Frost National Bank, San Antonio, and First National Bank of Omaha, Omaha, Neb., have implemented the InTrader Safekeeping Web portal, from SunGard Securities Processing, to deliver online safekeeping statements and advisories to their correspondent customers and bank affiliates.
The portal is a hybrid capability of the InTrader core processing system for bond accounting, managed investment portfolio, funding and safekeeping, and the Correspondent Portal Web service for online delivery of statements, reports, notices and other essential information related to bond accounting.
The InTrader Safekeeping Web Portal enhances customer service by delivering online information to correspondents quickly and easily, and reduces the time and expense of preparing and mailing hard copy statements.
Frost Bank, which has used InTrader for managed investment portfolio processing, trading and sales, and safekeeping since 1999, implemented InTrader Safekeeping Web Portal to provide its institutional customers with on-demand access to statements, pledge notifications, safekeeping receipts, credit advices, billing statements, maturity notices, and more.
"More and more, our customers demand a current-day environment in which they can see information as soon as it's generated," according to Mark Brell, vice president of capital markets at Frost Bank. "InTrader's Safekeeping Web Portal provides instant access to information and better prepares our customers to receive cash rather than wait for statements."
First National Bank of Omaha expects most of its 800 safekeeping customers to logon to the system daily to access statements and reports online.