the different business areas of banking institutions and that information analyses was also processed separately, as a result of which the information was sometimes inconsistent and provided different versions of the truth. Thus, FINANWARE™ was thought up as a comprehensive solution combining the Data Warehouse architecture with a broad and specialized data model geared to the financial industry. This model is able to respond to hundreds of business queries channeled into wide-ranging approaches that address the following aspects: financial analysis and benchmarking; asset & liability management; Credit risks; financial profitability; analytical CRM (business analysis of customers) and money laundering prevention and control.

This is supplemented by information handling, analysis and management, as well as the possibility of building scorecards that display the information and allow early identification ofcritical situations. FINANWARE™ has a corporate data base model which consolidates all the institution's current and historical information as a single source for queries. This model incorporates international financial engineering methodologies in conformity with the Basel Committee recommendations and with the regulations of Latin American regulatory agencies.

Although, at first, the design of this complex structure seemed to be theoretical and difficult to achieve, the technical and industrial consultant team of GrupoCONTEXT that participated in the design met the challenge of grounding these concepts and finally achieving a product which is doing very well on the local and international market, with visible results in prestigious financial institutions which are using FINANWARE™ as their strategic tool.

In Ecuador the users are Banco de Guayaquil, Banco Bolivariano, Banco International, Banco del Estado and Banco Solidario to the extent that two major banking institutions, such as Banco del Caribe in Venezuela and Bancafé in Colombia, have decided to avail themselves of this Ecuadorian technology.

FINANWARE™ has international support through a distribution network that includes internationally recognized multinational enterprises such as the Unisys Corporation.

There is no doubt that GrupoCONTEXT with its FINANWARE™ product has been able to show, once again, that in this country we are able to create spearhead technology products that are welcomed on the international market. This is achieved through a forward-looking stance based on competitiveness and anticipating changes in the business environment, as stated by Ernesto Naranjo, president of GrupoCONTEXT.