Back to all announcements


London, UK - 9 June 2006 - Thunderhead, the leading provider of enterprise communications technology, today announced that the Thunderhead Document Generation Platform has been awarded The Banker Technology Award for Back Office Innovation in Wholesale and Investment Banking. The award, presented at a gala dinner in London on the 8th of June, 2006, recognises Thunderhead's innovation and leadership in enabling investment banks to transform their back office operations by employing document generation technologies to automate their trade order confirmation processes.

The Banker Technology Awards recognise innovation and excellence of technical applications and services for the front, middle, and back-office functions in financial services companies and the strategies used by these companies to effectively employ technology that addresses various business challenges.

Launched in November 2003, the Thunderhead Document Generation Platform allows business users, rather than IT specialists, to take control of the creation and maintenance of critical transactional business documents such as OTC derivatives trade confirmations. Thunderhead brings together ad hoc, batch and real-time document generation functionality to deliver a single, scalable solution to address business communications requirements across the enterprise.

"The entire Thunderhead team is delighted to have received this prestigious award from The Banker," said Glen Manchester, CEO of Thunderhead. "We are very pleased to be acknowledged for our ongoing commitment to develop pioneering solutions that provide significant business benefit for our customers worldwide. This award is particularly gratifying because it recognises the substantial impact that the Thunderhead platform has had in improving business efficiency in the Financial Services marketplace."

For investment banking customers including Lehman Brothers, Morgan Stanley and Nomura, Thunderhead offers an approach to automated trade confirmation generation that addresses the central issue of achieving volume insensitivity, while supporting exceptions handling and, at the same time, ensuring comprehensive compliance and control.

This widely deployed solution dramatically cuts trade confirmation processing time and reduces the risk involved in back office processing, business challenges that industry regulators have instructed banks to address. Thunderhead also partners with the DTCC to deliver an off-the-shelf solution to automate OTC derivatives trade confirmation and matching via DTCC Deriv/SERV, enabling firms to move rapidly towards straight through processing without having to invest in costly in-house system development.