Source: Shadow Financial Systems
Shadow Financial Systems, developers of the ShadowSuite global securities processing, reconciliation, clearing, treasury and accounting system, today announced it has been selected by UBS (Bahamas) Ltd., a wholly owned subsidiary of UBS AG, Switzerland, for derivatives processing, treasury and accounting functionality.
UBS (Bahamas) Ltd. provides a comprehensive range of private banking, portfolio management, and international corporate and trust services. The company prides itself on providing first-class customized service to its clients, who are served by multilingual client officers who are well versed in all aspects of private banking.
Don Marino, Shadow's CEO, added, "Our flexible, scalable solution's open architecture will integrate into UBS' global infrastructure. As a result, ShadowSuite will help UBS decrease operational risk and cost while improving processing efficiency."
Marino concluded, "Our clients turn to Shadow Financial Systems because of our responsiveness and willingness to enhance ShadowSuite's functionality to accommodate each client's unique needs. We deliver faster implementation times than our competitors, so our clients recognize return on their investment sooner as well as significant productivity gains."