SS&C Technologies a global provider of financial services software and software-enabled services, today announced that Bank of the West has selected Lightning, SS&C's full-service capital markets ASP solution, to support the fixed income trading, sales and safekeeping services for its capital markets business.
Headquartered in San Francisco, California, Bank of the West has significantly expanded its capital markets business in recent years. To streamline transaction processing across the organization, Bank of the West will implement SS&C's Lightning platform to manage its front, middle and back office operations.
"After a thorough due diligence and competitive review process, we concluded that SS&C offered us the most comprehensive, functionally-rich, and cost effective solution to meet our requirements for integrating processes and optimizing our operations," said Dave Harvey, executive vice president, operations, for Bank of the West. "With a solid, proven and scalable technology solution in place, we now have greater potential to support and grow our fixed income and funding product suites."
"We are seeing that forward-thinking financial institutions like Bank of the West are continuing to invest in technology to improve productivity and customer service," said Bill Stone, chairman and chief executive officer, SS&C Technologies, Inc. "We look forward to working with the team at Bank of the West to provide a scalable solution with the flexibility to support their business as it changes and grows."