Penson selects Accurate Software to streamline transaction processing

Wednesday 16 March 2005 10:47 CET | News

Penson Financial Services Ltd., has selected Accurate Software to enhance its operational risk management framework and to automate reconciliation and exception management processes for its growing base of European correspondent clearing clients.

Penson Financial Services Ltd. is part of the Penson Worldwide Group, a leading provider of execution, clearing, custody and settlement services for the global securities markets. Integration of Accurates Operational Risk Management solution, Accurate NXG, with The Penson Bureau, will go live during the first quarter of 2005. Penson will use Accurate NXG to quickly and effectively monitor correspondents transaction flows and evaluate exceptions and potential errors. Accurates business intelligence Dashboard technology will deliver enhanced, real-time management reporting and risk analysis to the appropriate business managers, giving them online access to operational and regulatory reports of transactions enterprise-wide. Accurate NXG integrates seamlessly into Pensons existing technical infrastructure.

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Categories: Payments & Commerce | Payments General
Countries: World
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