FHLBank Atlanta will replace existing transaction processing tools with Findur, thus allowing end-to-end processing of all transaction types, coupled with an improved ability to create and deliver new product offerings.

Findur, OpenLink's enterprise-wide front-through back-office process control and automation software, will help to facilitate FHLBank Atlanta's "advance business" - the process of offering loans to its members coupled with related hedging, back-office and reporting needs. FHLBank Atlanta chose OpenLink after an extensive, hands-on evaluation and testing process.

Executive Vice President and Director of Financial Management Wes McMullan commented that Findur's functionality - flexibility and customization, business process management tools, back-office support, workflow and monitoring capabilities - has positioned Findur as the ideal choice.

"The Bank expects to benefit from the fully integrated solution that will provide a foundation for workflow improvements and increases in automation while helping to limit operational risk," he said.

Added Kenneth Knowles, Executive Vice President, Financial and Risk Solutions at OpenLink, "We are delighted to have FHLBank Atlanta join our global financial services client base. FHLBank Atlanta's selection of OpenLink affirms the success of our ongoing strategic investment in developing a superior trading, risk, and portfolio management solution suite for the financial community. We are confident that the Bank will see tremendous benefits from Findur's extensive standard instrument coverage, hybrid instrument modeling capabilities, and workflow support throughout the transaction lifecycle."