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City Networks launches CityNet Inform

12 October 2004  |  1424 views  |  0 Source: City Networks

City Networks, a software and services providers to the treasury, securities and derivatives markets, today launched CityNet Inform; a dynamic, monitoring and alert notification system for the senior management of financial institutions.

CityNet Inform, developed through research with existing City Networks customers, allows the financial institution to set predefined rules, aligned to their KPIs (Key Performance Indicators) which will enable an automatic alert to be generated on screen.

The alert conditions range from business targets to operational requirements such as daylight overdraft management and the status of trade affirmation. Facilities allow drill down into the information for further investigation. Triggered alerts can also be passed to a named individual, or group, to investigate and take corrective action.

CityNet Inform can use a variety of communication options from email to SMS messaging so that it can support senior managers who are one step removed from the hour by hour operational layer of their business. CityNet Inform is an ideal system for preventative management control as it is automated and pro-active in identifying issues which can be promptly resolved to ensure business KPIs are met.

Unique elements of CityNet Inform include the ability to access, monitor and analyse information throughout the transaction lifecycle incorporating: Trades through voice brokers, Reuters and EBS conversational dealing; confirmation matching; reconciliation; and exception processing.

CityNet Inform does not require complicated integration into these systems as it has been developed with the appropriate interfaces included - so it can be delivered ready for use.

Costa Christodoulou, CEO of City Networks comments: "The launch of CityNet Inform at SIBOS this year is a key part of our strategy to provide our customers with quality software and services as well as the tools required to analyse and maintain leading edge business performance."

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