Austrian banking group Raiffeisen Zentralbank Österreich (RZB) is implementing Anvil Software's Arts technology to support its repo and securities lending operations in central and eastern Europe.
The front office system can support international repo, securities finance, agency lending and central clearing margin management for fixed income and equity markets.
According to RZB, a comprehensive review of system options was undertaken prior to settling on the Arts platform.
"After a thorough evaluation of the systems available on the market as well as the in-house option, Anvil Arts proved to be the best fit," says Philipp Mittermaier, project manager, RZB. "Not only does Arts meet and exceed our requirements in terms of functionality and growth digestibility – it is also first class where system-level integration is concerned."
Malcolm Clark, product strategist, Anvil Software, says: "Our expert knowledge in the Repo and Securities Finance field has allowed us to develop a system that supports high volumes and efficient trading, with reduced administration and risk.
"We believe that this expertise is one of the core reasons that vendor systems are proving to be more popular than in-house builds."