Since 2003, Optima Bank, formerly known as the Investment Bank of Greece, has been collaborating with Systemic to enhance their financial operations. The partnership began with the implementation of robust systems for Transactions Clearing back-office and real-time portfolios monitoring for listed derivatives in both Greek and international markets. This collaboration also extended to asset management for major private portfolio accounts and comprehensive transaction reporting services, covering a wide range of regulations such as EMIR, SFTR, ARM, and APA.

Optima Bank faced several significant challenges during this collaboration. Managing a diverse range of financial products and processing large volumes of data in real-time required sophisticated technological solutions. Ensuring data quality and accuracy was critical to maintaining regulatory compliance and operational integrity.

The collaboration has yielded numerous benefits for Optima Bank. They have achieved faster time to market for new financial products, enabling them to quickly respond to market opportunities and regulatory changes. Enhanced data accuracy, integrity, and comprehensive reporting capabilities have improved their operational efficiency and decision-making processes. Continuous updates, maintenance, and support with dedicated resources have ensured that Optima remains at the forefront of technological advancements in financial services. This partnership has allowed Optima Bank to scale its operations effectively, adapt swiftly to market changes, and maintain a strong competitive edge in the financial sector.

Summarizing what Optima Bank has gained:

• Time to market (i.e. new financial products offering, new collaborations with prime brokers, new regulations)
• Ongoing Maintenance: Continuous updates, maintenance, and support with dedicated resources.
• Enhanced data accuracy, integrity, and comprehensive reporting.