Banking Applications
Understanding standard software.
For more than standard.
The IT departments of banks and financial service providers are under high levels of pressure, which is why the strategic objective must be to set up homogeneous system landscapes with low transaction costs while, at the same time, maintaining production security and a short time to market.
We are familiar with the standard software solutions in the focused business fields and we are in a position to evaluate the solutions for our clients and to integrate those which best meet the functional and non-functional requirements of their business model. We know the strengths and weaknesses of the different applications, negotiate with vendors and incorporate our outstanding experience into the system integration and release upgrade of the various system solutions such as Calypso, Murex, Quantum, Ambit Focus and LoanIQ.
Experience is crucial.
- We understand your functional and non-functional requirements and know the best system for them
- We know about the advantages and disadvantages of market-relevant systems from our own project experience
- We have more than 200 years of collective experience in integrating system solutions into existing system landscapes
- Our consultants are objective – independent of the interests of vendors
The right system for every task.
Trading- and settlement platforms
For more than 20 years, Firstwaters has supported clients in the area of capital markets in the evaluation and integration of trading and settlement platforms. In addition to Calypso, Murex and Ambit Quantum were integrated as front-to-back solutions for leading financial institutions in the D/A/CH region.
We supported our clients along the way from the initial system evaluation through to the final roll-out of the respective platform. This resulted in a long-standing partnership with many of our clients through which we have elevated more and more assets classes to the platforms used.
During this time, we have dealt with nearly all asset classes (FX/MM, interest/loan/equity derivatives, bonds/securities) and represented them in system solutions of various vendors.
We are currently supporting a German state bank in the migration of its FX/MM business and the introduction of environmental products (including gas and electricity products) to Calypso. For another major German bank, we rolled out Calypso as a back-office solution for FX/MM business for the individual foreign branches. At the same time, we introduced a new ETD back-office system with XTP as a replacement for Rolf & Nolan (both vendor ION).
Trading- and settlement platforms
LoanIQ has established itself as the central IT solution at many financial institutions in the area of wholesale banking.
We have supported banks in the integration and development of LoanIQ, with the significant challenges being the adaptation of the standard software to the specific requirements of credit business pursuant to the German Banking Act (KWG).
At present, we are supporting a major German bank in the adjustment of its LoanIQ solution to the upcoming adaptations due to the planned IBOR replacement.