CentricSI chooses Accurate for operational risk
20 March 2002 | 791 views | 0
Centric Strategies International is incorporating Accurate Software's reconciliation and exception management software into its real-time risk management solution, SyncNow.
CentricSI offers customers in the cash, securities and FX markets real-time transaction information on currency positions and on exposure to operational risk.
Accurate provides data capture, reconciliation, investigation and dissemination of information at speed. This offers managers the flexibility to make timely decisions further down the line at the real-time cash management and risk management stages of the back office process, says the company.
Philip Hall, joint managing director of Accurate Software, comments: "Financial institutions cannot afford to expose themselves to the risk created by the current time-delay batch processing of transactions. Organisations have come a long way in tackling batch processing in the front office but now smart companies are investing in the back and middle office to eradicate exposure to risk and reduce costs."