US software solutions vendor Financial Sciences Corporation has launched ATOM V8.9, treasury management software that includes comprehensive support for over-the-counter (OTC) and exchange-traded commodities.
ATOM Treasury & Risk, the company’s enterprise treasury management system (TMS), automates and integrates an organisation’s core treasury processes. The system provides real-time visibility of global cash, risk and compliance from one integrated web-based platform.
Financial Sciences said that the addition of complete lifecycle support for OTC and exchange-traded commodities “further enriches the system’s already broad instrument coverage, which currently includes all types of cash, investment and debt instruments and structures.”
“Although there is a need in the market, few treasury management software vendors offer solutions that can properly handle commodities,” said Keith Raymond, director of sales and marketing at Financial Sciences.
“With the new release of ATOM and its support for agricultural, energy, metals, and financial futures and options on futures, Financial Sciences provides a truly comprehensive and functionally rich system. In addition, since ATOM is completely integrated, the new instrument types are supported by ATOM’s hedge accounting functionality.”
Data from S&P Global Market Intelligence suggest that the German lender is struggling to meet capital and earnings figures.
Data from Swift’s latest RMB tracker shows exceptional growth in RMB adoption in the United Arab Emirates (UAE), witnessing a 210.8% growth in payments value of the currency since August 2014, albeit from a low base.
Sentiment in the financial services sector deteriorated in the three months to September, as firms digested the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union (EU), according to the latest CBI/PwC Financial Services Survey.