- Banca Popolare Picks Misys
Banca Popolare di Milano (BPM; Milan) rolled out OPICS, the treasury, derivatives and capital markets solution from Misys Wholesale Banking Systems (London), for its subsidiary in Dublin. The bank went live with OPICS in January, bringing control of its accounting functions in-house.
- E*Trade Rolls Out Risk Tool
New York-based E*Trade Financial is implementing Yodlee's (Redwood City, Calif.) newly launched turnkey risk management product to provide real-time account verification to users of E*Trade's online service, QuickTransfer. Yodlee's Instant Account Verification software is based on its core iFinity aggregation platform, which accesses personal account data from online sources, including banks, brokerages, credit cards, insurance providers, billers and lenders.
- IBK Implements Summit
Industrial Bank of Korea (IBK, Seoul) implemented Summit System's (New York) Summit FT system for trading and risk management, covering interest rate derivatives, equity and FX options. The bank also installed Summit System's Must tool for structuring and processing exotic products. The tool has been combined with Summit's Brace-Gatarek-Musiela (BGM) pricing model to enable the bank to take advantage of the growing exotics market in South Korea.