Mondas upgrades flagship corporate actions product

Source: Mondas

Banking and securities software specialist, Mondas PLC, announces the launch of Radica CAPS 4.

This brings major enhancements to its flagship corporate actions solution, and is designed to further increase efficiency, reduce risk, minimise cost and speed up progress towards Corporate Actions automation.

Radica CAPS 4 brings together previous versions of CAPS for retail and institutional clients onto a common platform providing its users with a modular, scaleable and configurable solution.

Further enhancements include web-enabled modules making the system easily accessed via Internet, Intranet and Extranet. Radica CAPS 4 also comes complete with PRISM, an integral message broking toolkit.

A new, easy-to-use, rules-based, front-end provides much greater workflow flexibility. Radica CAPS 4 can therefore be easily configured to automatically handle the different transaction processes operating in countries such as Australia and the US.

Radica CAPS 4 now provides real-time updates to event feeds, SWIFT and positions at the press of a button, through its intra day connect module, INTERACT, thereby significantly reducing the risk associated with a lack of up-to-the-minute data.

"These significant additions are the result of intensive development by the Mondas team, based on valuable feedback from the many leading institutions using Radica CAPS and represents a leap forward in the effort to automate one of the last remaining manual operations within the banking and securities market," says Chief Executive Officer, Jarlath McGee. "The new product has already proved itself capable of comfortably handling up to 3 million transactions per month and I am confident that this release now firmly positions Radica CAPS as the one to beat."

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