[July 14, 2008]

FINANCIAL OBJECTS: EnBW Selects Financial Objects For Credit Risk Management; Financial Objects now counts top three German energy providers in its client portfolio

(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:14072008

London -- Financial Objects, an international supplier of software
solutions to the financial services sector, today announced that
Energie Baden-Wuerttemberg AG (EnBW) has selected energycredit as its
credit risk management platform for energy trading, to support the
company's business growth. The implementation of the Scoring module is
already underway and is due to go live by the end of the summer.

With some six million customers, EnBW is the third largest energy
supplier in Germany. The company has experienced significant growth
over the last few years and has seen the number of its energy trading
counterparties increase from 100 to 400, with increasing numbers in
Eastern Europe. At the same time, the credit risk department took on
the role of a central rating agency within EnBW to provide scoring and
credit assessments for all of the organisation's counterparties, not
just trading. It also has a mandate to provide credit ratings for the
customers of its grid operations.

"Given the increased scope of the credit risk department's functions,
we required a more advanced credit scoring system to automate and
streamline what was previously a manual credit scoring process," said
Ronny Bierhals, head of credit at EnBW. "In addition we wanted to
stress test our internal ratings models to understand the impact across
our portfolio of different weightings and scoring methodologies. This
was simply not possible in our existing manual system, energycredit
Scoring will enable us to achieve this, and represents the first step
towards the implementation of a complete credit risk management
platform."

energycredit Scoring is available as a module of Financial Objects'
award-winning web-based energycredit solution, which is already being
used successfully by StatoilHydro and RWE among others - all leading
tier one utilities in Europe. The solution comprises a counterparty
database for credit scoring and automates all related workflow and
reporting processes, such as the credit approval procedure.

Ian Sloggett, EMEA sales director at Financial Objects' Energy
division, commented: "We are delighted to be working with EnBW and to
further expand our market share in Germany and Europe as a whole.
Crucially energycredit will allow EnBW to scale its business without
extending its existing headcount."

Financial Objects was the winner of the Energy Risk 'Software House of
the Year' award 2008 for energycredit.

Financial Objects was voted the #1 credit risk management provider for
the third consecutive year in the Energy Risk Software Rankings 2008

About EnBW

Energie Baden-Wuerttemberg AG (EnBW) (EnBW) is a holding company
engaged in the energy sector, with subsidiaries operating throughout
Germany and in Central and Eastern Europe. The company's activities are
divided into three business areas: Electricity, Gas and Energy as well
as Environmental Services.

For more information on EnBW please visit
http://www.enbw.com/content/en/index.jsp

About Financial Objects plc

Financial Objects is an international supplier of software solutions to
the financial services sector. It delivers innovative technology
solutions for banking, wealth management and risk management. A
Microsoft Gold CertifiedPartner, Financial Objects aims for its
customers to benefit from new, comprehensive, integrated products and
services. It designs, develops and continually enhances its software
applications to meet both customer and regulatory requirements.

Founded in 1995, Financial Objects has more than 500 customers and is
listed on the Alternative Investment Market (AIM) of the London Stock
Exchange. It employs more than 300 people across the world with
headquarters in London, UK and a research and development centre in
Bangalore, India.

CONTACT: Nick Bird, Junior Account Executive, Team 660
Tel: +44 (0)20 3100 3738
e-mail: nick.bird@metia.com
WWW: http://www.metia.com
Financial Objects
WWW: http://www.finobj.com
WWW: http://www.finobj.com/energycredit

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