Implementation supports rigorous culture of risk management at the bank
New York – April 29, 2015 – OpenLink, the global leader in trading and risk management solutions to the financial services, corporate, energy, and commodities industries, today announced that Bank of the West has implemented OpenLink’s Findur solution for its Capital Markets and Treasury operations. The implementation included a number of workflows to automate and facilitate both pre and post sales business activities.
Bank of the West is a subsidiary of the BNP Paribas Group, a leading bank in the eurozone and a prominent international banking institution with a presence in 75 countries with more than 185,000 employees.
OpenLink’s Findur solution, allows complete transaction lifecycle support for trading, investing, hedging and funding multiple asset classes, including interest rates, credit, currencies, equities and commodities, and comprehensive treasury management capabilities. The use of Findur enables valuation of the entire portfolio in one single integrated system, production of end of day reports in a timely manner and utilization of the Hedge Accounting solution to formally assess hedge effectiveness for both Cash Flow and Fair Value hedges.
Sandy Weil, Managing Director, Americas Financial Services at OpenLink said, “Bank of the West has been a tremendous partner during this project. It had a clear vision for the type of real-time data and reporting it wanted across its business lines. We are pleased to support its robust risk requirements with sophisticated technology.”
Learn more about OpenLink’s solutions for Capital Markets and Treasury.