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Press Release

BISYS® Selects Jacada to Enhance Banking Applications

More than 30,000 BISYS' client workstations to use applications front-ended by Jacada

Atlanta, June 17, 2003 – Jacada Ltd. (NASDAQ: JCDA) announced today that BISYS (NYSE: BSG) has selected Jacada Interface Server to provide real-time, contemporary browser access to its mainframe banking applications. Jacada Interface Server is a leading automated Web-to-host solution and the first offering capable of generating open, non-proprietary graphical thin-client interfaces as either Java or XHTML.

BISYS' outsourcing solutions enable clients to dramatically increase their speed-to-market with new products and services, eliminate their internal infrastructures and the requisite resources, and consistently access state-of-the-art technology. BISYS has purchased a Jacada Interface Server site license to provide its bank clients' more than 30,000 online workstations with improved accessibility, productivity, and customer service.

"Jacada's technology allows us to rapidly deploy a customizable, browser-based interface that significantly reduces end-user training time and improves overall usability of our most sophisticated banking applications," said Bill Neville, president of BISYS Information Services. "This solution will allow our bank clients to use any industry-standard browser to process transactions for BISYS' mainframe applications. It also positions us to quickly develop and deploy new features and functionality, while leveraging the speed and stability of our legacy systems."

"Jacada is addressing BISYS' strategy to integrate contemporary, thin-client technology into its premier suite of banking applications," states David Holmes, executive vice president for Jacada. "BISYS is leveraging its significant investment in software and development, deploying its applications more efficiently, and, at the same time, providing additional features and functionality to its client base. Jacada is pleased to be part of the BISYS solution."

About BISYS

The BISYS Group, Inc. (NYSE: BSG), headquartered in New York City, provides business process outsourcing solutions that enable investment firms, insurance companies, and banks to capitalize on convergence by entering new segments of the financial services industry. BISYS currently supports more than 20,000 domestic and international financial institutions and corporate clients through three business units. Its Investment Services group provides administration and distribution services for approximately 380 clients, representing more than 1,950 mutual funds, hedge funds, private equity funds, and other alternative investment products with more than $560 billion in assets. BISYS' largest group also provides retirement services to more than 15,000 companies in partnership with 40 of the nation's leading banks and investment management companies, and offers analytical research and competitive intelligence through its Financial Research Corporation (FRC) subsidiary. Through its Insurance and Education Services group, BISYS is the nation's leading independent distributor of life insurance and the premier provider of the support services required to sell traditional and variable life, annuity, long-term care, and disability products. BISYS is also the nation's seventh largest property/casualty (P&C) wholesaler and the third largest independent wholesaler of commercial lines of P&C insurance. This group complements its insurance distribution services with a comprehensive compliance management solution that supports insurance and investment firms and professionals with more than 225 certification and continuing education training courses, and a sophisticated suite of licensing-related products and services. BISYS' Information Services group provides information processing and imaging solutions to more than 1,150 financial institutions. This group also supports more than 120 insurance companies with a suite of asset retention solutions, and provides complete program management for corporate-sponsored cash management accounts. Additional information is available at www.bisys.com.

This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, and actual results may differ substantially from these statements. For a more complete disclosure of these risk factors, please refer to the Company's Form 20F filed with the Securities and Exchange Commission. Jacada is a trademark of Jacada Inc. All other brands or product names are trademarks of their respective owners.