Dec 2016, Singapore
FinIQ is pleased to announce the successful upgrade of four of its major clients, all on the same day. Each of the projects were executed over an average period of seven months and all went live as planned.
The first client is a major Asian retail bank that upgraded its DCI, bond and retail structured products core, the second client is a local bank that upgraded DCI and rolled out FinIQ's FX spot module. The third client upgraded over ten different legal entities spread across Asia, Japan and Australia. The fourth client is a merger of two leading Asian private banks with offices in Singapore, Hong Kong and Dubai and is involved in automated migration of highly complex trades such as target redemption forwards and FX pivots.
Shodhan Shah, FinIQ's Director in Singapore says, "It is always important to upgrade clients after five year cycles to keep them at par with prevailing technology trends and latest Microsoft dotnet frameworks. Over 2,000 bankers across the four banks will reap benefits from these upgrades. Earlier this year, we upgraded two other clients in a flawless manner. Transactions, reference data and interfaces which were operational for years were revamped and all these upgrades happened over a weekend! This time, we had four of these experiences on the same weekend and all went well; which was a major achievement for us and our clients."