FinIQ signs three new contracts for automation of bonds, notes and options

Singapore- 4 February 2014

FinIQ has signed three new license agreements in the Asia-Pacific region. With these agreements, two more banks have joined the growing list of wealth management players adopting the FinIQ distribution platform. The three initiatives will benefit almost a thousand bankers, who will see major productivity gains in their product distribution capability.

First two installations are for order management, and trade processing of securitized wealth products such as fixed income bonds and structured investments and notes, with a mix of underlying asset classes including equity, commodity, credit and interest rates. The third rollout is for automation of an FX option linked pricing and processing solution at a very large private bank establishing liquidity links with major interbank suppliers.

FinIQ director Shodhan Shah says, "having three new projects for clients in three different countries on such a wide mix of asset classes shows the breadth of the FinIQ platform. These installations include both flow based tailor-made products involving live pricing support, as well as product distribution via order pooling. Further to this, the mid-life capabilities including fixing, coupon generation, corporate actions, expiries, barriers, accounting, payments, and documentation makes it a robust platform for our clients to enhance their product offerings by not only improving the pricing efficiency but also the post trade processing efficiency. A typical FinIQ project lasts six to eight months giving our clients not only the core functions but also a complete integration with the banking, risk management and accounting systems. Besides these rollouts, FinIQ is close to completion two new OTC projects including Accumulators and Swaps, which apart from the usual front and back office functionality, also includes limits and collateral management."

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