Capital G Bank Licenses Financial Software Systems' TMS
Capital G Bank, headquartered in Hamilton, Bermuda, has licensed the Spectrum
Treasury System from Financial Software Systems to manage its foreign exchange (FX), money market and interest rate hedging activities. Capital G Bank is privately held and provides personalised wealth management services for personal banking, business banking and private banking customers.
Spectrum is a position management system for FX, money market instruments, fixed income instruments, equities and derivatives. Capital G Bank will use Spectrum to manage its FX trading activity and its money market and repo activity. In addition, Capital G Bank will manage its forward rate agreement and interest rate swap hedging activity in Spectrum.
Spectrum will provide Capital G Bank with front-, middle- and back-office functionality, with straight-through processing (STP) of treasury transactions from deal-capture in the front-office to producing general ledger accounting entries in the back-office. It is built on Microsoft’s .NET platform.