SwapsTech, the fastest growing Capital Markets and Banking Solutions provider and the new leader in Foreign Exchange solutions, today announced that it has signed a Software Services Agreement to provide Inter National Bank its cloud-based, end-to-end foreign exchange platform. Inter National Bank will use the FX STAR™ suite of products to digitize the operational processes, improve efficiencies, and enable electronic access to both branches and online customers.
About the Solution
SwapsTech will provide the full-service implementation and software hosting to address Inter National Bank’s Foreign Exchange Sales, Trading, Risk Management, and Post-Trade Processing of International Wires while complying with Regulatory Requirements. FX STAR™ will digitize the wire process, optimize controls, and increase efficiency while providing straight through processing. The solution leverages some powerful cutting edge technologies including Robotic softbots to automate repeatable manual processes, reducing human errors and improving efficiency. It 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 and branch network – FX STAR™ Branch, all of which will run on an SSAE16-certified private cloud platform for Inter National Bank. Keep on reading!