Wall Street Systems and Aleri ink distribution deal

Source: Aleri

Aleri, a leading provider of enterprise-class complex event processing (CEP) technology, and Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, today announced a partnership agreement in which Wallstreet will serve as a preferred distribution partner for Aleri's Liquidity Management System (LMS).

The partnership will extend the global reach of Aleri's award winning Liquidity Management System.

"The Wallstreet/Aleri partnership is a strategic alliance for the financial services industry," said Judson Murchie, an analyst with Aite Group. "If a financial institution is looking to provide its treasury group with a comprehensive, enterprise-wide liquidity management system, Aleri LMS fits the bill. The agreement between Aleri and Wallstreet will extend the global footprint of the solution through Wallstreet's large distribution network, making it available to many of the world's leading financial institutions."

Aleri LMS, the first enterprise-class commercial application to leverage CEP technology, spans front, middle and back office treasury functions with liquidity risk management, payment and clearing operations for Tier 1 global financial institutions. The product automates time-consuming, manual processes to allow banks to focus on cost-effective liquidity strategies that reduce operational costs while enhancing competitive positioning by increasing forecasting accuracy and decreasing funding costs. Additionally, by leveraging existing information and systems, Aleri LMS can be deployed in a matter of months, providing very rapid return on investment, without the need for costly, time consuming and risky reengineering of existing systems.

"We are committed to offering market-leading solutions to our clients that will help them enhance their competitive edge," said Tony White, Managing Director - Product and Research & Development, Wall Street Systems. "Our partnership with Aleri allows us to offer clients a comprehensive liquidity management solution, complementing our existing portfolio of solutions."

"Wall Street Systems has a leadership position in providing treasury and high volume transaction processing solutions to banks across the globe. Aleri has the most comprehensive and proven solution for managing liquidity risk and utilization across the entirety of any bank. This partnership extends this offering and aligns two clear leaders in financial technology," said Don DeLoach, CEO of Aleri. "We are looking forward to working with Wallstreet to increase and strengthen our footprint within the global banking industry."

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