Source: Impendium Systems
Impendium Systems, a leading provider of regulatory applications to financial and non-financial organizations throughout the world is pleased to announce that an existing customer is now using the Elements Platform to meet their Financial Reconciliations Requirements.
The customer - the German Legal Entity of a large US Investment Bank with major operations throughout the world - has extended its use of the Elements Platform to automatically reconcile its cash balances across internal and customer accounts.
Impendium Systems' CEO, Stuart Clark comments: "By extending the Elements regulatory Platform for financial reconciliations, the customer has further reduced risk in its derivative's life cycle. This is an excellent example where our regulatory solutions provide additional control benefits. We are already targeting other control areas including portfolio reconciliations to continue to provide new and existing customers with added value from their compliance spending".