Dexia Private Bank Switzerland Selects NetEconomy's ERASE Software to Combat Money Laundering; ERASE Six-Week Implementation, Deployment June 1.

Business Editors/High-Tech Writers

ZURICH, Switzerland & THE HAGUE, Netherlands--(BUSINESS WIRE)--June 18, 2003--NetEconomy, the leader in real-time enterprise risk monitoring solutions for the finance industry, today announced that Dexia Private Bank Switzerland (DPBS), a subsidiary of Dexia Banque Internationale a Luxembourg (Dexia BIL), has selected NetEconomy's ERASE software to detect suspicious transactions and deter money laundering activity. DPBS is part of a roll-out across Europe, with an initial implementation, operational since December 2002, at Dexia BIL based in Luxembourg.

"We chose NetEconomy's ERASE because it most closely matched our Know Your Customer (KYC) and internal anti-money laundering (AML) requirements," said Alfons Widmer, Vice Chairman of the Executive Board at Dexia Private Bank Switzerland. "ERASE offers a comprehensive approach to AML, in comparison to other vendors we evaluated. ERASE's advanced technology combined with an intuitive user-friendly environment, allows us to effectively manage risk, and ensure compliance," Alfons Widmer added.

"Our accelerated implementation schedule, deploying ERASE in six-weeks time, allows Dexia to benefit from results faster, while significantly reducing total cost of ownership," said NetEconomy Sales Manager for Benelux and France, Duco de Lange. "We are proud to add DPBS as part of Dexia's roll-out to our growing list of customers. In the near future we will also cover the Dexia BIL branches and subsidiaries in London, Singapore, Monaco and Paris."

ERASE uses advanced statistical analysis and sophisticated database technology to continuously profile all aspects of an electronic business. It goes beyond traditional systems by building "electronic fingerprints" based upon all transaction streams and other critical customer data that other risk management systems ignore. This integrated approach provides a comprehensive, accurate view of a financial institution's electronic business. Because unusual or suspicious activity is detected immediately, risk management personnel can focus on truly high-risk behavior that indicates money laundering or fraud.

About Dexia Private Bank Switzerland

DPBS is a financial services company with 170 employees and over 70 years experience in Switzerland. She is present in all the important centers in Switzerland, such as Basle, Geneva, Lugano, and Zurich. As an international bank, DPBS offers private clients in Switzerland as well as in other countries extensive individual and financial services. DPBS focuses on private banking and services in fund management. As a subsidiary of Dexia BIL, DPBS belongs to the well known European banking group of Dexia. The Dexia group is one of the fifteen largest financial institutions listed on the stock market in the euro zone and one of the most highly rated financial institutions in the world. The Group's main entities are rated AA or AAA.

About NetEconomy

NetEconomy is the leader in real-time enterprise risk monitoring solutions for financial services. With large international banks worldwide as customers, NetEconomy has a proven track record of translating real-world problems into practical software solutions. Learn more at www.neteconomy.com.