Home Federal Bank Investment Services Group Extends Relationship with SS&C
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Home Financial Services, Inc., the investment services wholly-owned subsidiary of Home Federal Bank, went live on Lightning™, SS&C’s full service software-as-a-service (SaaS) platform.
Tennessee-based Home Financial Services implemented Lightning to achieve an integrated, straight-through-processing environment to support its growing investments and safekeeping business and provide enhanced services to its clients. Led by SS&C’s positive existing relationship with Home Federal Bank (Home Federal Bank uses SS&C’s PortPro as its bond accounting platform) and its previous provider sun setting its software, Home Financial Services recognized Lightning was the preferred choice in meeting their technology needs now and into the future.
“As a progressive provider of fixed income investment services, we need to use the most innovative technologies to attract and retain a wider range of clients,” said Mitchell Kincer, Vice President, Home Financial Services, Inc. “Lightning has facilitated a more efficient workflow and eliminates potential safekeeping errors. The contemporary SaaS solution was also a key strategic factor as it allows us to scale and grow while avoiding inflated operational costs.”
“Home Financial Services recognizes the importance of integrated, flexible and scalable technology like Lightning as a catalyst for efficiency as they grow,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Organizations like Home Financial Services place a great deal of emphasis on expertise and knowledge and innovative technology infratructures and we are pleased to be fundamental to their success.”
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