OpenLink

Regions Bank Goes Live with OpenLink's Findur™

MITCHEL FIELD, NY, November 25, 2002 /PRNewswire/ — OpenLink, an industry leader in financial trading and risk management software solutions, today announced that Regions Bank has completed its implementation of Findur™ as its interest rate derivative products platform at the bank's trading centers in Birmingham, AL; Atlanta, GA; and Memphis, TN.

"We selected Findur as our commercial trading and risk management system after a comprehensive review process," said Dan Meade, senior vice president of Capital Markets Trading at Regions Bank. "We were seeking a front-to-back office system that complements Regions' conservative approach to risk management."

"Findur provides us with advanced interest rate derivative product functionality and an ability to support our expansion into other areas of capital markets," Meade added. "We were also impressed with OpenLink's relationship-oriented service record with existing clients."

Regions' three-and-a-half-month installation success was a direct result of OpenLink's rigorous implementation management methodology. Working closely with the bank's internal team, Findur product consultants utilized a combination of both standard and custom market convention models and reports to decrease the project's length.

"The addition of Regions Bank to our Findur client base is very exciting, as it gives OpenLink an excellent entry into the competitive regional bank market," said Coleman Fung, OpenLink founder and CEO. "An efficient, seamless front-through-back-office environment is paramount for Regions and other regional banking institutions. Built upon our Adaptive, Dynamic, and Integration-enabling (ADI) Framework, Findur is the best-fit integrated solution. Regions Bank will greatly benefit from the breadth and depth of market and product coverage that currently exist within Findur, while gaining a future-proof solution."

About Regions Bank

Regions Bank is a subsidiary of Regions Financial Corp. With $47.4 billion in assets, Regions ranks among the 25 largest financial services companies in the nation. Serving customers throughout the South, it provides traditional, commercial, and retail banking services and other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance, leasing and mortgage banking. Regions Bank offers banking services online from its Web site at www.regions.com and from more than 680 offices in Alabama, Arkansas, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas. Regions provides investment and brokerage services from more than 140 offices of Morgan Keegan & Co. Inc., one of the South's largest investment firms. Regions ranks on both the Forbes 500 and Fortune 500 listings of America's largest companies; its common stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol RF.

About OpenLink

OpenLink is a leading provider of financial trading and risk management software solutions. The company's Adaptive, Dynamic, and Integration-enabling (ADI) Framework-based solutions support the most rigorous risk management requirements of firms trading in interest rate derivatives, fixed income securities, foreign exchange, money markets, energy, metals and soft commodities. OpenLink's global client base includes Bank for International Settlements, Bank of Canada, Deutsche Bank, Duke, EnCana, Equiva Services LLC, Mobil UK, Mirant, Nexen, Shell Trading, Vattenfall Europe Trading GmbH, Westdeutsche Landesbank (West LB) and Zurich Capital Markets. Headquartered on Long Island, NY, OpenLink employs more than 280 professionals worldwide at offices in London, Houston, New York City, and Berlin.

Editorial Contact:

e-mail: Dorianne Landolphi
OpenLink
Marketing Communications Manager
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197