NEURON DATA IN FINANCE
Bank of Montreal
Bank of New York
Barclays Bank
Caisse Autonome de Refinancement
Cantor Fitzgerald
Charles Schwab (Mayer & Schweitzer
Chase Manhattan
Commerzbank
Federated Investors
First Boston
Greenwich Capital
Infinity
Investments Support Services
J.P. Morgan & Co. Incorporated
Market Arts Software
Merrill Lynch
Mitsubishi Bank
Moody's
Open Link Financial
SUNGARD Financial Systems
Thompson Financial Services
BANK BANDEIRANTES S.A.
Bank Bandeirantes, the largest bank in Brazil, used NEXPERT OBJECT to develop an
application that analyzes personal and business loan applications and financial
statements. The credit authorization is done on-line. The application runs on PCs under
Windows 3.1 and IBM mainframes with 3278 terminals, and accesses data in DB2.
BANQUE DE FRANCE
Banque de France, the largest Bank in France, developed a rule-based application with
NEXPERT OBJECT to produce monthly outlook surveys that guide its observation and
reporting of economic activity in France. These surveys are critical to the governmental
business decisions made in a variety of French industries.
BANQUE PARIBAS
Banque Paribas, a multi-billion dollar international
wholesale bank, is using OPEN INTERFACE ELEMENTS to build applications for real-time tasks such as selecting, pricing
and revaluing portfolios, determining the profit and loss associated with deals,
evaluating cash positions and tracking changing market prices.
The applications are used by Banque Paribas traders in London, Paris, New York and
Tokyo. They access data from both real-time data feeds and an Ingres RDBMS. The
applications run on VAX stations and PCs, and are planned for migration to Windows
NT.
CAISSE AUTONOME DE REFINANCEMENT
Caisse Autonome de Refinancement (CAR) is a subsidiary of Caisse des Depots et
Consignations, which is a part of the French Finance Ministry. As such, they manage
the money of savings institutions throughout France, investing it primarily in real
estate. CAR is using OPEN INTERFACE ELEMENTS in an investment management
application which optimizes investment portfolios. The application was developed on a
Sun UNIX workstation and is deployed on Macintosh and PC under Windows.
CAISSE D'EPARGNE ECUREUIL
Using SMART ELEMENTS, Caisse d'Epargne Ecureuil developed GWENAELLE, a
knowledge-based application that represents general public customers. GWENAELLE
analyzes customer records to determine, client by client, a customer's level of interest in
each item of a range of products. GWENAELLE is modular and portable, allowing it to
be applied in many different contexts for use by client managers based at branch offices,
at an intermediary level or at the head office. The conclusions of GWENAELLE are
used for many diverse ends including target mailings, profit analysis, client diagnosis
and reassessment of objectives for client managers. These ends generate an estimated
profit of close to 1.5 million dollars per year.
CHEMICAL BANK
Chemical Bank developed Inspector with NEXPERT OBJECT to monitor worldwide
foreign exchange transactions. Inspector monitors daily trading activity and flags
suspicious deals. Chemical Bank depends on Inspector to detect fraud in billions of
international foreign exchange deals. Networked to 23 countries, Inspector resides on
Digital VAX stations linked to Oracle databases.
CLARKE & TILLEY
Clarke & Tilley is the United Kingdom's leading provider of asset management
systems. They use OPEN INTERFACE ELEMENTS in two applications: an inquiry system
and a valuation system for mutual fund management. These applications were
developed on PCs under DOS and ported to OS/2 and UNIX. The applications access
data from both Sybase and Informix databases, and are in operation in England,
Australia, the United States and South Africa.
COMPUTRON
Computron, a financial systems provider, used OPEN INTERFACE ELEMENTS to create an
integrated image and workflow solution enabling customers to store documents on an
optical drive and access them on-line.
CREDIT AGRICOLE
Credit Agricole, the third largest bank in France, developed an investment selection
application using NEXPERT OBJECT. The ASV2000 application first assists in defining the
financial profile of an investor with regard to current and future financial requirements,
then considers that information to propose various bank products for investment
purposes. The application was developed on PCs under Windows and accesses an
Oracle database. It is now used by 280 bank employees in more than 70 branches
throughout France.
CREDIT SUISSE
Credit Suisse (SKA) developed a customer credit assessment program with NEXPERT
OBJECT called Vente Interdisciplinaire des Produits. This mainframe retail banking
batch application periodically analyzes a database of several hundred thousand
customers in order to locate customers with high business potential for SKA. The
program allows SKA to optimize marketing activities and product or service offerings.
