South African financial institution Absa Capital has modified its versions of SunGard’s Global One. The securities finance solutions suite for trade processing, operations and reporting will be used with electronic settlement system Strate Ltd for processing transactions on the Johannesburg Stock Exchange and off-market trades.
The upgrade will help Absa decrease costs and risks, meet more stringent compliance regulations and increase competitiveness. Global One’s plug-and-play transaction processing and industry-standard interfaces will help Absa improve straight-through processing and achieve rapid time-to-market.
Click here for the release from SunGard.