19 August 2017
Find out more

Princeton Financial Systems signs Orix USA

19 October 2009  |  1482 views  |  0 Source: Princeton Financial Systems

Orix USA Corp., a subsidiary of Japanese based international financial services provider, Orix Corp., has selected PAM for Securities, the flagship investment accounting platform from Princeton Financial Systems (PFS).

PFS is a leading provider of investment accounting, compliance, data management and reporting solutions for the global institutional investors.

ORIX will use PAM to automate the investment cycle including importing executed trades, providing an exception based operational environment and posting to the corporate general ledger. PAM will also provide the ability to maintain impaired assets using enhanced OTTI functionality and apply FAS157 Fair Value Pricing to assets.

"We chose PAM after a very detailed pilot phase in which PFS clearly demonstrated to have the superior product and experienced people that made a difference. PAM serves a unique place in the market for groups that own lower tranched CMBS. We look forward to expanding our relationship with Princeton Financial Systems", commented Brad DeLong, Chief Information Officer, at ORIX USA Corp.

Lorne Whitmore, Head of Global Sales at Princeton Financial Systems provided: "We have seen continuing momentum in the market of firms who require the combination of functionality PAM offers as they capture more of the rising opportunities in mortgage-related investment pools and hedging strategies. ORIX is a perfect fit for PFS and PAM. We are happy to welcome them to our client base."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8690 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7689 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6934 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6353 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6204 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job