National Bank of Slovakia goes live with Wallstreet Suite

The National Bank of Slovakia (NBS) has gone live with Wallstreet Suite. NBS chose Wallstreet Suite to help support:

• NBS reserve management operations and settlement of ECB reserve management operations.
• Management and comparison of portfolio risk figures to selected benchmark.
• Monetary policy operations including domestic and cross-border collateral management via SWIFT.
• Asset assessment, auctions and specific reporting requirements.
• Implement a fully automated straight-through processing (STP) from front office through back office to accounting.
• Compliance with eurozone standards.

Wallstreet worked in partnership with PreFIS, which led implementation and client support in the region. PreFIS has worked with Wallstreet in the region over a period of eight years and has now been the partner in many central bank and debt management implementation projects, including ARDAL in Slovakia (Debt and Liquidity Management Agency), Central Bank of Finland, Netherlands, Chile, Bundesbank, ECB, EIB, Ministry of Finance Croatia and many financial institutions all over the world. PreFIS acts as Wallstreet’s business partner in the field of sales, implementation, content and technical support for Wallstreet’s treasury management clients.

Teemu Virtanen, director of government sales, Wall Street Systems, said: “By using Wallstreet Suite, the NBS will benefit from a system that has been tailored to meet the needs of the central banks in the Eurozone. We are delighted to be working with PreFIS in supporting the bank at this time.”

Viera Bieliková, CEO at PreFIS said: “The power and flexibility of Wallstreet Suite makes it the natural choice of central banks and debt management offices and we have perfected implementation to meet the regulatory, technological and strategic requirements of our clients.”

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