Banco de México upgrades to OpenLink's Findur 8.0

Source: OpenLink

OpenLink, a leader in providing trading and risk management software solutions, announced today that Banco de México, the second largest central bank in the Americas, has gone live with Findur version 8.0, OpenLink's latest front-through-back-office, fully integrated financial software solution.

Banco de México upgraded to version 8.0 in just three months; the project was completed on schedule and under budget. As Banco de México was the first client to upgrade to this latest version, much of the initial beta testing was conducted at both OpenLink's corporate headquarters on Long Island, New York, and the bank’s location in Mexico City, Mexico. Leveraging a rigorous test plan and a comprehensive support infrastructure provided by OpenLink, the central bank is now fully live and able to utilize Findur's latest enhancements, especially the new Trader Desktop, Settlement Desktop, and Reconciliation Module.

Ricardo Medina, Banco de México's operation systems and payments director noted, "When we signed on with OpenLink and the Findur solution in 2002, we were seeking a system that would integrate our front, middle and back-office functions in the best possible way. Findur's latest version 8.0 meets not only our present straight-through-processing requirements, but also our future goals by consistently filling our daily requirements while including flexible, integrated audit support. We are satisfied with OpenLink's latest software and don't anticipate the need to review other systems or solutions."

Coleman Fung, founder and CEO of OpenLink, added, "The upgrade project for Banco de México truly highlights OpenLink's corporate culture: we invest more in our products and support our clients better. Furthermore, we value each and every "partnership" we have. Both OpenLink and Banco de México have already greatly benefited from this partnership, and we are eager to continue this strong partnership while improving Findur, our future-proof solution."

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