The European Central Bank (ECB) in Frankfurt has selected Openlink’s solution as its risk and treasury management system.
Openlink, a provider of trading, treasury and risk management solutions, will support all market operations linked to ECB’s management of euro-denominated investment portfolio, decentralised management of the ECB’s foreign reserves, and various monetary policy-driven asset purchase programs.
Public financial institutions face heightened compliance and reporting requirements and must establish new ways of working to handle enormous volumes of data and an extensive universe of instruments. This includes straight-through processing (STP) and more frequent due diligence, stress testing, and credit and market risk checks.
“We are proud to collaborate with the ECB as it further enhances its risk and treasury operations for the Eurosystem,” said Bernard Delahaye, chief revenue officer of Openlink in EMEA. “Openlink is deeply committed to helping the ECB and other central banks evolve in step with regulatory changes, the need for advanced reporting and data analytics, and other market shifts.”
Financial institutions use Openlink’s trading and risk management technology to support their workflows, their interest rates, credit, FX, equity, commodity and associated derivative products. Asset managers can manage risk across all market exposures and hedges, while central banking users can maximise security, market oversight, trading and control.
For compliance, Openlink stays at the ‘forefront of regulatory reforms’ by working closely with regulators, clearing houses, service providers and trade data repositories in order to carefully address regulatory challenges faced by customers.
The company also offers a full suite of market-leading solutions to help organisations comply and keep pace with changing regulatory reporting requirements, including collateral management, swaps data repository, hedge accounting, SDR reporting, OTC clearing workflows and more.
Earlier this year, ION Investment Group, a trading and workflow automation software provider, acquired Openlink Financial. Prior to the ION purchase, Openlink partnered with business consultancy FWD View to help financial institutions adopt cloud-based solution. The pair’s partnership aims to realise the full benefits of cloud-based trading applications for FX and derivatives, as well as trade risk, analytics and reporting.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
