Wall Street Systems Unveils ASP Solution
Wall Street Systems (Wallstreet) has announced the availability of the Wallstreet BackOffice via an ASP delivery model. This offers banks a volume-based transaction pricing model that is designed to produce competitive transaction processing costs, with those processing higher volumes benefiting the most. The company says that implementation times can be reduced by more than 60% and users have round-the-clock application management and support. Not only does this make the secure clearing and settlement system much more cost-effective, it also lowers the barrier to entry by making the software more accessible to the mid-tier players.