Sydney, Australia, November 7, 2003. OpenLink, a leading provider of financial and energy trading, risk management, and operations software solutions, today announced that the Reserve Bank of Australia (RBA) has licensed its Findur solution to support the bankâs financial market operations across front-, middle-, and back-office functions.
Findur, an integrated, multi-market trading, risk, and operations solution that streamlines trade lifecycle processes, is currently in production at several of the worldâs leading central banks. RBA will implement Findur as a replacement solution for multiple in-house systems, creating a single, integrated IT platform for its dealing functionality, risk control, operations, and accounting, as well as settlement processing that includes SWIFT connectivity.
"Supporting RBAâs generic market and proprietary processing requirements is instrumental in further strengthening our central banking capabilities, especially as it relates to our exception-based straight-through-processing functionality," said Jean-Claude Riss, managing director of OpenLink International. "This relationship extends our presence within Asia Pacific and reinforces our foothold in this region."
"We need to thank RBA for putting us through a challenging selection process that looked beyond the âme-tooâ marketing rhetoric and drilled deep into the offerings of their short-listed vendors. Because of their rigorous due diligence, we were able to effectively showcase Findurâs robust, integrated capabilities â functionality that really sets Findur apart from other competing products," said Coleman Fung, OpenLinkâs founder and CEO. "We welcome RBA to the OpenLink family and look forward to a strong and productive partnership as our local presence within the Asia-Pacific region continues to grow."