Nexaweb FX Accelerator Delivers Flexible, Web-Based Foreign Exchange/Deal-Capture System For Rabobank, Enables Bank To Increase SMB Market Share

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Nexaweb announced today that Rabobank built its new TransAct trading portal using Nexaweb FX accelerator. Rabobank TransAct includes a real-time foreign exchange/money market deal capture system, a data management engine and streaming treasury portlets that can be customized to meet the needs of internal and external users. Nexaweb FX accelerator is the first commercial software solution for banks seeking to extend their professional trading services to customers over the web

Nexaweb Technologies, Inc., listed as a “Hot Banking Technology Company to Watch in 2010” by Forrester Research, announced today the deployment of its FX Accelerator software by Rabobank. Nexaweb FX Accelerator is the first commercial software solution for banks seeking to extend the market reach of professional-class trading services to customers over the web.

Rabobank deployed FX Accelerator as the foundation for its new TransAct system, a web-based wholesale business portal that includes a real-time foreign exchange/money market deal capture system, a data management engine and streaming treasury portlets that can be customized to meet the needs of internal and external users.

“The flexibility and functionality provided by Nexaweb FX Accelerator has enabled Rabobank to improve its market share with small-to-medium sized businesses and attract new mid-cap and large-cap clients,” said Niels van Daatselaar, head of e-commerce, global financial markets at Rabobank International. “Rabobank TransAct has received positive feedback from both clients and member banks regarding its intuitive interface, high performance and advanced reporting capabilities. Rabobank was also very pleased that Nexaweb delivered TransAct within the budget and timeline that were set at the beginning the project.”

“The development of TransAct was a successful collaboration between Rabobank, Nexaweb and our systems integrator partner Sierra Atlantic,” said Chris Heidelberger, CEO at Nexaweb Technologies, Inc. “As our success with Rabobank demonstrates, FX Accelerator can help commercial banks create new revenue channels and improve customer service by extending internal trading applications to customers over the web. Corporate banking teams can also benefit from FX accelerator’s comprehensive trading and dealer features, including multi-currency treasury products, a customizable dashboard and extensive trading options.”

About Nexaweb FX Accelerator

Nexaweb FX Accelerator is a set of pre-built software modules that deliver rich trading services over the web. FX Accelerator includes out-of-the-box, customizable functionality and capabilities designed to support the delivery of differentiated trading services, including:

  • Highly configurable portal windows (portlets) that stream personalized market data, financial news, research, market opinions and product information to a web browser.
  • A deal capture engine that can be tailored to fit different user profiles from inexperienced, part-time traders to professional traders.
  • A data and pricing engine that feeds the deal capture engine and information portlets. The engine comes with adaptors to leading financial data providers such as Bloomberg and Reuters, and offers tools to manage data vendor costs and services levels.
  • A customization framework for easy integration of the solution with existing customer-facing portal technology and with existing back-office systems that handle cash management, collateral management, electronic confirmations, valuation services, real-time cash balances and others.

About Nexaweb

Nexaweb Technologies, Inc. is the leading innovator of solutions for migrating and extending business applications to the Web. The Nexaweb modernization platform has the unique ability to rapidly transform legacy systems into rich, new easy-to-use Web 2.0 applications that support secure, real-time information delivery over the Internet. More than 200 customers, including Rabobank, Sungard, Jefferies & Co., DHL, EMC, Nokia Siemens Networks and US Air Force have leveraged Nexaweb software and services to modernize their software and transform their business. The company is headquartered in Burlington, Mass. For the latest news and information, follow Nexaweb on Twitter at NexawebTech and visit http://www.nexaweb.com.

Press Contact:
Nexaweb
Andy Ellicott
+1- 603-205-2804

Nexaweb and the Nexaweb logo are registered trademarks of Nexaweb, Inc. All other trademarks and service marks are the property of their respective owners. No use of a third-party mark is to be construed to mean such mark’s owner endorses Nexaweb products or services.

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