A complete overhaul of back and middle office functionality is considered one of the most challenging projects facing any financial institution – but Mellon Corporation decided to do it in six months.
Accenture reports back on a ten-week trial of digital pen and paper technology at UK bank HBOS.
A positive outcome on a project to automate cash reconciliation at Skandia UK led the financial services group to partner with supplier Accurate Software on an initiative to modernise securities reconciliation procedures.
Dutch financial institution, KAS Bank deployed software from Accurate to achieve payments and securities reconciliation throughout its global operations.
The Members Funds' department of the Lloyd's insurance market has deployed Accurate's reconciliation software to increase speed of processing and improve management reporting.
South African banking group Absa implemented Misys Message Manager to drive out manual intervention in the back office as part of a major overhaul of its Swift messaging architecture.
Yolus' Real-time Risk Management (Y-RTR) solution provides management and traders at Dresdner Kleinwort Wasserstein with a mechanism to view, monitor and analyse cross-product, cross-location trading P&L and risk in one system in real-time.
The equity derivatives desk within KBC Financial Products (KBC FP) turned to Xenomorph for a front office solution that would enable traders to rapidly structure exotic equity derivatives, manage the risk on these instruments, and reduce reliance on spreadsheets.
Read how Dresdner Kleinwort Wasserstein (DrKW) used Xenomorph systems to solve the problems associated with maintaining complex market data database structures.
When the product management group within the investment banking/fixed income division of DZ Bank AG, Frankfurt, needed to automate and streamline their business simulation processes for new products, they turned to Xenomorph software for rapid plug and play compatibility.
Eurogiro members have used Swift's single window approach to network access to lower costs through technology rationalisation and connect with SwiftNet FileAct for cross-border bulk payments.
Fortis Bank faced up to competitive pressures in its bulk payments business by implementing a new modern platform using SwiftNet FileAct messaging and Axway integration products.