Systematics Financial Services Inc., signed a five-year agreement to provide wholesale investment banking software for Banco Nacional Ultramarino SA in Macao, a branch of Banco Nacional Ultramarino of Portugal, which lists assets of $6 billion.
Little Rock, Ark-based Systematics will provide investment banking software, including systems to process foreign exchange, money market, and trade finance operations.
In another contract, Dao-Heng Bank of Hong Kong signed a long-term agreement with Systematics for retail banking software and services. Dao Heng is one of the largest local banks in Hong Kong with 88 branches.
The bank will replace its current system and modernize branch procedures to offer more services to its domestic and foreign customers.