Mexican central bank signs up to OpenLink

Banco de Mexico, the central bank of Mexico, has signed up for OpenLink’s Findur solution to integrate its front-, middle- and back-office functions. OpenLink is a New York-based trading and risk management software company.

Banco de Mexico has $40 billion in reserves and will implement the Findur system to manage its investment portfolios, foreign exchange, loan activities, interest rate derivatives, precious metals and energy derivatives.

"We were seeking a system that would integrate front-, middle- and back-office functions in such a way that it meets not only our present straight-through processing requirements, but future goals as well," said Manuel Galan Medina, the bank's director of operation systems and payments. "Findur fills this requirement while including flexible, integrated audit and accounting support that is above and beyond that of the other systems we reviewed."

Other OpenLink clients include Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury Services, Deutsche Bank, West LB and Zurich Capital Markets.