City Networks, a provider of software and services to the treasury, securities and derivatives markets, has launched monitoring and alert notification system for banks.
The so-called CityNet Inform service, developed through research with existing City Networks customers, aims to enable users to set predefined rules, aligned to their Key Performance Indicators (KPIs), that will enable an automatic alert to be generated on screen. The alert conditions range from business targets to operational requirements such as daylight overdraft management and the status of trade affirmation. Users are able to drill down into the information for further investigation. Triggered alerts can also be passed to a named individual, or group, to investigate and take corrective action.
City Networks says CityNet Inform can use a variety of communication options from email to SMS messaging, so that it can support senior managers who are one step removed from the hour-by-hour operational layer of their business. CityNet Inform users will be able to access, monitor and analyse information throughout the transaction lifecycle including trades through voice brokers, Reuters and EBS conversational dealing; confirmation matching; reconciliation; and exception processing.
City Networks says CityNet Inform does not require complicated integration into back office systems as it has been developed with the appropriate interfaces included.
“The launch of CityNet Inform at SIBOS this year is a key part of our strategy to provide our customers with quality software and services as well as the tools required to analyse and maintain leading edge business performance,” says Costa Christodoulou, CEO of City Networks.