Business Services Industry
Trema Optimizes High Transaction Volume Management with HP
Business Wire, Sept 7, 2006
BOSTON -- Trema delivers competitive advantage, cost savings through new technology solutions
Trema, the leading provider of treasury and asset management software (now part of Wall Street Systems) announced today that it is delivering a new standard in treasury and cash management with technology from HP. The offering is expected to bring significant cost savings and increased transaction volume handling to financial institutions and corporations worldwide.
Based on HP's flexible Adaptive Infrastructure technologies, TremaSuite(TM) has been shown to deliver significant cost savings(1) to customers. Compatible with UNIX, Linux, and Windows-based servers, TremaSuite(TM) enables true Straight-Through Processing (STP), delivering up to 2,250 transactions per minute without sacrificing the accuracy of each individual transaction.
Because of the increased throughput created by the Trema solution combined with HP technology, corporations and financial institutions can easily increase the volume of activity without experiencing delays or downtime. This is particularly important for high volume foreign exchange and complex trading, where speed and accuracy are essential. The system is also scalable for roll out globally to subsidiaries at large companies; fully automated, it also reduces risk and helps ensure accurate reporting for financial compliance.
"The Trema-HP alliance is indicative of further maturation of the FinTech marketplace," states Jeanne Capachin, Research Vice President at Financial Insights-IDC. "Strategic alliances such as these foster the kind of innovative thinking and cost savings that demonstrate true ROI for the treasury."
"The treasury in banks and corporations plays a critical role in global transaction and risk management," said Don Jenkins, vice president of marketing, Business Critical Servers, HP. "HP is committed to working with partners to further bolster the strategic importance of treasury technologies."
"Our customers, which include the world's largest central banks and corporations, demand treasury and cash management technologies that move at the speed of their businesses" said Michele Fitzpatrick, managing director for sales and account management, Wall Street Systems (formerly CEO of Trema). "We have bolstered the performance of our award-winning solutions to deliver even greater cost savings and increased transaction processing capabilities for our global customer base."
Notes to Editors
ABOUT WALL STREET SYSTEMS
Wall Street Systems has a 20 year heritage and track record of providing treasury and high performance transaction processing software to the world's leading financial institutions and corporations. The company has an outstanding reputation for quality and responsive service, and prides itself in helping its customers achieve long lasting benefits and results.
Wall Street Systems is best known for providing functionally-rich, integrated and scalable solutions, which improve workflow, control and greatly reduce transactions costs for customers. The company is the market leader in foreign exchange transaction processing and is widely recognized for its global back-office solutions. Its award-winning and popular TremaSuite(TM) and TremaOne(TM) treasury management products are used by leading organizations around the world.
Wall Street Systems has 500 employees servicing over 300 banking, corporate and central bank customers, operating out of 12 offices worldwide. Our software processes millions of transactions, aggregating to trillions of dollars every day.
Wall Street Systems is a privately held corporation, which is majority owned by Warburg Pincus, a global private equity investor. For more information, please visit www.wallstreetsystems.com
(1) Up to 88 percent cost savings has been observed. Source: Treasury Leadership Council Benchmarking & Research. IDC: May, 2003.
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