Decillion Introduces WealthCraft Straight Through Processing Solution at SWIFTNet Funds Event in Sydney.SYDNEY, Australia -- Decillion de·cil·lion n. 1. The cardinal number equal to 1033. 2. Chiefly British The cardinal number equal to 1060. Solutions Group, a SWIFT service partner and strategic partner of WealthCraft Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : WCSY), introduced WealthCraft's 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 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;. ) solutions for automated funds management at a SWIFTNet Funds event for fund management professionals held at the SMC SMC Saint Mary's College SMC Santa Monica College SMC Solaris Management Console SMC Smooth Muscle Cell SMC Small Magellanic Cloud (also see LMC) SMC Safety Management Certificate (maritime shipping) Conference and Function Centre in Sydney, Australia on Thursday, May 3, 2007. The focus of the event was on STP applications in the funds market and benefits of funds automation solutions. For more information about the event, please go to http://www.swift.com/index.cfm?item_id=41607. WealthCraft Systems Inc. (OTCBB: WCSY), a SWIFT Solutions Partner, is the developer and manufacturer of proprietary software specifically designed to offer financial institutions a complete, customized solution designed to enhance the delivery of wealth management services. WealthCraft's focus is on Asia, primarily Hong Kong, Taiwan, Singapore and Mainland China, all among the fastest growing wealth management markets globally. The Decillion Solutions Group, a NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. company, has its headquarters in Singapore with offices in Kuala Lumpur, Bangkok, Sydney, Shanghai and a representative office in Jakarta. Decillion Solutions is a niche banking IT company with a focus on providing 'best of breed' banking applications, SWIFT Service Bureau, Payment Systems, Trade Processing and 'Straight through Processing (STP) solutions to financial institutions in the Asia Pacific Region. Decillion is recognized as the official Business Partner and Service Partner of Swift for Southeast Asia and the South Pacific Region with an established record of more than 500 successful SWIFT Alliance and related installations and service provisions to more than 200 financial institutions. About WealthCraft WealthCraft Systems Inc. (OTCBB: WCSY), headquartered in Hong Kong SAR (Segmentation And Reassembly) The protocol that converts data to cells for transmission over an ATM network. It is the lower part of the ATM Adaption Layer (AAL), which is responsible for the entire operation. See AAL. SAR - segmentation and reassembly , is the parent company of WealthCraft Systems Ltd. WealthCraft is an information technology company that designs, develops, markets and supports a flexible, scalable and secure technology platform for wealth management services for financial institutions, including investment advisory firms, securities brokerage firms, retail and private banks, mutual fund companies and insurance companies. WealthCraft's principal business solution is Advisor Workbench (AWB See House Air Waybill. ). AWB's proprietary technology gives financial professionals the tools and services required to develop and expand their wealth management business. AWB's software and services solution enables more efficient and effective customer relationship management, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , investment research, portfolio management and trade execution allowing financial institutions to enhance customer loyalty, improve financial advisor productivity, strengthen customer relationships and increase assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . WealthCraft also offers ATOMS Order Management, an integrated back-office system providing order execution, order management and portfolio and commission management. WealthCraft's product offering allows institutions to seamlessly implement the industry standard SWIFTNet Funds solution thereby allowing automated mutual fund transactions, which are generally manually performed in Asia. WealthCraft offers software and related services to its customers based on an annual recurring license model to generate a long-term sustainable revenue base. WealthCraft, through its Shenzhen subsidiary also has operations in China. This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on WealthCraft management's current expectations and are subject to risks and uncertainties and changes in circumstances. All forward-looking statements included in this press release are based upon information available to WealthCraft as of the date of the press release, and it assumes no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Further information on risks or other factors that could affect WealthCraft's results of operations are detailed in the filings of WealthCraft with the SEC. |
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