Sunstate Bank picks SS&C's platform to automate fixed income securities processing

SS&C Technologies (NASDAQ: SSNC) said that Sunstate Bank, headquartered in Miami, Florida, has selected Lightning, SS&C´s full-service capital markets SaaS solution to support fixed income trading, funding and safekeeping services.

In order to grow its investment and safekeeping business and further enhance the services it provides to private banking clients, Sunstate needed a low cost, easy-to-implement solution that would allow staff to focus on business growth rather than administration. SS&C´s Lightning will help Sunstate expand this area of its business while keeping costs to a minimum.

Sunstate has licensed SS&C´s Lightning Trading, Funding, Safekeeping, DDA General Ledger and Web Portal modules and will benefit from a solution that links front, middle and back office processes. Lightning´s information portal will also help to streamline communications particularly for clients based in Latin and South America.

Sunstate Bank was founded in 1999 as Sofisa Bank of Florida. In 2007 the bank adopted the new name Sunstate. It offers a full range of financial services to individuals and businesses, including premier banking, commercial, retail banking and consumer finance. The bank is headquartered in Miami-Dade County.

SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. The company´s website is at www.ssctech.com.

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