WINDSOR, Conn., June 15, 2010 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that Bank of the West has completed implementation of Lightning™, SS&C's full-service capital markets SaaS solution, to support the fixed income trading, sales and safekeeping services.
Headquartered in San Francisco Bank of the West expects to grow its capital markets business and implemented Lightning to deliver an integrated, straight-through processing environment. Lightning is a single integrated platform automating the sales, trading, safekeeping and reconciliation functions.
"As a leading provider of banking services, we want to demonstrate leadership about the technologies we use to attract and retain a range of clients including the larger institutions, and SS&C's Lightning helps fulfill our need for efficiencies and our clients' needs for value-added services," said Bill Goodeill, Senior Vice President, Treasury Operations Manager, for Bank of the West. "With a solid, proven and scalable technology solution in place, we now have greater potential to grow our fixed income and funding product suites."
"Lightning's capabilities are well suited to improve Bank of the West's productivity and customer service," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "Our advanced SaaS infrastructure, robust workflow solutions, and highly talented professionals combined with Bank of the West's strong team are the winning combination."
About Bank of the West
Based in San Francisco, $61 billion-asset Bank of the West (www.bankofthewest.com) offers a full range of business, corporate, personal, trust and international banking services. The Bank operates more than 700 branch locations and commercial banking offices in 19 Western and Midwestern states. Bank of the West's holding company, BancWest Corporation, is a subsidiary of BNP Paribas, among the six strongest banks in the world, according to Standard & Poor's.
About SS&C Technologies Holdings, Inc.
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. Additional information is available at www.ssctech.com.
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