relationship management, and enterprise security. AMS applies both proprietary and partner technologies, and provides solutions through business consulting, systems integration, and outsourcing. Founded in 1970, AMS is headquartered in Fairfax, Virginia, USA and has offices worldwide. AMS European headquarters are in The Hague, The Netherlands, with staff and offices in 11 European countries. The company is traded on the Nasdaq National Market under the symbol AMSY. For detailed information about AMS, visit www.ams.com.

Proponix is a service mark of American Management Systems, Incorporated


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This release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. All statements contained in this release that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “intends” and similar expressions are generally intended to identify forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: risks in project delivery and staffing, risk of revenues not being realized when expected, risk of increased competition in the markets, and the effects of economic uncertainty on client expenditures as well as other factors described in AMS’s Annual Report on Form 10-K for the year ended 2002. The Company specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the Company’s (estimates or) views as of any subsequent date.

Contact:
Giles Peddy/Ian Mackie
Golin/Harris Weber for AMS
+44 (0) 20 7067 0600
gpeddy/imackie@golinharrisweber.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Golin in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.