20 August 2017
visit www.avoka.com

UNFCU selects FNX's hosted trading platform

12 June 2006  |  1855 views  |  0 Source: FNX

FNX SOLUTIONS (FNX), a leading provider of next generation technology solutions for treasury and capital markets, announced today that the United Nations Federal Credit Union (UNFCU) selected FNX's web-based Sierra ASP solution to support its STP cross asset trading operation.

Sierra's breadth of product coverage and depth of functionality will provide the United Nations Federal Credit Union with a user friendly deal input, robust audit capabilities, and flexible, user friendly reporting for a wide variety of asset classes. Sierra ASP's back-office capabilities will improve the efficiency and productivity of the operational staff at the UN by allowing seamless processing of transaction lifecycle events and post sub-ledger accounts.

The selection of FNX's Sierra ASP was made based on its extensive functionality and the flexibility of its offering to expand in the future as business and market needs change. Farid Naib, FNX's CEO and Founder stated, "We are very pleased to provide a Solution for UNFCU. By implementing the Sierra System, UNFCU will be able to expand their investment portfolio into many currencies, accomplish STP from trade entry through to general ledger, and will receive more accurate and timely information to assess risk. The ASP model was an attractive deployment option because it provided investment bank quality functionality at an affordable flat monthly rate."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9790 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8302 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7868 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
7625 views 0 | 2 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7115 views comments | 14 tweets | 13 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job