Global end-to-end solution helps institutions grow treasury business
Open Solutions, a leading provider of integrated enabling technologies for financial service providers across the United States, Canada and international markets, announced the availability of its Spectrum Treasury System from Financial Software Systems, a leading provider of quality treasury management software. Further complementing Open Solutions’ suite of core processing technologies designed for financial institutions around the world, this application provides an advanced front-, middle- and back-office global treasury system that supports foreign exchange, money market, fixed income and derivative instruments.
Open Solutions’ Spectrum Treasury System enables financial institutions of all sizes to standardize their treasury operations on a single system, built on a single database. Clients gain an integrated client-management module, flexible analytics tool and faster processing that enables organizations to grow their treasury business in today’s highly competitive market. Additionally, the system’s interface is flexible allowing users to easily facilitate the import and export of data, as well as customize the types, formats and order of the data.
President of Financial Software Systems, Gerald Thurston, said, “We look forward to partnering with Open Solutions to offer the Open Solutions Spectrum Treasury System to an even broader audience of financial institutions worldwide. We share Open Solutions commitment to provide innovative technology solutions designed to address the business challenges financial institutions are facing. We’ve worked with some of the leading financial institutions in the world and have developed an expertise in margin trading and have designed a treasury solution designed to increase financial institutions’ profile in the foreign exchange market. I am confident the unique middle-tier calculation engine and data distribution service offered in the system will allow end-users to grow their treasury operations on a global scale.”
The availability of Open Solutions Spectrum Treasury Solution further supports the company’s goal of international expansion. Earlier this year, Open Solutions announced reseller agreements with Vietnam-based Thien Nam, Thailand-based SLC, Canadian-based Celero, India-based R Systems Inc. and Asian-based CSII. Open Solutions provides enabling solutions to domestic and international financial services providers, offering some of the most advanced functionality, technology and service in today’s market. Its relational database technology suite was designed to be an open architecture application, creating the flexibility necessary to run an agile, customer-focused institution. The product suite delivers real-time core data processing, business functionality and business intelligence capabilities that have efficiencies for both the front and back offices.
Open Solutions Chairman and CEO Louis Hernandez, Jr., said, “We are committed to offering our clients sophisticated technology solutions designed to address their business needs. As we continue to expand our global footprint, we are pleased to offer financial institutions both domestically and in the international market a complete treasury system designed to position them as leading players in the global market. FSS is a recognized leader and provider of treasury solutions and we look forward to offering this proven solution to our growing client base. Our solutions are designed to help banks of all sizes understand the full depth of their customer relationships. Open Solutions Spectrum Treasury Solution further extends this capability, helping banks better compete and grow their treasury business.”
About Financial Software Systems
Financial Software Systems is headquartered in Horsham, Penn., producing foreign exchange and interest rate risk management software for banks, fund managers and corporations. Financial Software Systems supports some of the leading financial institutions around the world. For more information visit their Web site at www.finsoftware.com.
About Open Solutions Inc.
Open Solutions Inc. offers a fully featured strategic information management product platform that integrates core data processing applications built on a single centralized Oracle relational database, with Internet banking, cash management, CRM/business intelligence, financial accounting and management tools, profitability tools, wealth management, imaging, digital documents, interactive voice response, network services, HSAs, payments and loan origination solutions. Open Solutions’ full suite of products and services allows banks, thrifts, credit unions and financial services providers in the United States, Canada and internationally to better compete in today’s aggressive financial services marketplace, and expand and tap their trusted financial relationships, client affinity, community presence and personalized service.
For more information about Open Solutions or its financial product line, contact Mickey Goldwasser by email at mgoldwasser@opensolutions.com or by phone at 860.652.3153 or via fax at 860.652.3156. Visit Open Solutions’ Internet site at www.opensolutions.com.