NewswireToday - /newswire/ -
Gurgaon, Haryana, India, 2009/03/03 - BNP Paribas Securities Asia – a subsidiary of BNP Paribas Group, one of the largest financial institutions in the world – successfully implemented ANALEC ResearchWise suite within its capital markets and brokerage business, across the Asian region.
ANALEC delivered the ResearchWise™ platform at BNPP in the first week in January 2009 and has over the last 6 weeks successfully installed and trained users across the Asian region. ANALEC ResearchWise™ in its first phase of rollout has been delivered to nearly 300 users within BNPP, involving 11 offices in Asia-Pacific, as well as sales offices in London and New York. ANALEC ResearchWise™ replaces a legacy system within BNP Paribas’ Asian business, while vastly improving the functionality and capabilities over the old system.
Indy Sarker – CEO of ANALEC – commented, “We have once again delivered our ResearchWise™ platform within the agreed timelines and now working with BNPP to help streamline their business processes to benefit from the increased productivity, improved risk management, and speed-to-market benefits embedded within ResearchWise™. BNP Paribas’ decision to go with ANALEC ResearchWise™ further vindicates our stand and belief in our platform and its abilities to transform business processes within brokerages and banks with capital market operations.”
The challenging economic environment, along with cost pressures within brokerages and banks, are forcing them to seek out productivity improvements and improve their competitive standing in the market place. ANALEC ResearchWise™ enables its users to secure a range of benefits that not only place them favourably from a long-term perspective, but also help them harness productivity improvements in the near-term.
Colin Stone – ANALEC’s CTO and Chief Product Architect - adds “ANALEC ResearchWise™ has become the solution of choice for a wide spectrum of brokerages and banks, ranging from ones with large regional and global presence to ones with predominantly single country operations. Our user-based licensing model, along with cutting edge capabilities that are continuously improved upon, has placed us in a strong position in the market place.”
ANALEC (analec.com) is a specialised service provider to the investment banking and investment research industry. It leverages its deep domain knowledge of the investment research and investment banking industry to develop and deploy enterprise level software-enabled business process solutions, addressing very specific organisational issues and challenges within investment research and client servicing functions. Under its remote delivery model, ANALEC offers its customers the option to remotely manage and deliver a range of services. Founded in June 2003, ANALEC brings together over 60 years of leading expertise in investment research, investment banking and software development and deployment. Headquartered out of Singapore, ANALEC has a delivery centre in India and a sales office in the United States.
About BNP Paribas
BNP Paribas is a European leader in banking and financial services, with a significant and growing presence in the United States and leading positions in Asia. The Group has one of the largest international banking networks, a presence in over 85 countries and 169,800 employees including: 130,000 in Europe - among whom 19,700 in Italy and 64,100 in France and in the Overseas Departments; 15,000 in North America and 9,800 in Asia.