Zions Management Services Corporation is the services arm of Zions Bancorporation. With assets of approximately USD 56 billion, Zions is a regional financial services company operating in Oklahoma, New Mexico, Arizona, Arkansas, Texas, Colorado, Kansas, Missouri and Utah. Zions offers a broad range of financial products and services to small and middle-market businesses, financial institutions, and retail clients. Zions strives to provide sophisticated, nationally competitive products with personal, responsive client service.
Spectrum is an ideal fit for Zionsâ long-term strategy. With the implementation of Spectrum, Zions will offer a world-class range of FX products and will be able to manage all its clientsâ FX requirements in a highly automated manner. Through the Spectrum Client Portal, bank clients will be able to transact in different products and also request FX payments on-line. All transactions executed through the Client Portal are executed in a completely secure environment with multiple levels of authorization. Transactions will flow directly into the Spectrum Treasury System where front-office and middle-office modules facilitate real-time limits and risk management. Spectrumâs back-office modules will prepare confirmations, payments and accounting entries. The implementation of Spectrum Treasury and Client Portal will allow Zions to achieve significant cost savings and operational efficiencies in the execution of its treasury activities.
James Urbach, Vice President of Sales for Financial Software Systems noted, "We are very pleased to have licensed Spectrum to Zions. The bank's choice of Spectrum as a comprehensive Treasury solution is evidence that opportunities for financial institutions still exist to provide value-added, profit-making activities even in an environment where IT budgets are limited. As a growing and expanding bank, Zions saw the need and the advantage of offering sophisticated Treasury services on a single, straight-through platform, including a user-friendly internet portal. We look forward to helping Zions expand its client-facing Treasury business."