SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that it has entered into an agreement to provide Foreign Exchange (FX) software and services to the largest Indiana-based bank, Old National Bank.
Together, the companies will implement SS&C’s online customer FX Trading Portal to offer a full-service trading solution tailored to the needs of Old National’s customers. The move comes on the back of an increase in FX related activities at the bank.
“We selected SS&C’s FX Trading Portal for our Foreign Exchange business because we wanted a modern, scalable platform that would integrate well with our broad range of banking products,” said Bob Jones, President and CEO, Old National Bank. “Our mission is to deliver unparalleled service to customers. By choosing to work with SS&C, we are delivering on that promise with a client-friendly, web-based solution, in addition to our traditional phone support, to manage foreign exchange exposure on a global basis.”
After an extensive due diligence process, Old National Bank selected SS&C’s FX Trading Portal software because it was able to deliver a seamless customer experience that was extremely intuitive and easy to use. Old National Bank will use SS&C’s web-based foreign exchange solution to provide commercial, corporate and institutional customers with direct market access. The portal will deliver real-time market rates in major and many emerging market currencies, and allows clients to initiate spot, forward and swaps with the click of a button.
“The SS&C FX Trading Portal gives Old National Bank a secure, integrated foreign exchange services platform that easily handles real-time, competitive currency transactions,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Our proven delivery model and expertise in this space will generate substantial convenience to Old National’s growing customer base.”