As Open Link Financial declared today Europe Arab Bank (“EAB”) has gone into production with Open Link`s Findur application for their treasury and capital market businees. “We wanted to have a fully automated trade processing capability for all of our current asset classes, including foreign exchange, money markets, fixed income, loans and deposits and their associated derivatives,” said Antoine Srieh, Managing Director at EAB.

Findur is an advanced solution that offers wide asset class coverage and a depth of functionality and provides a quantifiable return on investment, while overall cost of ownership. Firms can achieve huge operational benefits and costs savings. It also replaces a number of legacy systems with one streamlined application used by over forty users in front, middle and back offices. In one platform, we have the ability to manage market, credit, and operational risk as well as regulatory and head office reporting while being fully integrated into automated trading and settlement systems, said Mr. Srieh.

Besides, the Findur application can offer companies a single framework and a solution that is dynamic, scalable and adaptable with extensibility for any organization looking to manage their business nowadays, stated Kevin Hesselbirg.