Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, today announces the successful go-live of Wallstreet Suite with the National Bank of Slovakia (NBS).
NBS chose Wallstreet Suite to help support:
- NBS reserve management operations and settlement of ECB reserve management operations
- management and comparison of portfolio risk figures to selected benchmark
- monetary policy operations including domestic and cross border collateral management via SWIFT
- asset assessment, auctions and specific reporting requirements
- implement fully automated STP processing from Front Office through Back Office to Accounting
- compliance with Eurozone standards
Wallstreet worked in partnership with PreFIS, which led implementation and client support in the region.
PreFIS has worked with Wallstreet in the region over a period of eight years and has now been the partner in many central bank and debt management implementation projects, including ARDAL in Slovakia (Debt and Liquidity Management Agency), Central Bank of Finland, Netherlands, Chile, Bundesbank, ECB, EIB, Ministry of Finance Croatia and many financial institutions all over the world. PreFIS acts as Wallstreet's business partner in the field of sales, implementation, content and technical support for Wallstreet's treasury management clients.
With around 98 per cent of Eurozone reserves and a growing number of other global central banks now run on Wallstreet Suite, it has become the central banking platform of choice. The Slovak Republic adopted the single European currency since 1st January 2009. Recently joining the European System of Central Banks (ESCB), NBS will benefit from Wallstreet Suite's risk management and central banking accounting functionality.
Wallstreet Suite has been chosen to support the NBS reserve management and bookkeeping and is the platform of choice for central bank operations, and the NBS has been satisfied with the quality of its implementation.
Teemu Virtanen, Director of Government Sales, Wall Street Systems, said: "By usingng Wallstreet Suite, the National Bank of Slovakia will benefit from a system that has been tailored to meet the needs of the central banks in the Eurozone. We are delighted to be working with PreFIS in supporting the bank at this time."
Viera Bieliková, CEO at PreFIS said: "The power and flexibility of Wallstreet Suite makes it the natural choice of central banks and debt management offices and we have perfected implementation to meet the regulatory, technological and strategic requirements of our clients."
Wallstreet Suite is fully pre-configured for central banks, based on proven methodologies, expert insights and industry best practices to ensure optimum use. It enables efficient reserve management, asset management and monetary policy execution in a single integrated system, and provides front-to-back office support across all operations and through to the accounting function.