Shadow Financial Systems, developers of the ShadowSuite global securities processing, reconciliation, clearing, treasury and accounting system, has been selected by UBS (Bahamas) Ltd., a wholly owned subsidiary of UBS AG, Switzerland, for derivatives processing, treasury and accounting functionality.
UBS (Bahamas) Ltd. provides a range of private banking, portfolio management, and international corporate and trust services.
“Our flexible, scalable solutions open architecture will integrate into UBS global infrastructure. As a result, ShadowSuite will help UBS decrease operational risk and cost while improving processing efficiency. Our clients turn to Shadow Financial Systems because of our responsiveness and willingness to enhance ShadowSuites functionality to accommodate each clients unique needs. We deliver faster implementation times than our competitors, so our clients recognise return on their investment sooner as well as significant productivity gains,” says Don Marino, CEO, Shadow.