SS&C Signs New Alliance Partner - Corporate America Credit Union; SS&C Establishes a Strong Position in the Credit Union Industry.Business/Technology Editors WINDSOR, Conn.--(BUSINESS WIRE)--Oct. 1, 2002 SS&C Technologies, Inc. (Nasdaq: SSNC SSNC Swedish Society for Nature Conservation (Stockholm, Sweden) SSNC Signaling System Network Control SSNC Status, Entity Data Not Consistent (Alcatel) ), a leading provider of e-commerce solutions to the credit union industry, today announced that Corporate America Credit Union (Corporate America) has signed a strategic alliance to market the Company's Internet-based investment product line to its member credit unions. "We are very pleased to be selected by Corporate America to deliver our Internet-based asset/liability management Asset/Liability Management A technique companies employ in coordinating the management of assets and liabilities so that an adequate return may be earned. Also known as "surplus management. service, bond accounting and portfolio analytics systems. SS&C continues to expand its presence in the credit union industry and we look forward to embracing Corporate America's members as clients," stated Michael Murphy Michael Murphy may refer to:
"Our goal is to offer our member credit unions premium services at competitive prices. We are pleased to include SS&C as a preferred vendor in our offering," stated Thomas D Thomas D. (born Thomas Dürr, December 30 1968 in Ditzingen close to Stuttgart, Germany) is a rapper in the German hip hop group Die Fantastischen Vier. He frequently works on solo projects. Life After finishing Realschule he took on an apprenticeship as a barber. . Bonds, President/CEO of Corporate America. "We were searching for an ALM product that was accurate, easy to use and had the features that would benefit our members. PALMS met all three criteria and its Internet access See how to access the Internet. is really a plus. With PALMS, we will be able to help our members develop comprehensive ALM strategies," added CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Bonds. About Lightning PortPro and PALMS SS&C's Lightning service of Internet-based information and services helps corporate credit unions and their members effectively manage their fixed income portfolios with state-of-the-art bond accounting and interest rate risk monitoring. With its powerful portfolio analytics, credit unions can analyze and optimize their balance sheet using PALMS' performance reporting and on-line simulation tools. About SS&C Technologies Inc. Headquartered in Windsor, CT, with offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia, SS&C delivers investment and financial management software and related services to five vertical markets: 1) hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and family offices, 2) institutional asset managers, 3) insurance entities and pension funds, 4) real estate property managers, and 5) financial institutions, servicing over 400 credit unions through strategic relationships with Corporate America, PacCorp, EasCorp, First Carolina, CenCorp and other major corporate credit unions. In each of these markets, SS&C's solutions are in the top tier of competitive product offerings. Worldwide, SS&C's clients manage, in aggregate, more than $4 trillion in assets. SS&C is publicly traded on NASDAQ under the symbol "SSNC". Additional information is available at www.ssctech.com. About Corporate America Credit Union Headquartered in Irondale, AL, Corporate America is a non-profit company owned by its member credit unions with assets of about $1 billion. Chartered in 1975, Corporate America provides wholesale investment, credit and correspondent banking Correspondent banking is an account that is established by a domestic banking institution on behalf of a foreign bank for the purpose of handling various financial transactions related to the foreign bank. Correspondent banking allows foreign banks to conduct business in the U.S. services to 200 member credit unions throughout Alabama. It also offers brokerage services through CU Brokerage Systems, Inc. Additional information is available at www.corpam.org. Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; SS&C's Software e.briefings! Bi-weekly, SS&C distributes informational "e.briefings" to more than 40,000 professionals in the financial institutions vertical market. E.briefings feature topical articles about the latest business and technical issues facing the industry. A special Investor Edition is also available. To view the latest issue, visit http://www.ssctech.com/e-news/fi/2002/fi_e.briefing_0920.html. To subscribe, visit http://www.ssctech.com/e-news/subscription.asp. |
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