Regions Bank Goes Live with Wall Street Systems' Electronic Settlement Network
Regions Bank has gone live as the first customer of Wall Street Systems’ electronic settlement network, Wallstreet ESN, a post trade processing utility for the capital markets. Regions Bank will be using Wallstreet ESN’s e-trading and e-operations functionality.
Wallstreet ESN will create processing efficiencies within the bank’s back office operations, improve straight-through processing (STP), and provide its corporate and asset management customers with an improved overall experience. The solution was delivered in exactly five months highlighting the benefit and ease of deployment of the hosted system.
Brian Anderson, product manager – Wallstreet ESN, said: “Regions Bank’s successful implementation of Wallstreet ESN signals an important change within the foreign exchange and cash markets. We are thrilled that Regions Bank is using Wallstreet to outsource its trade processing system, improve productivity, reduce costs and better serve its customers. Our project with Regions Bank confirms our judgment to invest in this part of the market, and we look forward to future successes.”