OpenLink, the global leader in trading and risk management solutions for the financial services, corporate, energy, and commodities industries, announced today that it has delivered a complete upgrade of Bayerische Landesbank’s multi-asset trading and risk management system in just four months.
Based on OpenLink’s latest implementation methodology, the update enables the German bank to respond to clients with increased speed and efficiency. An OpenLink client since 2001, the bank benefits from full transaction lifecycle support for trading, investing, hedging and funding of multiple asset classes, including interest rates, credit, currencies, equities and commodities.
Dr. Michael Lange of Bayerische Landesbank said: “Having the latest technology has never been more important to our business. OpenLink's strong methodology, consisting of pre-defined configurations and processes, provided us with a quick and painless way to update our platform.”
Claudio Capozzi, Managing Director for EMEA at OpenLink, added: “This upgrade continues to dispel the myth that major software projects have to be a complex, costly and drawn out process. Quicker time to value continues to be a key part of our service, and this upgrade is further validation. The speed of implementation reflects both the quality of the latest versions of our products and Bayerische Landesbank’s trust in OpenLink’s delivery practice.”