Revolutionizing the Financial Markets

Winter 2016 News 39
MANDATES
Federal Reserve Partners with IBM to
Boost its Retail Payments
14 Jan, 2016
Optiver Signed a Multi-year Deal to Use
Torstone’s Sub-ledger System
11 Jan, 2016
Provider: IBM
Client: Federal Reserve Bank of Atlanta
Mandate value: Undisclosed
Provider: Optiver
Client: Torstone
Mandate value: Undisclosed
The Federal Reserve Bank of Atlanta’s Retail Payments Office
has selected IBM to modernize its automated clearing house (ACH)
processing platform. When conducting ACH operations, the Federal
Reserve serves as the central operator ensuring electronic payments
(direct deposit, bill payments) clear and settle between commercial banks.
The new IBM FTM for ACH software will allow the Federal Reserve Bank
to input, process, clear, settle and provide billing/accounting functions for
all ACH payments in all 12 districts across the Federal Reserve system.
Optiver, the global electronic market maker, has signed a multiyear
deal to use Torstone’s sub-ledger system, Inferno SL, to provide
a consolidated balance sheet and perform reconciliations with
clearing banks. Inferno SL provides a full double-entry, multicurrency,
multi-entity sub-ledger environment that generates
trial balance, P&L and a full suite of financial reports. Following a
successful pilot project Optiver has chosen to deploy Inferno SL in
support of its European business.
Rasmala Selected Profile’s IMSplus to
Enhance its Operations
17 Dec, 2015
Simcorp Assists Lord Abbett In The
Investment Management Process
12 Nov, 2015
Provider: Profile Software
Client: Rasmala
Mandate value: Undisclosed
Provider: Simcorp
Client: Lord Abbett
Mandate value: Undisclosed
Profile Software’s IMSplus, the investment management platform, was
selected by Rasmala, a London-headquartered independent investment
manager. The use of IMSplus will provide Rasmala with the operational
efficiency, flexibility and competitive approach across their investment
management transactions throughout their operations. Following a
thorough international vendor assessment among top Asset and Fund
Management software vendors, Rasmala selected IMSplus to upgrade
their asset management services following a company-wide makeover.
SimCorp has partnered with Lord Abbett, a U.S. asset management
firm, to support the firm’s growth initiatives for its institutional
products and international operations. As a firm that is investmentled
and investor-focused, Lord Abbett seeks to achieve a leadership
position in the various markets it serves. Requiring a scalable solution
to support the growth of its products and business, Lord Abbett
selected SimCorp Dimension for its ability to process a wide range of
security types.
Fiserv’s DNA account processing
platform signs new credit union
03 Nov, 2015
IDFC Bank India Expands With Misys For
Treasury And Trade Services
08 Oct, 2015
Provider: Fiserv
Client: Telhio Credit Union
Mandate value: Undisclosed
Provider: Misys
Client: IDFC Bank India
Mandate value: Undisclosed
Telhio Credit Union, a $548 million asset credit union based in
Columbus, Ohio, has selected the DNA(R) account processing platform
and integrated solutions from Fiserv to support its goal of becoming a
$1 billion credit union in the next few years. Telhio was seeking a core
account processing platform that will enable the credit union to set up
and support a wide range of business lending programs, streamline its
account opening process, eliminate time-consuming manual tasks and
deliver a superior experience to its 46,000 members.
The bank’s vision is to deliver banking anytime, anywhere
by using technology to drive efficiency and set new standards
of customer experience and convenience. It launched its
banking operations on 1 October 2015 and is focusing on
product and service innovation that take advantage of the
latest digital technologies and data analytics. The bank is also
managing its international treasury management business on
FusionCapitalKondor.