Los Angeles – 26 October 2016
SwapsTech today announced that it has signed a Software Services Agreement to provide the bank its cloud-based, end-to-end foreign exchange global payment platform, multi-currency accounts, and loan processing system. SwapsTech will deliver leading-edge solutions to Manufacturers Bank customers looking to leverage the new foreign exchange global payments technology.
SwapsTech will provide full-service implementation and software hosting to address Manufacturers Bank’s Capital Markets Trading, Risk Management, Post-Trade Processing while complying with Regulatory Requirements. This solution is a cutting-edge cloud service that digitizes the workflow to optimize controls, and increase efficiency while providing straight through processing. The solution leverages some powerful, cutting edge technologies, and includes the foreign exchange trading and risk management system FX STAR™ Desk, post trade processing system FX STAR™ Office, client facing portal FX STAR™ Web, multicurrency accounting system MCA STAR™, and multi-currency loan processing system LOAN STAR™, all of which will run on a private cloud platform for Manufacturers Bank.