Trema, the leading provider of treasury and asset management software (now part of Wall Street Systems) announced today that it is delivering a new standard in treasury and cash management with technology from HP.
The offering is expected to bring significant cost savings and increased transaction volume handling to financial institutions and corporations worldwide.
Based on HP's flexible Adaptive Infrastructure technologies, TremaSuite has been shown to deliver significant cost savings to customers. Compatible with UNIX, Linux, and Windows-based servers, TremaSuite enables true Straight-Through Processing (STP), delivering up to 2,250 transactions per minute without sacrificing the accuracy of each individual transaction.
Because of the increased throughput created by the Trema solution combined with HP technology, corporations and financial institutions can easily increase the volume of activity without experiencing delays or downtime. This is particularly important for high volume foreign exchange and complex trading, where speed and accuracy are essential. The system is also scalable for roll out globally to subsidiaries at large companies; fully automated, it also reduces risk and helps ensure accurate reporting for financial compliance.
"The Trema-HP alliance is indicative of further maturation of the FinTech marketplace," states Jeanne Capachin, Research Vice President at Financial Insights-IDC. "Strategic alliances such as these foster the kind of innovative thinking and cost savings that demonstrate true ROI for the treasury."
"The treasury in banks and corporations plays a critical role in global transaction and risk management," said Don Jenkins, vice president of marketing, Business Critical Servers, HP. "HP is committed to working with partners to further bolster the strategic importance of treasury technologies."
"Our customers, which include the world's largest central banks and corporations, demand treasury and cash management technologies that move at the speed of their businesses" said Michele Fitzpatrick, managing director for sales and account management, Wall Street Systems (formerly CEO of Trema). "We have bolstered the performance of our award-winning solutions to deliver even greater cost savings and increased transaction processing capabilities for our global customer base."