SECURITIES BACK OFFICE

The OFS front-to-back integrated platform supports the processing of securities in the middle and back offices of banks, banking groups and outsourcing service centres.

Currently approximately 50 retail banks are using our solution, with centralized operations that access securities markets and depositaries, mostly through a centralized group entity that acts as the unique counterparty of other group banks.

OFS eXimius PORTFOLIO MANAGER

OFS eXimius Portfolio Manager assists portfolio managers in decision making and execution tasks by supporting construction of model portfolios, portfolio valuation, risk assessment and performance measurement, portfolio rebalancing, investment rule compliance, order management as well as reporting.

DETAILS

OFS Back Office

OFS Back Office meets all requirements of a middle and back office for securities processing.

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WHO & WHAT

UBI BANCA

UBI Banca Group operates through nine regional banks and approximately 2,000 branches. It selected the ObjectWay Financial Suite - Financial Planning, Portfolio, MiFID Adequacy and Appropriateness - to support the provision of MiFID compliant advisory services by the group's 2,000 branches. UBI Banca will introduce ObjectWay in November 2009 to improve the quality of financial advice that is personalized and targeted to the needs of different customer segments (retail, “affluent”, “top affluent”) in compliance with regulatory requirements.

ING DIRECT

ING Direct, which is owned by the Dutch financial giant ING, is the largest online bank in the world and has over 1 million customers in Italy. The Italian branch chose ObjectWay Back office - Order Management for the management of "Investimenti Arancio" due to the ease and efficient manner in which it can manage the sales of funds and SICAV through its distribution channels: call centres, interactive voice response and the internet.

BANCA SELLA GROUP

The Banca Sella Group consists of a bank holding company, four retail banks, and a private bank all of which are served by a centralized back office. It selected the entire ObjectWay SMIT2 product line to support securities operations in 330 branches, online retail clients and the customers of SellaXtrading. The Securities Middle & Back Office, Portfolio Administrator and Portfolio Manager solutions are now integral parts of the Group’s information system that is built on service-oriented architecture, and supports order input, transmission and execution, proprietary trading, wealth management and securities custody services.

The Group also selected OFS Advice - Portfolio for client portfolio management assigned to its private bankers and network of financial advisors.