City Networks has announced the successful implementation of the latest version of its CityNet Matching module at Bank of Tokyo-Mitsubishi. Having gone into production in the London Branch, the CityNet solution will be rolled out globally across the Bank’s operations for FX, inter-bank and customer dealing confirmation matching.
Upon request of Bank of Tokyo-Mitsubishi, the City Networks Japan office is in the process of developing Phase II of a two-part special interface between the module and Bank of Tokyo-Mitsubishi’s centralized Overseas System (“OVS”). Phase I of the interface, called “Interceptor”, went live in early June.
Koichi Tanaka, Senior Manager of Global Corporate Banking IT Planning Office at Bank of Tokyo-Mitsubishi commented: “The integrated solution from City Networks has provided significant benefits in our real-time transaction process. This is the first step in our plan of global operational expansion”.
“We are extremely pleased to continue to work with Bank of Tokyo-Mitsubishi to achieve complete STP in its treasury operations,” added Guyon Hayklan, MD for the Asia Pacific region at City Networks. “Via this seamless link to the Bank’s host system, our software extends the STP chain and considerably reduces operational risk.”