News flash

This area contains short form news about Login activity:

• October 2011: Union Bank Nigeria (UBN), Lagos Nigeria, has selected AcumenNet, to manage its treasury operations. AcumenNet will be used for the deal capture, position monitoring, limit checking and risk evaluation of FX, Money market and Bond deals. When it goes Live, UBN will be the first Login client to use exclusively AcumenNet, the web based version of Acumen. To ensure complete STP, AcumenNet will be integrated with Reuters web trading and OFSS Flexcube Back Office systems. AcumenNet will go live beginning of 2012.
• September 2011: Intesa San Paolo Bank Albania (ISPBA) has gone live on Acumen release 7.65 in its head office in Tirana. Acumen is used as a Treasury Management System to cover front office and risk management requirements. All types of deals are managed, including Money Market deals, FX and securities. Straight-through processing has been set-up to allow deals to flow directly to Oracle Flexcube, ISPBA's back office and core-banking system. The integrated and scalable front-to-back office solution helps ISPBA automate deal flows to reduce operational risk and ease reporting.
• August 2011: ACUMEN release 7.70 is now available for use by clients. It is available as usual under Sybase, Oracle and Microsoft SQL environments. It includes as main features the first phase of the development of islamic deals, a complete management of portfolio limits making it easy to follow daylight limits, stop/loss limits, position limits, etc, and also a nice feature to check the changes of a single field of the database, allowing for example to view only rating information changes on the "Counterparty" table. It is running in production in Helsinki and in two African sites, and another client in Finland will go live soon. Click on the link on the home page to read more about the new release.
• July 2011: CHASE BANK, Nairobi, Kenya has gone live on Acumen. This is another site where LOGIN-Acumen and OFSS-Flexcube are used alongside, with multiple interfaces guaranteeing an integrated straight through processing. Acumen, operated by twelve users, performs all front office and risk functions required by CHASE BANK to automate its treasury operations.
• June 2011: Login has worked with Nordic Investment Bank (NIB) Helsinki, to implement ProtoColl, the collateral management solution from Omgeo. Interfaces between Acumen and ProtoColl have been designed to maximize straight through processing, and ease the collateral valuation process. Static data, rates, deals and valuations are extracted from Acumen and sent to Protocoll which in return sends collateral deals. The excellent co-operation & collaboration in the project delivery team allowed to maximise efficiency and implement the solution in less than 3 months.
• May 2011: Zambia National Commercial Bank (ZANACO, Lusaka, Zambia) has gone live on Acumen release 7.70. The solution helps the bank manage its treasury and sales Forex and Money market operations, on a single platform. It also helps Zanaco increase operational efficiency, STP and reporting. Using an integrated and scalable front-to-back office solution (thanks to a powerfull integration to OFFS-Flexcube for the Back office part) for cash, liquidity and forex management helps banks, like Zanaco, achieve higher levels of automation and lower transaction costs.
• March 2011: Intesa San Paolo Bank Albania (ISPBA) has selected Acumen as its Treasury Management System. It will be used by the Bank to handle the front office and risk management parts for FX, MM deals, repos and securities. Acumen will be running along with Oracle FSS Flexcube system, currently used at ISPBA for its back office and core-banking facilities.
• February 2011: Intercontinental Bank Ghana (IBG) has successfully implemented Login-Acumen as its Treasury Management System. Acumen is used by IBG to handle the front office and risk management parts of FX and MM deals. The bank uses Acumen in its headquarters in Accra. Acumen is interfaced STP with OFFS-Flexcube, implemented by our local partner FASYL.
• January 2011: Implementation of Acumen has started for CHASE BANK, Nairobi, Kenya. Acumen will cover their full treasury front office requirements for FX, MM and securities. Islamic deals management will also be integrated in a two step phase for this new client. On this project, LOGIN consultants are working alongside consultants from BFSI Consulting, an Indian company focused in supporting Flexcube, which will handle the back office part of operations. Go live is planned before the summer.
• October 2010: Implementation of Acumen has started for Intercontinental Bank in Accra, Ghana. Acumen of LOGIN and Flexcube of OFSS will be used STP, for FX, MM and securities. On this project, LOGIN consultants are working alongside consultants from FASYL (LOGIN already cooperates with FASYL on the Skye Bank implementation in Nigeria). Acumen will fully cover their treasury front office requirements, while Flexcube will handle the back office part of operations. Go live is planned beginning of 2011.
• September 2010: LOGIN participated in an important project run by a German bank to create an "AIDA" structure, i.e. a bank set-up to store risky or low value assets of all types. An independant database has been created, and selected deals (bonds, swaps, options) transferred to the new structure. For this purpose, a lot of consulting services have been provided by LOGIN to the client.
• August 2010: Fasyl Technology Group which is headquartered in Lagos was chosen by LOGIN SA in July 2010 as its implementation partner for West Africa. Fasyl has an active business in Nigeria, Ghana and Cote d'Ivoire. Fasyl will provide valuable assistance to implement Acumen in partnership with us in this part of Africa. Two projects are underway right now in Nigeria and Ghana. Fasyl is also the regional distributor of OFSS' Flexcube UBS, for many years.
• July 2010: Implementation of Acumen has started for ZANACO in Lusaka, Zambia. Acumen will be used for the treasury operations (FX/MM), securities and order management. Acumen will handle the front office and risk management, with STP to Flexcube. Go live is planned last quarter of 2010.
• June 2010: ACUMEN release 7.60 is now available for use by clients. This new release contains mainly the complete management of open maturity MM and repo deals, and several security features to satisfy audit and control requirements. It is running in production in Bahrain and used for the implementation of 3 African sites. Click on the link on the home page to read more about the new release.
• May 2010: Maurice Thompson has joined Login to replace Laurent Piche, as the Login representative in Miami. He will support the American clients in their everyday use of Acumen (Laurent will return to Login Paris offices). After several years at CIBC, Jamaica, he then joined FCIB (First Caribbean International Bank, Jamaica) in 2002. He worked in the Liquidity Management, and Treasury Middle Office departments, first as an officer and then a manager. He also played an important role in the Acumen/Flexcube implementation at FCIB (specs, testing, training).
• April 2010: ACUMEN release 7.50 is now available for use by clients. This new release contains many different features in terms of Deal Capture, Risk Management, Back Office and Technical aspects. It is running in production in 2 european sites in Finland and Germany. Click on the link on the home page to read more about the new release.
• March 2010: Implementation of Acumen has started for SKYE BANK in Lagos, Nigeria. Acumen of LOGIN and Flexcube of OFSS will be used STP, for FX, MM and securities. On this project, LOGIN consultants are working alongside consultants from Finance Application Systems Limited (FASYL), a Nigerian company which is primarily geared towards providing support services for finance software systems such as Flexcube. Acumen will cover their full treasury front office requirements, while Flexcube will handle the back office part of operations. Go live is planned end of 2010.
• February 2010: Diamond Trust Bank (DTB) has successfully implemented Login-Acumen and AcumeNet systems for its Treasury Management System. Acumen is used by the Bank to handle the front office and risk management parts of FX, MM deals and securities. AcumeNet handles the order management part. DTB uses Acumen and AcumeNet in its headquarters in Kenya. It is planned to have the solutions deployed as well in Tanzania, Uganda and Burundi in the near future.
• January 2010: IDB Bank has started the implementation of ACUMEN for its treasury operations in the UK. This is part of a common deal with Flexcube of OFSS to deliver corporate, retail and private banking services from a single platform.
• November 2009: Diamond Trust Bank (DTB) has selected Acumen for its Treasury Management System. It will be used by the Bank to handle the front office and risk management parts for FX, MM deals and securities. Acumen will be running along with Oracle FSS Flexcube system, currently used at DTB for the treasury back office. DTB is located in Kenya as well as in Tanzania, Uganda and Burundi.
• October 2009: LOGIN and it's partner OFSS (Oracle Financial Solutions Services, former i-flex) are continuously enhancing the interfaces between their two systems Acumen and Flexcube to ease STP. A new Java application server is now used to transfer the XML streams from Acumen to Flexcube and vice versa. This new technology provides a more modern, more secure transfer tool. Both companies also work on increasing deal coverage: in addition to previously existing FX, MM and security deals (including static data), a complete set of derivatives is now managed through the interfaces: Swaps, options, FRAs and also futures are fully managed, with deal information transfers both ways in real time, and Present Value or price upload from Acumen to Flexcube. This complete and reliable STP serving all types of instruments is available only for the sites running Flexcube release 10.
• September 2009: It is with great sadness that Login announces the very unexpected death of Yan Hiff on September 29. Yan was a member of our implementation and development team for the last ten years. Our thoughts are with his family and friends.
• July 2009: ACUMEN release 7.30 is now available for use by clients. It is running live in one client site. This new release contains many different features in terms of Deal Capture, Risk Management and Back Office. Click on the link on the home page to read more about the new release.
• April 2009: A new set of structured products can be valued using the Acumen-NumeriX solution: the features of the new Acumen and NumeriX releases include support for inflation-linked products using the Jarrow-Yildirim model; extended support of equity-linked notes (basket performance type); and several miscellaneous features for interest rate and FX structured products. The Acumen-NumeriX solution is live at two client sites.
• February 2009: The LOGIN web site has been completely updated, with mainly graphical enhancements (note the Paris La Défense skyline on top, and the Miami skyline on the bottom). New features will come in a later version. So enjoy surfing and please tell us what you think about it!

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