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OneWest Bank, FSB selects Princeton Financial Systems accounting system

13 October 2009  |  1762 views  |  0 Source: Princeton Financial Systems

OneWest Bank, FSB has selected ePAM, Princeton Financial Systems' (PFS) hosted investment accounting solution, to provide accounting across all asset classes and integration to other key OneWest Bank systems.

OneWest's diverse portfolio of investment instruments required a proven system that could adapt to adding new instrument types quickly when needed. After a market review, ePAM's ability to support accounting for various investment instruments and hedging strategies in one system were key factors for OneWest. ePAM's leading ability to integrate with various other systems, such as trade order management and general ledger applications at OneWest, were also very important to achieve the straight-through processing model that executive management had sought.

Lorne Whitmore, Global Head of Sales at Princeton Financial Systems adds: "We are happy to welcome OneWest Bank to our growing client base of sophisticated fixed income investors. One West's decision to integrate ePAM into its technology architecture reflects an emerging industry consensus that the integration of specialized and robust tools to handle the full investment cycle is the best way for complex investors to ensure transparency, strong risk management and operational efficiency. We look forward to a long and mutually rewarding relationship with OneWest Bank."

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