ATLANTA--()--For correspondent bankers and broker-dealers looking for straight-through processing software at affordable prices, Nymbol Technology is now offering a suite of products based on the most efficient and popular systems ever developed. Designed from the ground up by finance and technology experts at one of the nation’s largest correspondent banks – and who are now with Nymbol Technology – the product suite has resided on 20,000 desktops in more than 1,400 institutions and remains unmatched by competitors due to its substantial cost savings and superior design.
“We are already experiencing tremendous demand as customers realize the products are available and have now been upgraded to reside in the cloud.”
“This software is a proven leader in straight-through processing for broker-dealers, financial institutions offering correspondent banking services and central banks, and is extremely popular with users,” said Tom Bryan, president and CEO of Nymbol Technology. “We are already experiencing tremendous demand as customers realize the products are available and have now been upgraded to reside in the cloud.”
Nymbol’s web-based products are fully automated and deliver the highest level of customer service with the lowest operating and staffing costs. The company has launched three software suites:
1) Broker-Dealer: Nymbol’s modular software design provides trade processing, settlement, safekeeping, inventory, compliance and fee/commission tracking modules with a single point of entry. The software improves data accuracy and minimizes staffing needs for broker/dealers, wealth managers, investment advisors, dealer banks and trust companies.
2) Correspondent Banking: The scalable software suite – currently in use by one of the nation’s fastest growing correspondent banks – is the most comprehensive front-to-back solution available for correspondent banks, federal home loan banks, corporate credit unions, multi-bank holding companies and more. It allows customers to earn significant recurring fee income on transactions, capture large, low-cost deposit balances, consolidate payment channels into a single portal and increase operational efficiencies.
3) Central Banking: Delivered through Nymbol’s correspondent banking platform, the software provides all the functionality and security that a central bank requires to manage and account for the country’s investment portfolios, issue and track debt securities, process wire transfer and ACH files, and manage currency – within a framework of maximum IT security. The software’s end-to-end processing system and module integration make its operational costs the lowest in the industry.
Each Nymbol product is licensed directly to customers or delivered as software as a service (SaaS). The product suite can be implemented one module at a time and the company provides personalized training and support to customers. In addition, each information and software transfer is compliant with Sarbanes-Oxley requirements for control activities and environment, information and communications systems, and monitoring activities.
“Nymbol is committed to helping our customers maximize operating and transactional efficiency at the lowest possible cost,” Bryan added. “Best of all, the software allows users to increase profits by growing their throughput without staffing increases.”
About Nymbol Technology
Headquartered in Atlanta, Nymbol Technology develops and markets integrated straight-through processing software for securities brokers and dealers, financial institutions offering correspondent banking services and central banks. Each Nymbol product is licensed directly to customers or delivered as software as a service (SaaS) and can be implemented one module at a time. Nymbol’s web-based products are fully automated and deliver the highest level of customer service with the lowest operating and staffing costs. For more information, visit: www.nymboltec.com.