Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


WGZ BANK Goes Live With Broadridge PROactive Solutions Bundle for Process Automation
Enterprise reconciliation and matching solutions significantly increase bank's straight-through-processing rates to improve operational efficiency and reduce exposure to risk

LAKE SUCCESS, N.Y., Nov. 27, 2012 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that WGZ BANK, the central institution to local cooperative banks in Germany's Rhineland and Westphalia regions, has successfully gone live with three modules from Broadridge's PROactiveTM suite of enterprise reconciliation and matching solutions.  The solutions enhance operational efficiency and help reduce risk exposure for WGZ BANK by increasing straight-through-processing (STP) rates.

(Logo: http://photos.prnewswire.com/prnh/20110920/MM71626LOGO)

Following a collaborative implementation, PROactive FaxMatch and PROactive Conversation Checker have now fully automated WGZ BANK's previously manual processes for paper- and conversation-based trade confirmation matching.  In addition, PROactive Fee & Commission Manager has significantly advanced the bank's management of brokerage fees and commissions and provides a full, consolidated view of complex payments and receipts.

"We needed to accelerate our processes for paper confirmations.  The Broadridge solutions contain very sophisticated features, such as the ability to match specially created bar codes on faxes in order to improve accuracy of execution.  Since the implementation, we have seen both impressive increases in our STP rate and the ability to more quickly detect potential errors," said Thomas Ogilvie, IT Product Manager, WGZ BANK.  "We no longer need to archive paper confirmations, and our regulatory reporting obligations are met through the provision of electronic storage, auditing, and easily retrievable conversations and tickets.  We are extremely satisfied with the results of the solutions set."

The bank's resident trade system needed the ability to easily check and settle all types of broker invoices – a recurring issue particularly for swap deals.  The Fee & Commission Manager solution has enabled full control of commissions and fees, and ensures that the information required to manage payments and receipts across all financial instruments, entities and trading partners is readily accessible.

PROactive FaxMatch processes faxes, emails and paper confirmations with the same checks and controls as for standard electronic messages, and removes the printing costs and operational risk inherent with intensive, manual processing. PROactive Conversation Checker is a powerful tool for managing the deal capture and matching of Reuters and EBS conversational trading in the foreign exchange, money market and derivative markets.  The solution eliminates the manual and time-intensive checking of print-outs of these conversations and matching of trading activity that is open to errors and omissions.

"Clients are coming to Broadridge for our core matching solution to create cost efficiencies while securely enhancing their process controls," said Robin Kneale, Head of Strategy and Product Management, Securities Processing Solutions, International, Broadridge.  "This expansion of our relationship with WGZ BANK speaks to the reliability and success of our technology-driven solutions and customer service.  We are delighted with the success of this project and the significant improvements in efficiency our service has brought to WGZ BANK."

About WGZ BANK

Since 1884, WGZ BANK has been the central institution to local cooperative banks in Germany's Rhineland and Westphalia regions, with its head office in Dusseldorf, Germany's second largest financial centre. It supports and complements the services of its 200 member banks in both national and international business.  Apart from its traditional function as a central institution, WGZ BANK is a commercial bank, offering a wide range of customized and highly sophisticated services and products to corporates and capital market clients. As a wholesale bank, WGZ BANK plays an active role as a trading partner in the international money, forex, derivatives and capital markets as well as in bond issues and syndications.

About Broadridge

Broadridge is a technology services company focused on global capital markets. Broadridge is a market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $4.5 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions.  For more information about Broadridge, please visit www.broadridge.com.

Media Contacts:




Mike West

 Krista Eccleston

Broadridge

 Edelman

+44 20 7551 3224

+1 212-704-4438

mike.west@broadridge.com

krista.eccleston@edelman.com

SOURCE Broadridge Financial Solutions, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
Clearly, the buzz around wearable technology has to do with the hands-free user design – these smart peripherals allow for a better experience for certain functions. While consumers are not going to do away with their iPhones, tablets and computers anytime soon, wearables make sense as...
VisionMobile recently published one of the best reports on apps for vehicles that I have read. It is frustrating with how difficult it is to actually get an app approved for use in a car. Here are some of the unique challenges: Safety first considerations (like driver distraction) Lo...
There are a variety of opinions on the seriousness of Heartbleed being put forth ranging from "it's not the end of the world" to "the sky is falling, duck and cover." Usually the former cites the relatively low percentage of sites impacted by Heartbleed, pegged at about 17% or 500,000 ...
HTML5 is still one of the most discussed topics amongst us technical types. The key challenge, however, has remained unanswered for a long time. How do you effectively wrap HTML5 for use in native mobile applications? Unfortunately I do not have a universal answer, but I do have a s...
If the CEO of the company has anything to say about Lenovo's standing in the PC industry, the company won't stop until massive growth is achieved. In a series of recent buying sweeps, Lenovo has bought Motorola Mobility for a whopping $2.91 billion from Google and also acquired the ser...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE