Statesoft releases ViewControl F2 trade processing software
Statesoft Ltd., a leading provider of risk control software for user interface development, has announced the launch of ViewControl F2.
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Designed to reduce IT audit deficiencies and improve business control & IT governance of user-intensive processes, ViewControl F2 automates functions previously carried out by people in the processing of security trade orders.
The company's ViewControl F2 solution provides financial institutions with a provable, platform-independent technology. F2 enables institutions to map out and build the compliance required into every new project developed and to maintain and enforce new compliance processes onto existing deployed operational systems.
"People are always the biggest risk for financial institutions," said Brian O'Byrne, Professional Services Director at Statesoft. "By automating the administrative processes previously carried out by traders our clients can eliminate the risk of human-error, and demonstrate that they have the IT processes in place to reduce risk, which is a key requirement for Basle II.
"Automating the processing of security orders also has the additional benefits of allowing traders to better utilise their time and enables banks and brokerages to see more quickly how much money they have made that day," continued O'Byrne.