Business Services Industry

Open Solutions Inc.'s Banking Software to Modernize Asia Commercial Bank

Business Wire, August 2, 1999

HO CHI MINH CITY, Vietnam--(BUSINESS WIRE)--Aug. 2, 1999--

Vietnam's Premier Bank to Update Operations for Next Millennium

Unisys Corporation and Vietnam's Asia Commercial Bank (ACB) signed an information technology contract to implement Open Solutions Inc.(R)'s (OSI) flagship software suite, The Complete Banking Solution(R) (TCBS), an advanced software system to modernize ACB's retail banking system.

ACB will be able to focus on efficient customer service, provide a wider range of banking products and services, and better manage its portfolio of deposits, loans and risks.

Under an exclusive resale agreement with OSI, Unisys will provide the retail banking software, TCBS, which operates under Windows NT(R). Unisys is the system integrator and prime contractor, partnering with Thien Nam Corporation and other vendors such as OSI, Microsoft, Oracle(R). A Pacific Asian version of OSI's TCBS is in development for the banking requirements of Vietnam as well as the addition of major modules for Off-line, Statutory Reporting and incorporation of Vietnamese language requirements into the TCBS banking system.

Mr. Le Vu Ky, vice president of ACB, said, "The goal of the ACB project is to implement an integrated banking system called Unisys-TCBS-ACB, based on an open architecture with flexibility, scalability and Y2K compliance. The system provides ACB with online real-time processing through the wide area network from head office to the branches with high security and reliability. The system sets the foundation for ACB to support new products and services to better serve the customers."

"Through our Unisys partnership, OSI can provide banking solutions that will take ACB into the next millennium, " said Mike Nicastro, vice president of OSI. "This alliance with Unisys allows OSI to offer one of Vietnam's premier banks a state-of-the-art banking solution, providing them with an end-to-end client/server solution that is designed to be flexible, reduce costs, retain customers and generate revenue through superior banking service."

With eight consultants on-site, finalization of the analysis phase ends August 1, 1999.

About OSI

Founded in 1992 by experts in data modeling, software development and design, OSI offers The Complete Banking Solution (TCBS), a Windows(NT)(R) -based retail banking system embracing client-server technology along with an Oracle(R) Relational Database Management System. TCBS supports a bank's entire core processing requirements: deposit and loan account processing, customer information, reporting, back office and federal regulatory compliance requirements. OSI also offers a version of their product for the credit union industry called The Complete Credit Union Solution(R) (TCCUS).

For more information on OSI, The Complete Banking Solution, contact Michael Nicastro at (860) 652-3158, via fax at (860) 652-3156, or email mnicastro@opensolutions.com. Visit OSI's Internet site at www.opensolutions.com.

About ACB

ACB has grown progressively since it was established in 1993. Its working capital is currently at 2,516 billion VND. ACB has nine branches, five transaction centers and is adding new branches annually. In 1997 Euromoney selected ACB as the Best Bank in Vietnam. In 1998 ACB was ranked by Global Finance as one of the top nine banks in nine Asian countries.

About Unisys

Headquartered in Blue Bell, Pennsylvania, Unisys has more than 33,000 employees helping customers in 100 countries apply information technology to solve their business problems. Unisys solutions are based on a broad portfolio of global information services including electronic business, systems integration including custom and "repeatable" application solutions, outsourcing, Microsoft Windows NT services, network services, and multi-vendor maintenance and support, coupled with enterprise-class servers and associated middleware, software and storage. Repeatable solutions are focused on key vertical markets including financial services, transportation, telecommunications, government, publishing, and other commercial markets.

For more information on the company, access the Unisys home page on the World Wide Web at www.unisys.com. Investor information can be found at www.unisys.com/investor.> NOTE TO EDITORS: Unisys is a registered trademark of Unisys Corporation. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.