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COR signs two US banks to Paragon; wins new contract for TBA Trader

11 November 2004  |  2168 views  |  0 Source: COR Financial Solutions

COR Financial Solutions (COR-FS), international provider of asset management and banking software today announced it has completed sales of its PARAGON product to two US banks.

PARAGON is a leading fixed-income portfolio/collateral management and accounting solution that can be customized to meet the varying needs of banks and fixed-income broker/dealers. The flexibility of PARAGON lends itself to being a true, straight-through processing system, creating operational efficiencies from front to back office among our bank and broker/dealer clients. Paragon's data, analytics and integrated reporting provide the most comprehensive, single system solution in the industry.

Pat Philpott, President, COR Financial Solutions, New York: "We are excited to add two more prestigious institutions to our current user base. PARAGON was selected over its competitors because of its strength in MBS and CMO processing in one instance and because of it’s funding and collateral management in the other. Two diverse business lines in two different institutions just validates the breadth of coverage within PARAGON. We look forward to providing a comprehensive solution at both organizations. PARAGON’s flexibility helps our clients in so many different ways. These two sales illustrate how PARAGON can provide value in a number of areas. It is all built on our accounting and spreads out from there. PARAGON is capable of handling multiple products and business lines thus eliminating the need for multiple systems, spreadsheets and manual work arounds. We are pleased to provide value to two more clients."

Separately, COR Financial Solutions (COR-FS), international provider of asset management and banking software today announced it has completed a sale of its TBA Trader product to one of the largest global asset managers.

TBA Trader is a leading front-end TBA management system, incorporating a sophisticated optimization engine and a real-time EPN (Electronic Pool Notification) Interface.

Pat Philpott, President, COR Financial Solutions, New York, said: "The TBA Trader client base continues to grow. TBA Trader is being used by some of the largest asset management firms in the country. Clients are selecting TBA trader based on cost, functionality, ease of use, ease of implementation and the fact that it is a proven solution."

TBA Trader is modular yet fully-integrated - you license only what you need. Our modules include the Front-End Trade Blotter, Optimization Engine and EPN-Link.

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