The integrated solution to create efficiency gains for bank’s global locations
BNP Paribas, in Mumbai, India, has migrated to SS&C’s TradeThru, a trade processing solution for commercial banks, central banks and corporate treasuries, for flexible reporting and operational efficiency gains. Reportedly, BNP Paribas, a SS&C client since 1989, has upgraded from SS&C’s Trading Assistant to TradeThru to take advantage of its’ back office trade processing capabilities.
The Mumbai office follows the Geneva location as the second BNP branch to successfully migrate to TradeThru. SS&C’s TradeThru is expected to provide BNP with an integrated solution that processes BNP’s securities, money markets, foreign exchange and derivatives asset classes.
Nicolas Hazebrouck, head of asset liability management and local foreign exchange back-office, BNP Paribas, said: “The migration provided us with new features that enhance our workflow management, and with the Oracle Database configuration, we have capitalized on TradeThru’s simple and flexible reporting capability. The decision to select SS&C was an easy one. As always, their Client Services support was world class and unparalleled during this migration. Not only did we receive enhanced functionality, it occurred in an easy fashion without negatively impacting our operations.”
Bill Stone, chairman and chief executive officer, SS&C Technologies, said: “We are extremely pleased that BNP continues to choose TradeThru as part of their global operational strategy. As BNP Paribas continues to grow and expand, our enhanced technology such as flexible browser-based deal capture, simplified and flexible reporting, comprehensive online data archiving and XML interface functionality, combined with our global support and world-class service is ready to support that growth.”
Connecticut-based SS&C Technologies delivers investment and financial management services and software focused exclusively on the financial services industry.