Wall Street Systems signs Croatian National Bank

Wall Street Systems signs Croatian National Bank

The Croatian National Bank is implementing technology from Wall Street Systems to support reserve management operations and meet Eurozone standards ahead of the country's accession to the EU.

The central bank is deploying Wallstreet Suite to 28 users in its reserve management department in a bid to standardise and automate semi-manual treasury processes.

The vendor says this will result in better straight through processing levels, free up resources and allow for more value-added risk management and investment research activities.

Jadranka Marušic, director, international reserves and FX liquidity, Croatian National Bank, says: "We selected Wallstreet because of their dedicated focus on the Eurozone central banking sector."

Implementation began in November 2008 and the system is scheduled to go live in mid 2009. Croatia is expected to join the EU this year.

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