Independent Bankers' Bank licenses SS&C capital markets ASP system

Source: SS&C Technologies

SS&C Technologies, Inc., a leading provider of integrated e-investment solutions to the financial institutions marketplace, announced it has signed a multi-year agreement with Independent Bankers' Bank (IBB) of Lake Mary, Florida, a provider of high quality correspondent services to community financial institutions.

IBB will utilize Lightning, SS&C's full-service, capital markets ASP solution, for the management of their fixed income securities transactions, portfolio accounting, and back-office operations.

Robert Metheny, Senior Vice President, IBB Investment Services Group commented, "IBB is pleased to be teaming with SS&C as our investment services operations provider. This alliance will enable us to offer our respondent banks easy access to investment reports and safekeeping via the Internet, improve our response time to customer requests and much more. We are confident that with SS&C in our corner, we will be able to deliver a higher level of service and take our Investment technology to the next level."

"We are pleased IBB selected Lightning to manage their growing volume of correspondent investment activity," stated Bill Stone, CEO of SS&C. "Lightning offers IBB a comprehensive solution for their front, middle, and back-office processing, which will give them the ability to compete effectively based on both functionality and affordability. Delivering industry-proven solutions to high-caliber financial institutions like IBB drives our success and gives IBB a powerful advantage in implementing their growth strategies."

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