OpenLink Financial, Inc. (“Open Link”) (www.olf.com), a leading developer of cross-asset trading, risk management, operational and portfolio management software, has announced that the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) (http://www.fhlbatl.com), has selected OpenLink’s Findur solution to support its loan processing. FHLBank Atlanta will replace existing transaction processing tools with Findur, thus allowing end-to-end processing of all transaction types, coupled with an improved ability to create and deliver new product offerings.
Findur, OpenLink’s enterprise-wide front-through back-office process control and automation software, will help to facilitate FHLBank Atlanta’s “advance business” – the process of offering loans to its members coupled with related hedging, back-office and reporting needs. FHLBank Atlanta chose OpenLink after an extensive, hands-on evaluation and testing process.
Executive Vice President and Director of Financial Management Wes McMullan commented that Findur’s functionality – flexibility and customization, business process management tools, back-office support, workflow and monitoring capabilities – has positioned Findur as the ideal choice. “The Bank expects to benefit from the fully integrated solution that will provide a foundation for workflow improvements and increases in automation while helping to limit operational risk,” he said.
Added Kenneth Knowles, Executive Vice President, Financial and Risk Solutions at OpenLink, “We are delighted to have FHLBank Atlanta join our global financial services client base. FHLBank Atlanta’s selection of OpenLink affirms the success of our ongoing strategic investment in developing a superior trading, risk, and portfolio management solution suite for the financial community. We are confident that the Bank will see tremendous benefits from Findur’s extensive standard instrument coverage, hybrid instrument modeling capabilities, and workflow support throughout the transaction lifecycle.”
About Federal Home Loan Bank of Atlanta
FHLBank Atlanta is a cooperative bank that offers affordable financing and other banking services to help more than 1,200 member financial institutions make affordable residential mortgages and provide economic development credit to neighborhoods and communities.
About OpenLink
Founded in 1992, OpenLink is a leading developer of cross-asset trading, risk management, and related operational and portfolio management software. OpenLink’s diverse client base of over 130 customers worldwide includes 10 of the top 25 largest energy companies by market capitalization, eight of the largest financial institutions and seven of the largest central banks, as well as major hedge funds and public utilities. Headquartered on Long Island, New York, and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, and Sydney, OpenLink has more than 620 employees worldwide.
Contacts:
Stephen Amador, +1 (516) 394-1274
Director
of Marketing
samador@olf.com
or
Penrose
Financial, Ltd.
John Sarsfield, +44 (0) 207 786 4830
Account
Executive
johns@penrose.co.uk
