First Bankers' Banc Securities (FBBS), an institutional fixed-income securities dealer based in St. Louis, Missouri, has implemented SunGard's Stream InTrader solution for portfolio accounting and online client reporting.
Delivered in an application service provider (ASP) environment, Stream InTrader is an integrated solution for bank treasury and portfolio management, clearance and settlement.
FBBS provides portfolio accounting services for over 70 community bank clients throughout the Midwest. FBBS chose Stream InTrader for its extensive accounting capabilities, rapid implementation and ease of use, as well as its ability to provide monthly reports to clients electronically using SunGard's Stream Portal. Stream Portal sends e-mail alerts to FBBS' clients when monthly statements, graphical reports and quarterly rate shock reports are available for online access, download or import into spreadsheets.
Ken Bretthorst, president of First Bankers' Banc Securities, Inc., said, "Stream InTrader is a user-friendly, turnkey system that offers a fast and lightweight deployment, comprehensive portfolio accounting capabilities, and reliable reporting for our clients. SunGard has helped to ensure a smooth conversion and seamless service for our clients and continues to provide us with responsive, first-rate day-to-day support."
Gerry Murphy, president of SunGard's brokerage and clearance business, said, "Securities firms need to be able to enhance their profitability by gaining efficiencies while delivering superior service and greater transparency. Stream InTrader helps institutions optimize investment returns, increase operational efficiency, and provide a wide range of services to their clients in a single, streamlined system."