Citco Launches New SaaS Æxeo Treasury™ Solution on Amazon Web Services
The Citco Group of Companies (“Citco”), a leading global services provider for the financial services industry, today announced the launch of Æxeo Treasury, a Software-as-a-Service (SaaS) offering.
The new product, Æxeo Treasury is an inaugural “born-on-the-cloud” solution that gives alternative fund managers a state-of-art method of managing treasury functions through a SaaS tool running on Amazon Web Services (AWS). It adds value by improving operational efficiencies and workflows, and provides a secure, centralized module for treasury operations.
Æxeo Treasury is a stand-alone solution that enables firms to centralize their treasury functions, including funding investments, settling OTC trades and margin, making transfers between accounts or paying invoices, and other transactions through Citco’s SWIFT Service Bureau functionality. Additionally, this new platform offers unprecedented flexibility and utility by:
- Centralizing management and eliminating the need to log into individual bank portals
- Providing security, scalability and accessibility
- Providing global accessibility through all web enabled devices, including mobile
- Allowing collaborative and segregated user management workflows
- Supporting real-time SMS & Email notifications for specified users
Jay Peller, Head of Fund Services at Citco, commented “We continually partner with our clients to bring them innovation in technology. Æxeo Treasury is our latest SaaS-based technology tool which provides flexibility to support efficient middle office processing and frees our clients to focus on what makes them great – generating alpha. Citco’s commitment to technology excellence using our Fintech+ approach drives our leading-edge technology and continues to ensure that clients’ interaction and information assets are safe and secure. As our clients’ needs expand, so will our solutions. We remain dedicated to developing user-friendly and easy to implement products that create new levels of flexibility and customization. Citco is redefining best-in-class technology available in the Alternative Asset manager space.”
The new Æxeo Treasury product is available immediately and is fully integrated with AWS cloud services. Built using multiple AWS Availability Zones, it offers an added layer of security through RDS storage encryption with full features for SWIFT compliance.
“The move to the new Citco Æxeo Treasury product has improved both the workflow and security in our process simultaneously. This has increased the efficiency of our operations team and allowed them to better focus on more complex tasks.” Commented Citco’s client, Jonathan Isler, Partner and Chief Financial Officer at Deerfield Management.
Æxeo Treasury was developed by Citco’s in-house team of technologists, who combine Citco’s deep experience in developing award-winning technology products with the latest advancements in cloud-based technology to produce commercially available software. Citco’s commitment to service excellence using this Fintech+ approach will continue to ensure that clients’ interaction and information assets are safe and secure.
For more information on the product and other Citco technology offerings, please visit https://citco.com/our-technology/saas/aexeo-treasury.
-ENDS-
About Citco Group of Companies
The Citco Group of Companies is a worldwide network of independent financial service companies serving the world's elite hedge funds, private equity and real estate firms, institutional banks, Global 1000 companies and high net worth individuals. Citco companies service these sectors in their respective geographic areas by offering hedge fund administration, custody and fund trading, financial products and corporate governance solutions. Citco has offices in over 40 countries with more than 6,000 staff.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181113005586/en/
Contact information
Peregrine Communications
London:
Aryna
Kastavetskaya
aryna.kastavetskaya@peregrinecommunications.com
+44
(0) 20 3040 0871
or
New York:
Kseniya Melnikova
Kseniya.Melnikova@PeregrineCommunications.com
+1
646 274 1423
About Business Wire
Business Wire(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
H.I.G. Capital Announces the Sale of DGS S.p.A.11.6.2024 12:00:00 CEST | Press release
