This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Belfius Reduces Risk And Increases Back-office Trade Flexibility With Autonomy, An HP Company

PALO ALTO, Calif., Oct. 17, 2012 /PRNewswire/ -- Autonomy, an HP Company, today announced that Belfius, a leading banking and insurance institution based in Belgium, has selected Autonomy Scrittura to provide an end-to-end platform for its post-trade automation.

Belfius, formerly Dexia Bank, offers a wide range of financial services to individuals and businesses, including over-the-counter derivatives, foreign exchange, money markets and securities.

With Autonomy Scrittura, Belfius has a single platform that provides end-to-end management for its back-office trade confirmations. Belfius was previously using a range of disparate confirmation systems. The bank needed to consolidate these into a single system that would allow its end users to take ownership of key business processes such as template management, document generation, reporting and document management. The project helps make the bank's system more flexible, while also helping it adapt to increasing trade volumes and facilitate the onboarding of new products.

"Because we operate in an extremely fast-paced sector, we have a strategic need to reduce complication in the trading process, while still controlling the risk factors," said Johan Roels, head, Transaction Services and Organization Financial Markets, Belfius. "Autonomy Scrittura helps us cut through the complexity and reduce both our risk and costs, and gives us a single platform to meet our present and future needs."

Through the implementation of Scrittura, Belfius has been able to substantially reduce processing times for all trade types. Scrittura also has helped to mitigate risk through end-to-end management of trade documents, and has enabled end users to take control of key activities. Belfius' users directly maintain trade confirmation templates in four different languages and, with Scrittura, have been able to reduce the number of templates from more than 200 to just 75.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs