We are proud to announce that Regions Bank has gone live as our first customer of the Electronic Settlement Network (Wallstreet ESN), the post trade processing utility for the capital markets. Regions Bank is using Wallstreet ESN’s e-Trading and e-Operations functionality.

Regions Bank, a member of the S&P 100 Index with $143 billion in assets, is one of the largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services in the US. Wallstreet ESN creates processing efficiencies within Regions Bank’s back-office operations, improves straight through processing, and provides its corporate and asset management customers with an improved overall experience.

Brian Anderson, Product Manager - Wallstreet ESN, said: "Regions Bank’s successful implementation of Wallstreet ESN signals an important change within the FX and Cash markets. We are thrilled that Regions Bank is using Wallstreet to outsource its trade processing system, improve productivity, reduce costs and better serve its customers. Our project with Regions Bank confirms our judgment to invest in this part of the market, and we look forward to future successes."

The solution was delivered in exactly 5 months highlighting the benefit and ease of deployment of the new hosted system.