Wall Street Systems Wins The Banker Technology Award for Back Office Innovation

We are proud to announce we have recently won The Banker Technology Award for Back Office Innovation of the Year for our e-Operations solution. The Banker Technology Awards aim to provide financial institutions and their clients around the world with an objective analysis of the best of breed IT solutions available in the market today.

Launched in March of this year, e-Operations forms part of Wall Street Systems BackOffice solution and is an integrated, web-enabled, post trade tool that streamlines the interactions between the buy and sell-sides by giving end users full visibility and control over all transactions. The solution, which is already being used by Citizens Bank, enables banks to meet the increasing demands of their customers while simultaneously reducing costs.   “We were very impressed with the e-Operations entry as this is such an underinvested area and there's rarely anything that shows such resolution of enormous problems for the banking industry,” said Stephen Timewell, editor-in-chief of The Banker. “The solution from Wall Street Systems addresses core issues of client on-boarding as well as payment netting and splitting – it was one of the best submissions we had.” Commenting on the award win, Joel Mandelbaum, President and Chief Executive Officer of Wall Street Systems said: "We are delighted to have won this prestigious award. The launch of our e-Operations platform was a deliberate decision on our part not to follow the industry’s trend of channelling R&D into the ubiquitous trade execution sites. Instead, we wanted to create a platform that purely focuses on day-to-day operations, efficiency and transparency. With e-Operations the buy-side has more control over their account management via improved sell-side engagement. This is a win-win for both the banks and their customers."    Delivering 24x7 availability, e-Operations extends back office efficiencies to enable financial institutions to improve the service levels they deliver to their corporate customers, which is becoming ever more important as electronic and currency network dealing increases and customers demand greater access to key data.   To find out more about how you can extend your back office efficiencies, visit our informative article, E-trading: Capturing market share through post-trade execution management