Financial Software Systems has signed a partnership agreement with i-flex Solutions to integrate their respective Spectrum and Flexcube products for an end-to-end treasury application.
Spectrum provides electronic and manual deal capture, real-time profit and loss calculations, real-time portfolio risk analysis, and counterparty, country and currency limit controls.
Flexcube is a back-office core processing system for retail and corporate banks, investment banks, mutual funds, and brokerages.
Under the agreement, the companies will combine Spectrum’s front and middle-office modules with Flexcube's treasury back-office processing capabilities to offer an integrated application for trading, risk management and life-cycle processing for a wide range of financial instruments such as FX, money markets, fixed income and derivatives.
Gerald Thurston, president of Financial Software Systems, states: "The tight integration of Flexcube and Spectrum provides clients with a powerful and reliable tool that provides straight-thru-processing in a high volume environment."