The Asian Regional Banks Solution from Wall Street Systems supports FX, interest rate and fixed income business as well as complex derivatives. It scales easily to support new instruments and increased transaction rates, and integrates easily with other systems. Banks who take the solution will benefit from increased revenues and improved customer service.
Using the new integrated platform, banks can also achieve real-time consolidation of all open positions to provide an accurate analysis of performance, risk management and reporting. This will enable them to meet compliance requirements such as International Accounting Standard (IAS) 39 and Basel II.
The Asian Regional Banks Solution provides increased operational efficiency by maximizing STP rates, as it extends from the front office through to settlements, payments, automatic confirmations and confirmation matching, plus full general ledger accounting and Continuous Linked Settlement (CLS).
Banks using the Asian Regional Banks Solution will benefit from access to a 24/7 Global Service Center, as well as ongoing research and development investment to ensure that the system evolves to meet both financial market and client specific requirements.
"The market in Asia continues to grow in both sophistication and volume driving many banks to review and replace existing legacy systems and integrate across the enterprise to achieve customer growth," said Garfield Hayes, head of client research and strategy, Wall Street Systems.
"The overriding need for our banking customers in Asia Pacific is for a cost-effective integrated platform to offer their clients a wider range of financial products, especially complex derivatives and structured products, within an STP environment, to improve operational efficiency and address their risk and compliance requirements â all necessary to remain competitive and achieve business growth. The new Regional Banks Solution was developed specifically to meet these needs."
Wall Street Systems will also display the latest version of its core treasury and capital markets system at The Asian Banker Summit. The Wall Street System is the only totally integrated solution that can manage all front, middle and back office operations on a global scale, enabling true STP.