Boston - 25 June, 2001 - Thomson Financial Treasury Solutions, a business unit of Thomson Financial, announced today that PARAGON, its accounting and collateral/portfolio management system, was selected by INTRUST Bank, NA in Wichita, Kansas. Terms of agreement were not disclosed.
INTRUST Bank has licensed the PARAGON system to handle its investment portfolio, correspondent accounting and customer safekeeping processing. PARAGON was selected because of its broad securities coverage and customer safekeeping functionalities. INTRUST Bank has licensed the PARAGON Core System, data warehouse and SQL reporting package and its customer safekeeping module. INTRUST will also be using general ledger, asset liability management and cash payments interfaces.
"After an extensive due diligence process, we determined that PARAGON was the solution to best meet our business needs in a cost-effective manner," said Susan Sullivan, Vice President and Manager of Internal Reporting at INTRUST Bank. "We also have an aggressive implementation timeframe and the PARAGON team is working with us to ensure deadlines are met."
"We are extremely pleased to provide INTRUST Bank with a solution that meets their investment processing requirements, from portfolio management to correspondent processing to statement generation of all forms associated with full service customer safekeeping," said Gerald D. Clemente, Jr., Sales Manager for PARAGON and Thomson TBA Traderä. "PARAGON’s wide range of functionality will provide INTRUST Bank with the single system solution they were looking for."
A worldwide, industry leader for more than a decade, Thomson Financial Treasury Solutions offers a suite of front-to-back office software products which provide business solutions through improving efficiency and reducing risk for bank treasuries and capital markets groups. TFTS consists of three treasury products: PARAGON, Thomson TBA Trader and Thomson Visionä. For more information on TFTS, visit www.TFTS.com.
Thomson Financial is a US$2 billion provider of e-information and integrated work solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (TSE:TOC), a leading, global e-information and solutions company with annual revenues of approximately US$6.0 billion. The Corporation’s common shares are listed on the Toronto and London stock exchanges. For more information on Thomson Financial, visit www.thomsonfinancial.com