John Ridout has joined Eurobase Tantus Banking, a division of the Eurobase International Group, as General Manager. John joins from Sungard Treasury Systems where he was responsible for the Financial Institutions business in Europe, Middle East & Africa.
Eurobase Tantus Banking has specialised exclusively in treasury risk management and dealer support solutions since 1978 and is a division of the Eurobase International Group, a market leader in specialist financial services software.
Eurobase Tantus Banking’s flagship product is Siena, the all Java real-time treasury management system.
Says Ridout, ‘I am delighted to be joining Eurobase Tantus Banking and hope to build on the companies success with its treasury systems TDS and Siena. The staff are highly experienced with significant expertise in both financial markets trading and operations as well as in financial software development. Siena’s functionality and technology address many of the shortcomings of the treasury systems currently on the market and, as such, I expect us to become the major player in front-office systems for both Financial Institutions and Corporations’.
Siena supports all major treasury instruments, in real-time. It is a continuously evolving system, whose modularity enables the easy introduction of new financial instruments and client specific enhancements. The Java base enables Siena to run on multiple platforms and provides ease of integration with existing systems.
Extensive user feedback has enabled Eurobase to implement a highly efficient deal capture mechanism with real-time interfaces to other systems. This gives users access to dynamic position keeping, credit, risk and profit and loss information facilitating more informed decision-making. The system’s STP capability significantly reduces the overall cost per transaction.
Siena also enables management to exercise control over all product risk and exposure via its real-time reporting capability. The limit module is also real-time, with availability and potential utilisations clearly shown prior to deal capture.