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $62 billion of capital under management, is pleased to announce that an affiliate has signed a definitive agreement to sell its portfolio company, DGS S.p.A. (“DGS” or the “Group”), a leading firm in the Italian Information Technology market, to DGS Co-Founders and management team in partnership with ICG, a global alternative asset manager. Since its inception in 1997, DGShas supported blue-chip customers in the design, integration, and maintenance of complex IT systems, with a specialization in digital transformation and cybersecurity services. The Group currently has over 1,900 employees, revenues of approximately €300 million, and maintains a group of highly loyal clientele. During H.I.G.’s ownership, DGS has tripled in size and consolidated its position as a leading Italian firm in cybersecurity services and digital transformation. DGS offers its clients sophisticated and proprietary digital transformation
Evertas Names Nick Selby Head of European Underwriting11.6.2024 12:00:00 CEST | Press release
Evertas, the world’s first crypto insurance company, has named Nick Selby as its new Head of European Underwriting. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611141887/en/ Nick Selby, Executive Vice President and Head of European Underwriting at Evertas (Photo: Business Wire) Selby, an accomplished information and physical security professional, brings two decades of expertise in public and private sector information security, physical security, and complex incident handling, as well as seven years of experience leading teams securing billions of dollars in cryptoassets. Previously, his roles included VP of the Software Assurance Practice at Trail of Bits, Chief Security Officer at Paxos Trust Company, and Director of Cyber Intelligence and Investigations at the NYPD Intelligence Bureau. “Nick is an extremely valuable addition to our European team,” said Evertas CEO and Co-Founder J. Gdanski. “His public and private
Owlet utvider globalt fotavtrykk med lanseringen av medisinsk-sertifisert Dream Sock™ i Storbritannia og over hele Europa11.6.2024 11:00:00 CEST | Pressemelding
Owlet, Inc. («Owlet» or the «Company») (NYSE:OWLT), pioneren innen smart spedbarnsovervåking, kunngjør i dag den britiske og europeiske lanseringen av Dream Sock. Dette er en smart babymonitor med levende helseavlesninger og varsler for friske spedbarn mellom 0-18 måneder og 2,5-13,6 kg. Dette innovative medisinske utstyret gir foreldre helse og viktig informasjon i sanntid, noe som gir uovertruffen trygghet. Denne pressemeldingen inneholder multimedia. Se hele pressemeldingen her: https://www.businesswire.com/news/home/20240611820341/no/ (Photo: Business Wire) «Vi er svært stolte over å lansere Dream Sock til omsorgspersoner over hele Storbritannia og Europa og gi millioner av foreldre mer trygghet mens babyen sover,» sa Kurt Workman, Owlets administrerende direktør og medgründer. «Dream Sock er nå et globalt produkt som er anerkjent som medisinsk nøyaktig og trygt, etter å ha gjennomgått regulatoriske autorisasjoner og sertifiseringer innenfor flere geografier. I dag er misjonen vår
V-Nova Surpasses 1000 Patent Milestone in Media Technology Innovation11.6.2024 10:00:00 CEST | Press release
V-Nova, a leading provider of data compression solutions, video compression technology, XR technology, AI acceleration and parallel processing for a multitude of industries including media and entertainment, today announced its milestone achievement of 1000 active technology patents. This accomplishment underscores V-Nova’s dedication to research and development and its commitment to protecting its intellectual property globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611724561/en/ V-Nova’s patent portfolio spans more than 50 different jurisdictions. Including over 400 patents in Europe, over 200 in the Americas, over 100 in the United States specifically, and over 200 in Asia. V-Nova forged new directions in data processing to enhance digital experiences, maximize efficiency, reduce costs, and increase sustainability. The company leads the way with key international data compression standards for the video indust
Alipay+ Reveals Top Scorer Trophy Design for UEFA EURO 2024™11.6.2024 09:24:00 CEST | Press release
Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International and an Official Partner of UEFA EURO 2024™, today revealed the trophy that will be awarded to the most prolific marksman at the UEFA EURO 2024™ finale on July 14 in Berlin, Germany. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610328619/en/ The UEFA Top Scorer Trophy presented by Alipay+ is unveiled for UEFA EURO 2024™ (Photo: Business Wire) Sculpted in the shape of the Chinese character “支” (pronounced zhi, and meaning payment as well as support), the trophy reflects Alipay+’s dedication to supporting consumers to enjoy seamless payment and a broad choice of deals using their preferred payment methods while traveling abroad. The character also resembles the fleeting moment of a barefooted striker poised to shoot, evoking the original beauty and power of football – a game that united people across the wo