Wall Street Systems (Wallstreet), the provider of treasury, trading and settlement services, announces the successful go-live of Wallstreet Suite with the National Bank of Slovakia (NBS).
NBS chose Wallstreet Suite to help support:
NBS reserve management operations and settlement of ECB reserve management operations
management and comparison of portfolio risk figures to selected benchmark
monetary policy operations including domestic and cross border collateral management via SWIFT asset assessment, auctions and specific reporting requirements
implement fully automated STP processing from Front Office through Back Office to Accounting compliance with Eurozone standards.
Wallstreet worked in partnership with PreFIS, which led implementation and client support in the region.
PreFIS acts as Wallstreets business partner in the field of sales, implementation, content and technical support for Wallstreets treasury management clients.
With around 98% of Eurozone reserves and a growing number of other central banks now run on Wallstreet Suite, it has become the central banking platform of choice. The Slovak Republic adopted the single European currency since 1st January 2009. Recently joining the European System of Central Banks (ESCB), NBS will benefit from Wallstreet Suites risk management and central banking accounting functionality.
Wallstreet Suite has been chosen to support the NBS reserve management and bookkeeping and is the platform of choice for central bank operations, and the NBS has been satisfied with the quality of its implementation.
By using Wallstreet Suite, the National Bank of Slovakia will benefit from a system that has been tailored to meet the needs of the central banks in the Eurozone. We are delighted to be working with PreFIS in supporting the bank at this time, says Teemu Virtanen, director of Government Sales, Wall Street Systems.
The power and flexibility of Wallstreet Suite makes it the natural choice of central banks and debt management offices and we have perfected implementation to meet the regulatory, technological and strategic requirements of our clients, says Viera Bielikov, CEO at PreFIS.
Wallstreet Suite is fully pre-configured for central banks, based on proven methodologies, expert insights and industry best practices to ensure optimum use. It enables efficient reserve management, asset management and monetary policy execution in a single integrated system, and provides front-toback office support across all operations and through to the accounting function.
L.D.