Abbey National Selects TSI Software's Nimbus and Mercator FS for Automated Liquidity Management and Straight Through Processing.MUNICH, GERMANY--(BUSINESS WIRE)--Sept. 13, 1999-- Nimbus, Mercator FS to Provide Liquidity Management, Business Integration and Payment Scheduling Against Abbey National's RTGS RTGS Real Time Gross Settlement RTGS Real Time Gross Settlement System Systems TSI TSI Total Solar Irradiance (sum solar light in energy per unit of time) TSI Trading Standards Institute (UK) TSI Transportation Safety Institute (US DOT) International Software Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TSFW), a leading provider of EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. and STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. software for the financial marketplace, today announced that Abbey National has selected TSI Software's Nimbus payment scheduling and liquidity management solution to eliminate manual intervention and automate its liquidity management procedures. In addition, Abbey National will utilize Mercator(R) FS to improve straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. (STP) and real time gross settlement rates (RTGS) and expedite payment flows. TSI Software acquired financial software specialists Braid earlier this year. Nimbus will enable Abbey National to view its liquidity position, and automatically prioritize and schedule payments against available liquidity according to Abbey National's specified criteria. Nimbus will route Abbey National's payments to where liquidity is available, earmark earmark taking a piece out of the edge or center of the ear with a punch as an identification mark. The shape of the mark may be registerable under local legislation. liquidity for future or special payments and provide real time projected end of day positions based on payments and pre-advices in the pipeline. "When Abbey National decided to rationalize and restructure its payment processing operations," stated Abbey National project manager Nick Clare, "it created the need for a middleware system and a scheduler to control payment flows more closely. TSI Software was able to demonstrate their understanding of our key business goals and objectives from the outset. Their solution closely fitted our requirement to be able to manage our positions across multiple accounts." "TSI Software is focused on providing strong technology to facilitate the eBusiness requirements of our financial services customers," stated Peter Cremona, associate director and product manager of Nimbus at TSI Software. "Abbey National's existing domestic and foreign currency payment operations require an effective mechanism to address conflicting multi-currency liquidity demands. Nimbus will enable Abbey National to monitor real time positions and project accurate funding calculations across all currencies, while at the same time scheduling outgoing payments against its RTGS systems, as well as managing Nostro accounts in real time." About Mercator FS Mercator FS is an integration platform that enables dramatic reductions in the time, cost and risk of financial transaction settlement and superior management of liquid assets Cash, or property immediately convertible to cash, such as Securities, notes, life insurance policies with cash surrender values, U.S. savings bonds, or an account receivable. for banks and securities firms worldwide. It combines TSI Software's market-leading Mercator enterprise application integration (EAI) software with its Messenger(TM) secure transaction management and secure messaging system to achieve EAI and STP benefits within and between enterprises. About Nimbus Nimbus provides financial services customers settlement scheduling and liquidity management, including real-time monitoring of outbound settlement queues, central settlement account balances, and required settlement schedules and commitment models, with automatic warnings to treasury managers and other systems regarding shortages, outages, and excesses of liquidity across all settlement streams. About TSI International Software Ltd. TSI Software is a leading provider of packaged EAI and eBusiness integration software across all industries. TSI Software's flagship product, Mercator, is the leading solution for integrating ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. applications like SAP R/3 and PeopleSoft with existing systems, best-of-breed applications, web applications, databases and data warehouses. Mercator is in productive use by over 1500 customers today, including American Express, Citibank, Eastman Kodak, Eli Lilly, General Motors, Hershey Foods, Hoechst, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Lockheed Martin, Lucent Technologies and Texas Instruments. TSI Software's Braid Solutions for financial services are used by more than 300 worldwide financial institutions, including ABN AMRO, ANZ ANZ Australia and New Zealand ANZ Australia and New Zealand Banking Group Limited ANZ Air New Zealand (NZ national airline) Bank Group, Brown Brothers Harriman, Credit Suisse, Deutsche Bank, Merrill Lynch, Greenwich NatWest Markets, Salomon Smith Barney and Warburg Dillon Read Investment bank created by the 1997 merger of S.G. Warburg & Co. and Dillon, Read & Co. Subsequently renamed UBS Warburg and now part of UBS AG, where the Warburg name was eventually dropped. . TSI Software is a public company (NASDAQ: TSFW) headquartered in Wilton, Connecticut. More information about the company can be found on the Internet at http://www.tsisoft.com. Mercator is a registered trademark of TSI International Software Ltd.(the Company), Messenger, Nimbus and TSI Software are trademarks of the Company. Other product and company names herein may be trademarks of their respective owners. |
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