Bank of the West selects SS&C's Lightning[TM].$62 Billion Bank Implements Fixed Income Platform to Drive Future Growth WINDSOR, Conn. -- SS&C Technologies, Inc. (www.ssctech.com), a global provider of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. software and software-enabled services, today announced that Bank of the West has selected Lightning[TM], SS&C's full-service capital markets ASP solution, to support the fixed income trading, sales and safekeeping Safekeeping The storage of assets or other items of value in a protected area. Notes: Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. services for its capital markets business. Headquartered in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] , Bank of the West has significantly expanded its capital markets business in recent years. To streamline transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. across the organization, Bank of the West will implement SS&C's Lightning platform to manage its front, middle and back office operations. "After a thorough due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and competitive review process, we concluded that SS&C offered us the most comprehensive, functionally-rich, and cost effective solution to meet our requirements for integrating processes and optimizing our operations," said Dave Harvey, executive vice president, operations, for Bank of the West. "With a solid, proven and scalable technology solution in place, we now have greater potential to support and grow our fixed income and funding product suites." "We are seeing that forward-thinking financial institutions like Bank of the West are continuing to invest in technology to improve productivity and customer service," said Bill Stone, chairman and chief executive officer, SS&C Technologies, Inc. "We look forward to working with the team at Bank of the West to provide a scalable solution with the flexibility to support their business as it changes and grows." About Bank of the West Based in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , $62.3 billion-asset Bank of the West (www.bankofthewest.com) offers a full range of business, corporate, personal, trust and international banking services. The Bank operates more than 700 branch locations and commercial banking offices in 19 Western and Midwestern states. Bank of the West's holding company, BancWest Corporation, is a subsidiary of BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. , among the six strongest banks in the world, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Standard & Poor's. About SS&C Technologies SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the different industry segments, including: 1) insurance entities and pension funds, 2) institutional asset management, 3) hedge funds and family offices, 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending and 8) financial markets. Additional information is available at www.ssctech.com. |
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