Itaú BBA sees a future with 4sight 09 April 2013New York Reporter: Jenna Jones
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Itaú BBA has selected 4sight’s securities finance and collateral management solution to support its US based securities lending and repo business, Itaú BBA USA Securities.
Itaú BBA will use 4sight’s software for equity and fixed income securities lending and repo trade booking and position management.
The solution will also be used for collateral management, credit limits controls, profit and loss and reporting.
Ross Levin, head of prime services architecture at Itaú BBA, said: “It was critical for this project to select a technology solution that can be installed rapidly on a lightweight footprint while also to scale globally .”
“Itaú BBA also required a vendor with strong industry and domain expertise, global support services and a flexible approach to customisation. We look forward to working with 4sight to implement this project as we expand Itaú BBA’s US securities lending and repo business.”
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