TPG Software, Inc., a leading provider of financial securities safekeeping software and solutions, today announced that First National Bank of Hutchinson, KS, has selected TPG Software's financial accounting suite, the Safekeeping Genius System.
First National Bank of Hutchinson, KS plans to replace its current safekeeping system with a comprehensive custody processing solution from TPG Software.
Safekeeping Genius, one of TPG's offerings, was designed specifically for institutional custody. The system provides custody agents with a complete straight through processing solution from transaction entry to client reporting and billing, including pledge notifications, safekeeping receipts, credit advices, billing statements, and maturity notices. Safekeeping Genius was built on TPG's proven core accounting engine, providing reporting and advices while ensuring accuracy and precision for all securities being held.
"We are very pleased to add First National Bank of Hutchinson, KS to our family of our Safekeeping Genius clients. TPG offers the functionalities for accounting, custody, and reporting that are critical for banks," said Cory Sokoloski, VP Sales, TPG Software Inc.