THE HAGUE, The Netherlands, March 15 /PRNewswire/ --

- New Customers and Corporate Growth Set the Stage for Continued Momentum in 2006

NetEconomy, the leading provider of real-time enterprise risk monitoring solutions for the finance industry, today announced that 12 new customers have selected its ERASE Financial Crime Suite solution to detect and deter fraud, market abuse, money laundering and terrorist financing schemes.

Among the new customers are Bank of the Philippine Islands (BPI), Close Private Bank, Bank Muscat, Bank of Baroda, Royal Bank of Canada (RBC) Dexia Investor Services, and AXA Banque France. These new wins, coupled by substantial repeat business from existing customers, is generating significant momentum and driving expansion in both the United States and Europe.

"These recent wins further validate our leadership in the Financial Crime Solutions marketplace," said Henry Barenholz, Vice President of Sales and Marketing at NetEconomy. "Our growing roster of global customers recognize the need for a flexible, cost-effective and highly effective financial crime solution that delivers measurable business benefits."

"Enhancing compliance effectiveness is a key initiative for our organization in 2006," stated Jason Monaghan from Close Private Bank. "Realizing the inherent benefits of aligning our compliance practices with risk management, we needed a partner who could support our vision with the right technology. NetEconomy's financial crime suite arms us to effectively detect and prevent an array of financial crime activity without the cost and resource burden of implementing and managing disparate tools for individual crime areas."

Office Expansion

To support growing customer adoption of its solutions, NetEconomy extended its global footprint with the opening of new offices in Paris and New York City. These new regional offices house expert enterprise risk management sales and support staff whose mission is to help customers align their compliance and financial crime fighting initiatives to streamline operations and increase transparency to meet growing regulatory, government and industry mandates.

About NetEconomy

NetEconomy, founded in 1993, is the leading provider of real-time enterprise software solutions to financial institutions for monitoring transactions to prevent, detect and manage financial crime, including money laundering, employee fraud, external fraud and market abuse. NetEconomy brings business value to its global customer base by minimizing business and regulatory risk, increasing profitability, and protecting corporate brand/reputation. For more information visit www.neteconomy.com.

CONTACT: John Carter, FitzGerald Communications, Jcarter@fitzgerald.com, +1-6175852218, Alison Holland, CAMS, NetEconomy, aholland@neteconomy.com, +1-5088936066

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