Financial Objects in e-Portals

Financial Objects, announced a partnership with e-portals Ltd., a company focused on delivering innovative web-based treasury services. This alliance will see Financial Objects integrate e-portals' technology into its Banking solutions, enabling clients to better monitor and manage risk.

As part of the collaboration, Financial Objects will enhance its banking software to include e-portal Ltd's "Exposure Alert" product; a real-time, exposure-tracking desktop suite that alerts users to anomalies during operations. The product consolidates the available data within a financial institution and applies external market data to derive key risk and exposure indicators. The user can then set personal parameters for alerts that they wish to be notified of, including gaps, liquidity, FX positions, hedge positions and VaR.

"A lack of operational transparency has contributed to many of today's high profile corporate failings," says David Carruthers, group technology director at Financial Objects. "The combination of these products means that our clients can be the first to find out about any operational transactions that require attention."

Hal Hovland, CEO at e-portals Ltd., and the key architect of Exposure Alerts believes that technology can be exploited to reflect the working practices of today's senior management. "The product optimises the new wave of Microsoft technologies; designed to use Silverlight and Windows Sidebar® on Vista, or a proprietary program in XP. The product displays risks and exposures graphically, and allows drilldown for more detailed information. It is a perfect solution for today's busy executives."

Users in transit can also be alerted via SMS or to their Blackberry. The product is available to new and existing Financial Objects clients of ibis, ibis s2, activebank and Treasury via a simple interface to the alerting software.

TwoFour Live with New Clien

TwoFour, announced the world’s leading global broker of exchange-listed futures and options, is live with TwoFour. The client licensed TwoFour for its London Treasury business and complete front to back processing across asset classes including foreign exchange, money market, cash management, exchange traded futures and options, OTC options, fixed income and interest rate swaps. Individuals from both firms worked collectively to enhance TwoFour’s product coverage to include interest rate swaps, fixed income, and internal arbitrage, and ended up with an outstanding product that meets the broker’s business requirements while providing the flexibility and scalability they require. The enhancement project leveraged TwoFour’s architecture and Software Development Life Cycle methodology with integrated automated testing and validates TwoFour’s ability to quickly and efficiently help organizations migrate onto their solution.

TwoFour provides a distinct advantage over their previous supplier by leveraging current technology that is designed to evolve as technologies evolve. TwoFour’s flexibility made it easy to quickly configure the application to meet the broker’s specific business needs. Once their required development was complete, the new solution was implemented in just a few months. Activities from the broker’s many businesses are fed into TwoFour in real-time allowing the broker to effectively manage its business as well as its clients’ business. TwoFour provides the broker’s front office with enhanced real-time position and profit and loss information for currency and interest rate exposures to facilitate better decisions in today’s fast moving markets. TwoFour’s integrated workflow and interface tools streamline the back office processing.