Openlink, a provider of trading, treasury and risk management solutions, has partnered with business consultancy FWD View to help financial institutions adopt cloud-based solution.
In today’s market banks and other financial institutions must navigate ‘myriad regulatory and cost pressures’, accelerate provisioning, and make important decisions based on enormous volumes of data in real-time according to Openlink.
With this in mind, the pair’s new partnership aims to realize the full benefits of cloud-based trading applications for FX and derivatives, as well as trade risk, analytics and reporting. Openlink’s Findur platform, available as a cloud offering since 2017, helps clients trade smarter, minimize risk, and streamline business processes.
“Openlink is an industry leader and standout provider of choice to work with our team,” said Daniel Higgins, executive directorat FWD View. “Together, we will advance a clear point of view about the business imperatives of cloud computing, with complementary cloud offerings and services such as Findur on Openlink Cloud, which leading financial institutions can rely on to drive important business outcomes.”
Headquartered in New York, Openlink provides trading, risk management, accounting, treasury, compliance and logistics solutions for energy, commodities and financial services organisations.
The company delivers a critical, consolidated view of enterprise-wide commodity and currency risk exposure. It enables organisations to make ‘rapid, smart decisions in response to market fluctuations with the visibility necessary to perform effective financial commodity hedging. The solutions provides the insights required to reduce operational risk, manage input price and currency volatility, and improve company cash flow and profitability.
For compliance, Openlink claims to stay 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. It 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.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
