Trading, analytics, treasury, and risk management services provider ION has launched its Wallstreet Suite, a treasury management system and payment hub solution. The solution is developed to handle the treasury needs of complex organisations, central banks, and government agencies, including high volumes of payment and sophisticated risk management.

Moreover, the Wallstreet Suite provides global visibility to cash, liquidity, and exposures, while also delivering insight across the Office of the CFO, enabling organisations to reach their finance transformation vision. How was the solution developed? ION’s objective when designing the new solution was to allow finance teams to achieve more through automation and exception management, enabling them to scale operations and offer increased visibility to the finance organisation. To have a better understanding of the sector’s needs, the company gathered research through its day-in-the-life program, customer interviews, implementations, and feedback from treasury advisory firms. Through this, ION Treasury concluded that processes were suboptimal, lacking automation and visibility, while also needing a tighter integration between operational payments and treasury.

More about Wallstreet Suite To minimise the issues, ION Treasury aimed to reimagine the treasury process, improve data management and technology, and reengineer the Wallstreet Suite solution. Using an exception-based approach, the solution employs visual design elements to inform users of processing errors or required actions. Wallstreet Suite simplifies the gathering of data from external sources, before displaying new information in real-time across all process areas to ensure complete alignment. ION also introduces a payment hub into the Wallstreet Suite solution, which creates a link between payment and treasury operations.

The payment hub’s features include support for high volumes, centralisation of bank messaging and connectivity, and delivery of payment services, such as sanction screening and fraud detection globally. By connecting the end-to-end process, operating costs are reduced through optimising working capital decisions and managing in-house banking services. With a modular, service-oriented architecture, Wallstreet Suite allows components to be upgraded as required on a low-risk basis, enabling customers to access improvements and innovations at speed and reduced cost. Moreover, it facilitates faster implementation, inexpensive, simplified upgrades, and increased integration capabilities with other platforms.

About ION ION offers trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial entities. The company’s solutions aim to simplify complex processes, increase efficiency, and improve the decision-making process. ION Treasury’s portfolio of seven treasury and risk management solutions enables customers to manage liquidity at any scale while mitigating financial, regulatory, and operational risks. RBI partnered with ION in July 2023 to implement its ISO 20022 solution, the two companies collaborating since 2021 on the former’s adoption strategy.

ION’s ISO 20022 technical messaging system assists users in navigating the transition, while its implementation to RBI enables the latter to process settlement requests from ION’s existing Wallstreet FX (WSS FX) and other back-office applications from the bank. .