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AlphaServer system ready
Abraxsys from COR Financial Solutions is a fully integrated, end-to-end, wholesale banking solution that manages all international and commercial
banking functions. IAS39 and FAS133 compliant, Abraxsys integrates risk management, accounting, trade finance, money market, loan, deposit, commercial
lending, and payment processes into a single system that leverages powerful straight-through processing (STP) capabilities. Abraxsys simplifies a range of operations, including
back-office workflow automation, personalized Internet banking for customers, and management of complex multibranch operations. Comprehensive compliance
monitoring is provided across all modules, covering three main areas:
- "Know Your Customer" information
- Account transaction trend monitoring
- Real-time automated checking against the OFAC Blacklist at deal verification level
Abraxsys performs optimally on HP AlphaServer systems running OpenVMS, taking advantage of the HP platform's load-balancing features and inherent
security to provide bulletproof clearing, settlement, and online banking services. OpenVMS and Abraxsys enhance operational efficiency across the
enterprise, minimize overhead costs, ensure global and local market compliance, and increase customer satisfaction.
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