NASDAQ Comp.
29.08.2005 18:01:00
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Independent Bankers' Bank of Florida Selects SS&C Technologies' Lightning Capital Markets ASP Solution
Robert Metheny, Senior Vice President, IBB Investment ServicesGroup commented, "IBB is pleased to be teaming with SS&C as ourinvestment services operations provider. This alliance will enable usto offer our respondent banks easy access to investment reports andsafekeeping via the Internet, improve our response time to customerrequests and much more. We are confident that with SS&C in our corner,we will be able to deliver a higher level of service and take ourInvestment technology to the next level."
"We are pleased IBB selected Lightning to manage their growingvolume of correspondent investment activity," stated Bill Stone, CEOof SS&C. "Lightning offers IBB a comprehensive solution for theirfront-, middle-, and back-office processing, which will give them theability to compete effectively based on both functionality andaffordability. Delivering industry-proven solutions to high-caliberfinancial institutions like IBB drives our success and gives IBB apowerful advantage in implementing their growth strategies."
About Lightning(TM)
Lightning is a suite of best of breed products and services inone, fully integrated straight-through-processing solution. Lightning,a full service ASP solution, supports the front-, middle- andback-office processing needs of financial institutions of all sizesand complexity. It provides the latest in technology and integrationthat fully automates trading, sales, funding, accounting, riskanalysis, asset/liability management, portfolio management andsafekeeping, with demonstrated and verifiable underlying applications.
About IBB
Independent Bankers' Bank (IBB) is a state chartered FederalReserve Member Bank organized to provide financial services tocommunity banks. Chartered since 1983, IBB currently serves over 250community banks throughout Florida, Georgia and Alabama. IBB's broadrange of services includes credit, investment, operational, merchantcredit card processing, eCommerce and cash letter. In addition, IBBOutsourcing, a subsidiary company, provides a wide selection ofinternal audit and compliance services including loan review, riskassessment, and IT audit services. IBB is committed to providing theircustomers with valuable correspondent services that keep communitybanks strong and competitive in today's market. For more informationplease visit www.ibbfla.com.
About SS&C Technologies
SS&C delivers investment and financial management software andrelated services focused exclusively on the financial servicesindustry. With a global client base that manages over $7 trillion inassets, each of the products in SS&C's suite of highly specializedsolutions is in the top tier of competitive offerings in themarketplace. By leveraging expertise in common investment businessfunctions, SS&C cost-effectively serves clients in the differentindustry segments, including: 1) financial institutions, 2) commerciallending, 3) hedge funds and family offices, 4) insurance entities andpension funds, 5) institutional asset management, 6) municipal financeand 7) real estate property management. SS&C is publicly traded onNASDAQ under the symbol "SSNC". Additional information is available atwww.ssctech.com.
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