DAI ICHI
The Dai Ichi Advanced Real Time Trading System manages arbitrage, futures and
options trading, providing a real-time watch on market prices to traders on the Japanese
stock exchange.
FIDELITY INVESTMENTS
Fidelity Investments is using C/S ELEMENTS, OPEN INTERFACE ELEMENTS C++ and the
Diagrammer to develop a rule-based, corporate-wide application that will perform risk
analysis of investment portfolios. It will access Sybase databases throughout Fidelity.
FRENCH MINISTRY OF FINANCE
The French Ministry of Finance used NEXPERT OBJECT to develop a financial analysis
application called Ellipse. Ellipse studies the financial performance of companies in the
financial industry, and evaluates the appropriateness of various fiscal products.
GOLDMAN SACHS
Goldman Sachs' Global Equities Trading Division developed several high volume
applications with OPEN INTERFACE ELEMENTS. They include a global portfolio building
system, an investor database application and a trading activity application that provides
graphical representations of transactions. Groups in both New York City and the
United Kingdom run these applications on SUN and PCs.
HOUSEHOLD FINANCE
Household Finance (HFC) used SMART ELEMENTS to streamline its loan underwriting
approval processes. The application has been developed on a variety of platforms
including Windows, OS/2, Sun and HP, and is deployed on HP and PCs in HFC
regional offices throughout the U.S.
MANAGEMENT TECHNOLOGIES, INC.
Management Technologies, Inc. is a financial systems integrator that developed
Genesis, an application designed with OPEN INTERFACE ELEMENTS, to merge bank
information systems. Genesis integrates customer data while providing on-line,
accurate and continuously up-to-date critical data that influences pivotal investment
decisions. At the same time, it eliminates dual entry during testing and parallel run; it
provides a simpler means of converting historic and statistical data from existing legacy
systems to new systems; and it allows existing systems to be replaced progressively in
an organized manner. Genesis is available on UNIX and MVS/CICS and can convert
systems running across many different platforms.
MAYER SCHWEITZER
Mayer Schweitzer, a Charles Schwab subsidiary, built an OPEN INTERFACE ELEMENTS
trading application designed to consolidate multiple sources of global information on a
single desktop workstation. The system provides continuous fault-tolerant processing
for orders, trades, news, position and profit-and-loss management, and
communications with other brokers, clients and the Nasdaq data center. Developed on
SCO UNIX servers and deployed on a UNIX distributed network, the application allows
traders to access more than 100 different windows of information from their SCO Open
Desktop workstations.
NASDAQ
The second-largest securities market after the New York Stock Exchange, Nasdaq
developed a client/server application that distributes trading information to more than
4,000 stockbrokers at 1,200 sites. The system combines applications that support trading
and analysis with access to Nasdaq's database. It runs on clients including OS/2,
Windows, Sun and SCO UNIX-based PCs and Macintosh, and servers including Unisys
and Tandem host systems.
PUTNAM INVESTMENTS
One of the largest municipal funds investment corporations in the United States,
Putnam chose SMART ELEMENTS to build a regulatory compliance system for trading
and portfolio management. The application was developed and deployed on UNIX.
QUANT TRADING
Quant Trading develops software for the financial market, focusing on fixed income
and derivative products. Its customers include large securities dealers and other
intitutional accounts. Quant developed Sector for real-time securieties trading based on
OPEN INTERFACE ELEMENTS. It runs on Windows and Sun, with information stored in
Poet or the client's database.
SEMA GROUP
Spain's Sema Group has developed software called SEB10 using OPEN INTERFACE
ELEMENTS. SEB10 is an Electronic Funds Transfer management system designed for the
management of transaction acquiring terminals, and the authorization or redirection of
the acquired customer transactions. SEB10 supports a wide range of devices (ATMs,
PCs, Dumb Terminals, Retail Terminals and Point-of-Sales Devices), a variety of cards
including debit and credit cards and an array of authorization methods.
SOFT CASE
Soft Case developed an application called X-OPTIONS, an expert system based on
SMART ELEMENTS that aids the definition of investment strategies and tactics on the
options market. To anticipate market, market share, and price, X-OPTIONS proposes
the adapted positions to adopt. X-OPTIONS includes a collection of calculation
functions, and the utility itself is integrated into a larger system. This system covers all
functions of a back-office organization and is connected, in real-time, to the market.
T. ROWE PRICE
The French Ministry of Finance used NEXPERT OBJECT to develop a financial analysis
application called Ellipse. Ellipse studies the financial performance of companies in the
financial industry, and evaluates the appropriateness of various fiscal products.
UNITED STATES TREASURY
The United States Treasury is developing a money laundering application to track
financial transactions greater than $10,000 to any United States bank.
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