SS&C Technologies, a subsidiary of SS&C Technologies Holdings (Nasdaq:SSNC), today announced that International Finance Bank (IFB) has selected the Safekeeping module of Lightning, a full-service capital markets SaaS solution.
Headquartered in Miami, IFB expects to grow its Investments and Safekeeping business and enhanced services to their private banking clients. IFB turned to SS&C because they needed a technology partner to provide a low cost and easy-to-implement solution so they can focus on business growth.
"Lightning will allow us to automate tasks such as administrative processing, keeping information on all our custodians, issuing statements, confirmations, 1099's and performing Security Pledge processing, on an integrated SaaS platform," said Charles Skipper, Vice President, Treasury and Investments, for IFB. "With Lightning's Safekeeping module, we are well positioned to grow our business and provide flexible service options for our clients."
"Financial Institutions like IFB look to SS&C Lightning as a trusted platform to safeguard client assets," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "We are pleased to deliver a secure, scalable safekeeping solution to support IFB's growth strategy."