NEW YORK--(BUSINESS WIRE)--Two products from Nomura Research Institute (NRI, TOKYO:4307), a leading provider of consulting services and system solutions, were recognized during the 2017 FTF News Technology Innovation Awards as ‘Best Clearing and Settlement Solution’ and ‘Best New Post-Trade Solution.’
NRI was awarded ‘Best Clearing and Settlement Solution’ for the company’s I-STAR product, a securities back-office system offering finely tuned operations support for wholesale brokerage firms. The solution operates across the entire operations sequence from execution to settlement and accounting. I-STAR has been adapted by hundreds of financial institutions, and has become a de facto standard for the wholesale securities industry, particularly in Japan.
NRI was also awarded ‘Best New Post-Trade Solution’ for its Visualized OTC Products and Liquidity Control System (VOLCS), a leading solution providing due date management for structured bonds and OTC derivatives, cash management and foreign exchange management that can be broken down independently or used in conjunction with each other. The solution is popular among financial institutions looking to reduce operational risk and boost efficiency by decreasing the burden on broker dealers.
“We’re very proud of our suite of solutions, and we are committed to partnering with financial institutions across the world to develop their systems to peak optimization,” said Masaaki Yamazaki, Managing Director of NRI. “The day-to-day challenges financial institutions face with their system integration are impacting their bottom lines, and NRI has built our line of products to address these key challenges. We are honored to be recognized for this contribution.”
The FTF News Technology Innovation Awards recognize the professionals, vendors, service providers, industry bodies and regulators that have demonstrated exceptional achievement in financial services operations technology during the previous year.
Founded in 1965, NRI is a leading global provider of system solutions and consulting services with annual sales above $3.7 billion.
NRI offers clients holistic support of all aspects of operations from back- to front-office, with NRI’s research expertise and innovative solutions as well as understanding of operational challenges faced by financial services firms. The clients include broker-dealers, asset managers, banks and insurance providers. NRI has 35 offices globally including New York, London, Tokyo, Hong Kong and Singapore, and over 10,000 employees.
For more information, visit http://fis.nri.co.jp/en