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Banks are racing to expand internet-based services which allow clients to conduct a broad array of transactional activities - well beyond checking balances and writing personal checks. Financial Software Systems has developed new products for internet delivery - at the branch and consumer level. Each of these products allow for increased sales opportunities while providing greater operational efficiency.


Retail FX


Spectrum's FX Dealing Portal is an internet banking portal that provides a direct bank-to-customer channel so that a bank's customers can obtain competitive and executable FX quotes. The Spectrum FX Dealing Portal is designed for banks that want to serve knowledgeable FX customers -- primarily corporations and fund managers -- that are sensitive to the FX prices that the bank is quoting. Spectrum's FX Dealing Portal is designed to support thousands of simultaneous users, and thousands of daily transactions over the internet. The FX Dealing Portal provides a consistent, controlled, and secure framework for banks to offer FX dealing and FX settlement services directly to their clients through the internet.

• Powerful, Automated Internet Pricing for FX Spot, Forward, Swap and Time Option Contracts
• Ability to Apply "Wholesale" and "Retail" Spreads to the Underlying FX Rates
• Support for Hundreds or Thousands of Pricing Scenarios
• Support for Hundreds or Thousands of Simultaneous Internet Users
• Request for Quotes, with Auto-Quoting and Dealer Intervention Fully Supported
• Tightly Integrated with Spectrum to Provide Real-Time Front-Office Risk Management
   and Complete Back-Office Processing, Including Electronic Payments and General Ledger Entries


Retail FX


Spectrum's FX Payments Portal is an internet banking portal that allows banks' customers to easily and efficiently prepare and process foreign currency payments. The Spectrum FX Payments Portal is designed for banks that want to offer their customers competitive FX prices and a user-directed and user-controlled process for requesting and processing FX payments.

Spectrum's FX Payments Portal provides a highly configurable and completely automated and secure framework for initiating and processing FX payments.

• Powerful, Automated Internet Pricing for FX Spot, Forward, Swap and Time Option Contracts
• Allow Clients to Organize Their Workflows for Making FX Payments
• Secure and Efficient Management of Clients' Standard Settlement Instructions
• Support for Hundreds or Thousands of Simultaneous Internet Users
• Request for Quotes, with Auto-Quoting and Dealer Intervention Fully Supported
• Tightly Integrated with Spectrum to Provide Real-Time Front-Office Risk Management
   and Complete Back-Office Processing, Including Electronic Payments and General Ledger Entries


Retail FX


Spectrum's FX Branch Portal is a web-based portal that allows banks to offer a comprehensive range of foreign exchange products through their branch networks. Using secure communications over the internet, the Spectrum FX Branch Portal efficiently connects the FX operations of a bank's branches directly to the bank's Treasury Department.

Spectrum's FX Branch Portal enables banks to easily offer customers FX services through hundreds of branches and thousands of tellers. The FX Branch Portal provides a consistent, controlled, and secure framework for offering FX services through a bank's branch distribution network.

•  Full Support for Foreign Currency Banknotes, Drafts, Wires and Travelers Cheques
•  Simultaneous Support For Hundreds of Bank Branches and Thousands of Tellers
•  Powerful Rate Engine Automatically Produces the Appropriate Price for All FX Transactions
•  Produces Customized Multi-Lingual and Multi-Part Transaction Confirmations in the Branches
•  Transaction Fees Automatically Calculated and Applied
•  Can Provide all Back-Office Processing, Including SWIFT Payments and General Ledger Entries
•  Can Update in Real-Time FX Positions, Risks and P&Ls in a Centralized Treasury Operation


Retail FX


Spectrum's Branch Sales Portal is a web-based portal that allows banks to sell (and buy) Bonds, Floating Rate Notes and Equities through their branch networks. Using secure communications over the internet, the Spectrum Branch Sales Portal efficiently connects the bank's branches and/or Financial Centers directly to the bank's Treasury Department for the sales of a variety of securities.

Spectrum's Branch Sales Portal enables banks to easily offer customers the ability to buy and sell securities through hundreds of branches and thousands of Tellers or Account Officers. The Spectrum Branch Sales Portal provides a consistent, controlled, and secure framework for offering securities through a bank's branch distribution network.

• Full Support for Selling (and Buying) a Broad Range of Notes, Bonds and Equities
• Simultaneous Support For Hundreds of Bank Branches and Thousands of Tellers
• Powerful Rate Engine Automatically Produces the Appropriate Price for All Securities
• Customers Can Partially or Fully Liquidate Their Investments Through the Portal
• Produces Customized Multi-Lingual and Multi-Part Transaction Confirmations in the Branches
• Can Provide all Back-Office Processing, Including Nostro, Vostro and General Ledger Entries


Spectrum


Built on Web service standards, Microsoft .NET-connected software makes the "real-time" enterprise a reality by enabling information to flow seamlessly, from Front- to Back-Office. Real-time processing delivers incredible value for on-line Portfolio Analytics, comprehensive Credit Limits and Collateral Management, and Desktop Alerts, all without having to wait while the system is updated. Using .NET-connected software also means users work more efficiently through the use of highly automated processes, with less time devoted to manual intervention or reconciliation.

• Built Using Microsoft .NET Technology
• Programming Languages are C# and C
• 4-Tiered Architecture for Speed, Reliability and Scalability
• Choice of MS SQL Server or Sybase for the Database
• Comprehensive Data Publishing
• Horizontally Scalable
• Seamless Integration via XML, with Standard Interfaces to Trading and Accounting Systems
• Highly Secure for Internal Operations and for Web Publishing