Modelity/Structures goes live in Bank Leumi

Modelity Technologies Ltd., a leading provider of financial modeling technology, announced the successful implementation of Modelity/Structures in Bank Leumi. Modelity/Structures is being used by Leumi’s operational division to provide its clients with daily product’s value and payment calculations, together with event and calendar control.

Modelity Technologies Ltd., a leading provider of financial modeling technology, announced the successful implementation of Modelity/Structures in Bank Leumi. Modelity/Structures is being used by Leumi’s operational division to provide its clients with daily product’s value and payment calculations, together with event and calendar control.

“Leumi is focused on providing its clients with up to date information regarding their financial holdings, and assisting them in fully understanding the actual attributes of their portfolios.”, said Ofra Shlosman, Head of Structured Products, Bank Leumi Ltd., “Modelity/Structures provides Leumi with the ability to provide enhanced and accurate evaluation and information regarding sophisticated products. In addition, using Modelity/Structures, Leumi will provide upgraded detailed explanation reports specifically designed for each product line.”

“[Modelity/Structures] Going live in Leumi, positions the bank as the market leader in the structured products area in Israel.”, said Ayal Leibowitz, VP of Research & Development, Modelity Technologies Ltd., “The new structured products system assists Leumi in maintaining its position as a prime issuer of structured products by shortening the time to market of new products issuance and reducing ongoing operational costs.”

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