Wachovia Enjoy the ARTS
Wachovia Bank has purchased Anvils’ ARTS platform for use in its collateralized financing desk. Installation started in May and ARTS is now live at Wachovia. The company also plans to install the Anvil Carry system. According to Anvil, the auto-allocation features of ARTS will enable Wachovia to make better use of its available collateral and therefore contribute significantly to the bank’s aggressive business expansion plans.