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NRI’s I-STAR/GV provides SaaS to Westpac wealth business

Source: NRI

NRI has successfully integrated its I-STAR/GV platform with BT’s Panorama Platform, supporting Panorama’s individual HIN (Holder Identification Number) service offerings. BT is the wealth management arm of the Westpac Banking Corporation in Australia.

I-STAR/GV is the flagship post-trade platform of Nomura Research Institute (NRI) - a leading think-tank and systems integrator in Japan, with a strong focus and commitment to capital markets in Australia.

BT implemented NRI’s I-STAR/GV platform for Settlement Participants. Hosted in Amazon cloud, NRI offers the I-STAR/GV platform as Software-as-a-Service (SaaS) to BT. The platform connects to CHESS (Clearing House Electronic Sub-register System) and with the wealth management platform of BT through a standard set of APIs, which supports end-to-end business requirements, in a Straight-Through Processing (STP) mode. Apart from facilitating HIN administration, Trade Settlements, Transfers & Conversions, the I-STAR/GV platform enables automation and STP based processing of Corporate Action event lifecycle, thereby optimizing operations.

NRI believes I-STAR/GV’s platform compatibility and ease of integration maximizes operational efficiency for BT’s rapidly expanding business needs and is forward compatible with the new DLT (Distributed Ledger Technology) based Clearing & Settlement Platform of ASX.

NRI FinTech’s Future Roadmap in Australia
Since 2016, NRI FinTech has been bringing the best financial IT expertise to Australia. NRI FinTech works with leading banks in Australia to help them implement individual HIN solutions and Custody HIN solutions over wealth management platforms. During the second stage of the program, NRI FinTech will upgrade the individual HIN solution to connect to the Clearing & Settlement platform of ASX, using Direct Ledger API.

Mr. Masato Yuasa, President and Chief Executive Officer of NRI FinTech said, “As the industry demands more of scalable and adaptive solutions with near zero-downtime, NRI FinTech has been committed toward bringing in sophisticated, robust and mission-critical platforms that can scale-up and adapt to new & changing business environments. NRI FinTech is also dedicated to providing holistic support with timely updates for changing market requirements, for clients in Australia and around the world.”

At NRI FinTech our mission is to build client trust and establish relationships for mutual growth. Implementation of the I-STAR/GV platform for a prestigious client like BT is a great step toward establishing the value of our I-STAR/GV platform in the Australian market. Choosing NRI FinTech to provide time critical connectivity & functions for BT’s core business processing is a manifestation of their trust of the NRI brand.”

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