Shinsei Bank and KAL Redefine Japanese ATM Banking Experience

January 2006

Tokyo, Japan - KAL has announced a series of major Automated Teller Machine (ATM) innovations that are now deployed to the Shinsei Bank ATM network in Japan. These innovations provide value-added financial services to the bank's customers and expand its customer-focused business model.

The Kalignite ATM Solution provides multi-screen ATMs with full cash-recycling, advertising, software distribution, and remote ATM monitoring.

The Kalignite ATM application at Shinsei is Japan's first ever ATM application with support for the international XFS standard. KAL implemented version 3 of the XFS standard which enables a single ATM application to operate on ATMs manufactured by OKI, Fujitsu and Hitachi.Shinsei Bank's ATM network is the world's first "multi-vendor" ATM application with cash recycling capability - this Application has been running live since June 2004.

Shinsei Bank also became the first Japanese domestic bank to accept non-Japanese ATM cards at its machines.

Aravinda Korala, CEO of KAL, said "It is fantastic to work with such an innovative bank to create an ATM solution that includes so many advanced features. It gives KAL an opportunity to work with a highly creative and customer-focused Bank in the very competitive Japanese market. This achievement is made even more significant by the fact that Shinsei Bank chose to use a non-Japanese company to supply them with very critical technology."