Press Release
Principia Partners builds Asian presence with FinIQ alliance
Strategic partnership with Singapore-based IT consultancy enhances Asian sales and support capabilities
Jersey City, New Jersey, 4 December 2002 - Principia Partners LLC, a leading provider of full front-to-back office systems for global capital markets, has joined forces with FinIQ Consulting to market and implement its solutions in the Asia Pacific region.
Combining FinIQ's systems integration expertise and knowledge of the Asian marketplace with Principia's advanced derivatives capabilities, the partnership provides a powerful portfolio management solution for Asia's structured finance market. FinIQ will offer sales, integration and consulting services to Principia's Asian customers. As well as helping to implement the application with clients' existing infrastructure, the firm will advise users on business process re-engineering and operational risk management.
Deteriorating credit quality has made structured products particularly attractive to Asian investors. David Boldon, head of global sales and marketing for Principia Partners, comments: "This demand, driven by the need for improved yield and improved credit risk management, has prompted Asian banks to seek advanced systems that can effectively manage the trading and risk of a wider range of assets, liabilities and derivatives on a single, integrated platform. Principia's unique end-to-end portfolio management solution, backed up by IT support and consulting from market experts such as FinIQ, can help banks adapt to this challenging environment."
Milind Kulkarni, managing director of FinIQ, says: "We look forward to working closely with Principia clients in Asia, aligning the system to their business needs and enabling them to make the most of its impressive capabilities."
About Principia Partners
Founded by a group of finance and technology professionals,
Principia Partners offers a fully integrated front to back office
solution for management of financial assets, liabilities and derivatives.
The Principia System covers fixed income (including ABS/MBS and GICs),
foreign exchange and equity-indexed products. The sub-ledger facilitates
full compliance with both FAS 133 and IAS 39 accounting regulations.
Principia's target market consists of capital markets groups requiring
sophisticated and flexible processing capability on a robust, yet
customizable platform. For more information about Principia, see
www.principiapartners.com.
Principia Partners is headquartered at the Harborside Financial Center, Jersey City, New Jersey, USA.
About FinIQ
FinIQ specializes in selling and implementing packaged software
solutions, integrating the new software with clients legacy systems.
Its understanding of financial technology is complemented by a
thorough knowledge of the derivatives market and the issues affecting
financial institutions in Asia. FinIQ also offers the FinIQ solution,
a best-of-breed structured deposits solution that supports a broad
range of option-linked deposits. For further information about
FinIQ, see www.finiq.com.sg.
FinIQ is headquartered at Suntec City, Singapore, with a second office in India.
For press information contact:
Shamira Alidina
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