Nomura Research Institute Awarded "Best Utilities Technology" award 2017

Nomura Research Institute Awarded
24.02.2017 09:45 am

Nomura Research Institute Awarded "Best Utilities Technology" award 2017

IT Innovations , Financial

Nomura Research Institute (NRI) is an advanced provider of consulting services and system solutions. Today it has announced that its Valuable OTC Products and Liquidity Control System (VOLCS) received the Best Utilities Technology award at Fund Technology and WSL Awards 2017.

NRI’s VOLCS offering provides a multipurpose management system for financial institutions. Specifically, it establishes strong due-date management for structured bonds and OTC derivatives and cash management. Being designed for financial institutions, the solution can also be separated and utilized individually by non-financial firms.

Most recently, structured bonds and OTC derivatives have been receiving more attention due to the effects of stock price changes and Japan’s negative interest rates. Both financial products are complicated and require detailed calculation and settlement day management, causing a major operational and financial burden to financial institutions.

VOLCS enables its users to reduce the operational burden significantly, which will result in increased trading volume. As well as provides the option to reallocate their resources from due day management to strategic division for more sales power. A couple of major financial institutions have already adopted VOLCS since its launch last year.

“Financial institutions across the globe are looking to drive efficiencies in their day-to-day operations with innovative technologies to lower their cost burden, ease management challenges and increase their bottom line,” said Minoru Yokote, Senior Managing Director of NRI.

“NRI is committed to distributing our system solutions and consulting services that are industry-leading in Japan across the global marketplace to address these key challenges, and it is an honor to be recognized for our contribution.”

The Fund Technology and WSL Awards recognize technology solution and providers catering to asset managers and institutional traders that have demonstrated exceptional customer service and innovative product development over the past year. 2017’s event has been expanded to recognize the efforts of technology providers, data specialists, and exchanges meeting the needs of the wider asset management community, particularly mutual funds.

 

 

Related News

Saxo Bank announces white label partnerships with five Danish banks

Saxo Bank and five Danish SDC member banks (Sparekassen Vendsyssel, Sparekassen Thy, Middelfart Sparekasse, Frøs Sparekasse and Jutlander Bank... Read more »

Business finance is yet to shift to reflect widespread remote working, research reveals

The global sweep of COVID-19 has meant a fundamental shift for businesses; travel restrictions and mandated social distancing have meant, in a short space of time, huge swathes... Read more »

High-speed, high-volume data transfer facilitated by 5G will enhance industrial operations in connected factories

Frost & Sullivan’s recent analysis, Role of 5G Communication Revolutionising Industrial Internet of Things, finds that the... Read more »

Forecast by Robocash Group: 5G will boost financial inclusion in emerging markets in Asia

Driving improvements in the digital space, 5G has accelerated financial inclusion in emerging markets in Asia. Analysts of the financial holding ... Read more »

Venture Summit Virtual Connect | Global - Where Innovation Meets Capital

Meet, interact and network online with more than 1,300 VCs, Corporate VCs, angel investors, industry execs and founders of venture backed, emerging and early stage companies at... Read more »

LzLabs and T-Systems Team Up to Drive Mainframe Transformation

LzLabs today announced an Agreement with T-Systems, one of the world-leading cross-manufacturer digital service providers,... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel