California-based Bank of the West has deployed Lightning, a full-service capital markets SaaS solution from SS&C Technologies Holdings, to support the fixed income trading, sales and safekeeping services.
Following the completion of deployment, Bank of the West expects to grow its capital markets business and to deliver an integrated, straight-through processing environment.
According to SS&C, Lightning is a single integrated platform automating the sales, trading, safekeeping and reconciliation functions.
Bill Goodeill, senior vice president and treasury operations manager at Bank of the West, said: “With a solid, proven and scalable technology solution in place, we now have greater potential to grow our fixed income and funding product suites.”
Bill Stone, chairman and CEO of SS&C Technologies, said: “Lightning’s capabilities are well suited to improve Bank of the West’s productivity and customer service. Our advanced SaaS infrastructure, robust workflow solutions, and highly talented professionals combined with Bank of the West’s strong team are the winning combination.”