UN FCU Automates SecuritiesTrading

June 14, 2006, 1:00 a.m. EDT 1 Min Read

NEW YORK - (06/14/06) United Nations FCU announcedMonday it has signed with FNX Solutions to install thecompanys web-based Sierra ASP solution for cross-tradingoperations in the treasury and capital markets. Sierra ASP'sback-office capabilities will improve the efficiency andproductivity of the operational staff at the UN by allowingseamless processing of transaction life cycle events and postsub-ledger accounts. UN FCU will be able to expand their investmentportfolio into many currencies, accomplish STP from trade entrythrough to general ledger, and will receive more accurate andtimely information to assess risk.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Apple Pay

Affirm, Klarna, deepen ties with Apple

The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.

By Joey Pizzolato

27m ago
NYDFS

NY regulator tells banks to monitor customers' crypto risk

State regulator says blockchain tools are key to detecting money laundering and sanctions violations.

By Carter Pape

48m ago
Payments

A battle over stablecoin caps is brewing in the U.K.

The Bank of England may cap ownership, drawing ire from crypto groups that claim that will hinder innovation.

By John Adams

58m ago
Visa

Visa targets wealthy consumers in the UAE

Visa is introducing a premium service to the Middle East, and Lloyds Banking says its cash protection product is showing results. Plus, Brex teams up with Doordash and more in the American Banker global payments and fintech roundup.

By John Adams

1h ago
Politics and policy

Senate report: KPMG ignored red flags before 2023 bank failures

A report from Democratic staff on the Senate Permanent Subcommittee on Investigations said accounting firm KPMG gave Silicon Valley Bank, Signature Bank and First Republic clean audits despite internal warnings, fraud allegations and apparent risks of failure.

By Ebrima Santos Sanneh

2h ago
Women in Banking

2025 The Most Powerful Women in Banking Top Teams

Each year, American Banker chooses five teams that embody the spirit of collaboration and illustrate how teamwork can have a substantial impact on a bank's top and bottom lines.

By Mary Ellen Egan

6h ago