Banco de Mexico is to implement the Findur solution from OpenLink to manage its investment portfolios, foreign exchange, loan activities, interest rate derivatives, precious metals, and energy derivatives.
"We were seeking a system that would integrate front-, middle-, and back-office functions in such a way that it meets not only our present straight-through-processing requirements, but future goals as well," says Manuel Galan Medina, the bank's director of operation systems and payments. "Findur fills this requirement while including flexible, integrated audit and accounting support that is above and beyond that of the other systems we reviewed."
The Mexican central bank has also signed up for OpenLink's optional Open Settlement Solution, a messaging middleware module from Trace Financial which provides for multi-channel connectivity.