Wall Street Systems, a provider of global treasury, trading and settlement applications and services, has released new web-based functionality for its Wallstreet BackOffice application.
The update is meant to extend back office efficiencies while overcoming typical STP breakdowns, including payment netting and splitting, client on-boarding, manual matching and cash reconciliation.
“In an era of increased electronic and currency network dealing, corporate customers are demanding more from their banking partners both in terms of visibility and in terms of access to key information data,” said Tony White, global co-head of research and development for Wall Street Systems. “Through e-Operations, our clients can improve the service levels they deliver to their customers, ultimately streamlining and smoothing the interaction between the buy and sell sides.”