11:32 AM
Operations
XcitekSolutionsPlus and Asset Control, providers of corporate-actions processing and investment-data integration, announced a strategic alliance to provide a seamless integration between their respective solutions. The integrated solution will offer financial institutions a means to manage corporate-actions processing through XSP's solutions, while employing Asset Control to manage the full lifecycle of data capture, cleansing, consolidation, enrichment and storage of reference, price and corporate-actions data into "golden-copy" data.
ABN AMRO announced that Bank Julius Baer is the first Swiss institution to award ABN AMRO a CLS third-party-services mandate. The mandate was awarded following a competitive tender process, which allowed ABN AMRO to demonstrate its abilities in processing large transaction volumes and in offering comprehensive services on a global basis.
Trema, a provider of strategic software solutions for the financial industry, announced that DekaBank has gone live with Trema's treasury, risk and asset-management solution, Finance KIT. DekaBank is using Finance KIT for the Bank's foreign-exchange risk and liquidity management. Finance KIT is also being used to improve STP at DekaBank, processing several thousand cash flows daily and capturing several thousand more from a variety of the Bank's front-office systems via a customized interfacing system built by Trema.