ACA Valores has signed a deal to implement 4sight's Securities Finance software solution.
ACA is a Spanish bank owned by eight Spanish Savings Banks and will use 4sight Securities Finance (4SF) for its agency lending business, with the system providing cross portfolio availability, collateral management, reporting and risk management.
In addition to the core Securities Finance application ACA will make use of 4sight's Web Reporting module and the Xpose module for collateral management. The project will also integrate multiple domestic and international securities lending services and strategies offered by ACA within one system.
"4sight was chosen as our preferred solution provider because of the company's focus on proactive development, responsiveness and the software's functional capabilities", comments Luis Moncasi, Managing Director of ACA Valores'. "We received a great deal of positive feedback on 4sight from the industry and look forward to working together to implement a successful project".