NIBC deploys Inferno
July 23, 2019

Torstone Technology, a provider of post-trade securities and derivatives processing, reports that Netherlands-based NIBC Bank has successfully completed a migration to its post-trade processing platform, Inferno.

Torstone describes Inferno as a multi-asset, multi-entity cloud-based platform, covering trade capture, confirmation, settlement, accounting, corporate actions, reconciliation and regulatory reporting. It says it provides a fully integrated, feature-rich user experience for middle and back office staff, increasing straight-through-processing (STP) and reducing manual effort.

Inferno was selected to replace NIBC's legacy systems as the firm rationalises its operations to drive efficiencies across the wider business. Consolidating processes on Torstone's SaaS platform will also enable NIBC to benefit from Torstone's enhanced service model, resulting in reduced total cost of ownership.

Torstone adds that NIBC chose to implement Inferno following an extensive review period which demonstrated Inferno's capability to support NIBC's future growth aspirations and enable the firm to capitalise on business diversification opportunities. The implementation of the NIBC project began in January 2019, with the bank's equities and fixed income processes migrating to Torstone's platform in just six months.





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across assetman.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

Torstone Technology, a provider of post-trade securities and derivatives processing, reports that Netherlands-based NIBC Bank has successfully completed a migration to its post-trade processing platform, Inferno.

Torstone describes Inferno as a multi-asset, multi-entity cloud-based platform, covering trade capture, confirmation, settlement, accounting, corporate actions, reconciliation and regulatory reporting. It says it provides a fully integrated, feature-rich user experience for middle and back office staff, increasing straight-through-processing (STP) and reducing manual effort.

Inferno was selected to replace NIBC's legacy systems as the firm rationalises its operations to drive efficiencies across the wider business. Consolidating processes on Torstone's SaaS platform will also enable NIBC to benefit from Torstone's enhanced service model, resulting in reduced total cost of ownership.

Torstone adds that NIBC chose to implement Inferno following an extensive review period which demonstrated Inferno's capability to support NIBC's future growth aspirations and enable the firm to capitalise on business diversification opportunities. The implementation of the NIBC project began in January 2019, with the bank's equities and fixed income processes migrating to Torstone's platform in just six months.



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site

More on:  Technology update