Bayerische Hypo-und Vereinsbank AG HVB (then Bayerische Vereinsbank AG) commissioned PATH technology in 1997 to provide integration between their front office system, Kondor+ and various back office systems.

The initial engagement was to provide Straight Through Processing for approximately 100 money market trades and 800 foreign exchange trades.

Bayerische Hypo-und Vereinsbank AG (HVB) subsequently acquired first Hypo Bank and then Bank Austria thus creating a formidable presence in Europe. Concurrently the management in the London branch built an infrastructure with their various back office solutions supported by PATH technology, that enabled several of the banks branches’ trades to be processed in London.

This combination of management skill, back office and PATH technologies now place HVB at the forefront of cost efficiency and management. Last year, sterling clearer Lloyds honoured HVB as their most efficient and accurate client for the fourth year running.

When asked what PATH technology meant to the bank, Martin Stewart, Head of Systems said, “PATH is mission critical to the efficiency of our back office operations”.

Today, PATH technology supports or reports on many facets of the bank’s operations, processing several thousand trades per day. HVB is a flagship eflow client and jointly their efforts continue to tune the bank’s operations and provide total transparency.


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