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605 Third Avenue
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Boston, USA Office

320 Congress Street 7th Floor
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New Jersey, USA Office

2 Journal Square Plaza
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Denver, USA Office

4725 Independence Street
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4 King Street West
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193 Marsh Wall
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Mainzer Landstraße. 211
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Hyderabad, India Office

Adjacent to Cyber Towers, Hi-Tec City, Madhapur,
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5th FloorRutonjee HouseRuttonjee Centre11 Duddell Street
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10/F Kojimachi KS Square5-3-3 Kojimachi, Chiyoda-ku
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Mezzanine Suite 150 Margaret Street
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White Plains, NY USA Office

10 Bank Street, Suite 880
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Singapore Office

8 Robinson Road# 09-00 ASO BuildingSingapore 048544
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South Africa Office

8th Floor, Fredman Towers13 Fredman DriveSandown 2196South Africa
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Mississauga, Canada Office

5970 Chedworth Way
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Czech Republic Office

Trojanova 18120 00 Prague 2
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5 Dakota Drive
Lake Success
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Amsterdam Office

Unit 1AJ Ernststraat 199
Amsterdam
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Telephone

+44 207 551 3000

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Marketing
[email protected]
Back to all Broadridge Financial Solutions announcements

BNP Paribas Securities Services Introduces new City Networks Software to Reinforce the Efficiency of Controls and Risk Management Execution

London and New York, 24 May 2004, City Networks, provider of software and services to the treasury, securities and derivatives markets is pleased to announce the successful implementation of its latest software, CityNet Investigation, with advanced workflow facilities at BNP Paribas Securities Services, to further improve the efficiency of controls and risk management execution.

CityNet Investigation was implemented in mid May, and part of its role is to automate the handling of exceptions for BNP Paribas Securities Services' institutional clients, where transaction and reconciliation volumes are steadily climbing.

CityNet Investigation automates the handling of exceptions that are a consequence of the reconciliation process. The upgraded product has an extensive intelligent workflow engine that is embedded within the solution, which enables BNP Paribas Securities Services to introduce efficiencies in investigations.

This innovative technology has strengthened BNP Paribas Securities Services' product offering in a number of ways:

- Significantly reducing clients' operational risk
- Ensuring rapid delivery of items for investigation
- Boosting client servicing delivery
- Enabling high quality, timely data which allows clients to generate trades, review performance and to manage compliance and risk.

Commenting on the benefits of this successful implementation, Richard Piskorz, Head of Global Asset Servicing at BNP Paribas Securities Services said: "It is important that we are constantly streamlining our processes for our clients, by taking advantage of leading technologies, and we have therefore selected CityNet Investigation as one of our investigation and reconciliation tools. Having seen the benefits of such technology in operation with CityNet Reconciliation, the product fit was a natural one."

"Optimising efficiency in the reconciliation process offers a huge benefit to institutions such as BNP Paribas Securities Services and its customers", added Nick Russen, Managing Director for EMEA at City Networks. "Having the ability to deal with exceptions using CityNet Investigation will automate a potentially hazardous element of exception handling, and provide effective cost and time savings for BNP Paribas Securities Services and its institutional investor client base."