HP TOGETHER WITH PARTNERS TO INTRODUCE NEXT GENERATION BANKING TO IMPROVE AUTOMATION AND ENHANCE CUSTOMER SERVIVE QUALITY

Hanoi, 19 April 2005 - HP Vietnam today officially holds the conference titled “Next Generation Banking Solution”, aiming at improving the automation for the banking – financial industries so that the customer service quality can be enhanced. With these new solutions, HP together with world-class partners will help develop the financial services industry, connect people and service with radical simplicity, and ensure true end-to-end manageability for enterprises in the banking, finance, securities and insurance companies. The conference may attract over 100 key participants.

The complete structure says that financial banking associations must build up their complete automation structure, including: Back – Office, handling the transactional load and collect data for analysis; Front – Office, using this data to generate more revenue; and to support the incremental business; and Mid – Office, the bridge to make sure that the whole operation is scalable, secure and that risk is managed.

“Banking plays a very important role in facilitating trading and manufacturing, by providing the source of leveraged operational capital and managing the commercial risk of growing enterprises. Thus, the productivity enhancement of banks means a development in the economy. Many banks have promoted and completed the first phase of automation and rather successfully. This is now the time to think about the mid-office and extrapolating to the front-office, when considering the next phase of automation and deployment to the provincial branches. Many banks have just finished their core banking automation. As a pioneer in open architectures, HP can help banks build their NGFO that will enable them to be more competitive and rapidly respond to meet the needs of their customers. This is also the HP’s Adaptive Enterprise vision that HP is promoting globally”, said Ms Tran Thi Minh Thuan, HP Vietnam Managing Director.

HP – The Complete Financial Solutions Leader

HP offers a powerful portfolio of Adaptive Enterprise products, applications and services that enable financial institutions to maintain growth as well as scale for the future. HP’s financial solutions are proven and trusted for their reliability, scalability and flexibility.

HP’s key financial solutions include:

Wholesale payments: NonStop payments; Wholesale Payments hub; SWIFTNet migration; Payments utility; Corporate cash management (B2B); Compliance Bank Secrecy Act (BSA) and PATRIOT Act; Anti-Money Laundering (AML); and Specially Designated Nationals (SDN)

Consumer payments: Card and mobile-based payment systems; Enhanced authorization services, fraud & security; Network switches

· Financial Markets solutions

Market infrastructure: exchange trading settlement and depository systems; Straight through processing (STP); email compliance; Data warehousing

Market Participants: Risk management; compliance; transaction mgmt & market data; Back-office; Straight through processing (STP)

Retail Banking: home banking, mobile banking

Wholesale Banking: back office systems; STP; Basel II

· Next Generation Insurance

Mobile application for life insurance agents

Claims processing; distribution; channel integration; data interchange

HP’s key financial services include:

· Enterprise integration, Web services, CRM, Portals, Mobile Infrastructure; Security

· Adaptive Enterprise Enablement

· Enterprise management/ Integrated Service Management (ITSM)

· IT Consolidation •DataCenter, Application, Networking, Server, File Print, Messaging; IT Governance, Processes, Organizational Structure; UDC; Storage; Grid Computing (HPTC)

· Managed Services, Outsourcing, Offshoring,

· Customer Support

· HP products and solutions are present in more than 100 of the world's largest stock and commodity exchanges, and play a part in two of every three credit card transactions worldwide, 95 percent of the world's securities transactions and 75 percent of the world's electronic funds transfers.

· HP benchmarked the world's fastest transaction processing for banking operations, 4X faster on the HP Superdome platform than the nearest competitor running the same software suite. (April 2003)

· HP supports 14 of the world’s largest stock exchanges, including the New York Stock Exchange.

· In Vietnam, our key customers include the Ministry of Finance, State Bank of Vietnam, VDC and other household like Vietnam Bank of Agriculture and Bao Viet Insurance.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. For the four fiscal quarters ended April 30, 2005, HP revenue totaled $81.3 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at www.hp.com.