Financial Insights Expands Research Offerings and Personnel; Company Brings on Seasoned Industry Experts in Multiple Regions and Segment Areas

FRAMINGHAM, MA – NOVEMBER 14, 2005 – Global independent research and advisory firm Financial Insights, an IDC company, today announced the appointment of several new senior executives and expanded research and consulting coverage areas.

Peter Farley, Managing Director, EMEA Operations, based in London

Peter Farley is a veteran of the financial services industry. He has spent more than 25 years in the investment management industry, managing specialized financial information and data products at Thomson Financial, Reuters, and Standard & Poors. He has an extensive background as both a financial journalist and analyst and has developed a deep working knowledge of all aspects of the financial markets. Farley will oversee the four European research services, including two new services recently launched: European Risk Management and European Insurance. In addition, Farley will be responsible for all operational aspects of Financial Insights EMEA, including research, consulting, conferences, and sales.

Christine Pratt, Research Director, Consumer Banking & Credit, based in Framingham

Christine Pratt is both an experienced industry executive and a well known and respected research director. She has authored more than 40 research papers on the strategic use of IT in financial services. She is a recognized authority on Privacy and Identity Theft issues. Drawing on her industry-specific expertise that includes COO duties for both the consumer lending and mortgage subsidiaries of BayBanks, Shawmut, and Citizens (large regional lenders) and CAO duties for two investment advisory firms, Ms. Pratt will head up Financial Insights' global Consumer Banking & Credit practice.

Barry Rabkin, Research Manager, Insurance, based in Framingham

Barry Rabkin has spent the last three decades working with and for insurance industry giants such as Aetna Life & Casualty, The Hartford, John Hancock, and the Phoenix Companies. Rabkin is also a veteran of the research space having launched the Meta Group's Insurance practice, as well as working for Advisen Ltd., Arthur D. Little, IBM Global Services, and BearingPoint. He will be responsible for the North American Insurance service recently launched by the company. Rabkin's research coverage areas will include the individual life and annuity market, and the personal lines of the property/casualty market.

Andrew Liegel, Senior Research Analyst, Risk Management, based in Framingham

Andrew Liegel has also joined the company as a Senior Research Analyst for Risk Management. Financial Insights has the only dedicated Risk Management practice in the industry. The company recently expanded its Risk offering with both a European and an Asia Pacific Risk service. Liegel has held successive risk positions with Scudder Stevens & Clark and State Street Bank Global Markets.

Financial Insights Asia Pacific grew substantially in the last year and has recently augmented both its research and sales team. The region recently launched two additional services: Asia Pacific Risk Management and Asia Pacific Insurance, which brings to five the total number of services offered in the region. Abhishek Kumar, Research Analyst, Asia Pacific Banking & Benchmark, based in Singapore, joined the firm and will provide additional research support to Michael Araneta for the ground breaking Asia IT Benchmarking service launched last year. Aida Handjaja, Sales Director, also based in Singapore, will support the increasing sales need in the region. In addition, Annie Wong, Conference Director, joins the team full-time from Kuala Lumpur. Annie will manage the ongoing Asia Pacific conference business in addition to launching the annual FinTech Congress being held this year in Bangkok, Thailand, March 23 & 24, 2006.

"We are delighted to have so many seasoned and respected individuals in our industry join our team at Financial Insights," said Michon Schenck, Chief Operating Officer for the company. "These individuals represent more than 100 years of collective industry experience, which brings our company total to more than 650 years of industry experience. It is vital that we maintain our high standards in hiring so that we can support the increasingly complex needs of our client base in both the financial institutions as well as the vendor community."

Financial Insights will be exhibiting at the annual BAI Retail Delivery conference in Orlando Florida on November 15-17, booth #514. For more information or to arrange an analyst briefing contact Deborah Stark, 508-935-4318, dstark@financial-insights.com.

About Financial Insights, an IDC Company

Financial Insights provides independent research, custom consulting, and detailed multiclient studies on the technology issues and challenges facing the financial services industry. Our global research covers topics of strategic importance to corporate and retail banks, insurance carriers, asset management firms, securities and brokerage firms. Our local practices in Asia Pacific, Latin America and Europe, and Canada add an in-depth regional viewpoint. Financial Insights, an IDC company, is headquartered in Framingham, Massachusetts, USA. IDC is a subsidiary of IDG, the world's leading IT media, research, and exposition company.