Press Release - Dovetail selects Quartet FS to provide powerful, real time data analysis capabilities never before seen in the back office

London, New York, Paris, and Singapore - 14 June 2011

Dovetail, the provider of next generation Payment Services Hubs, announces today that they have selected Quartet FS to help deliver high performance real time data analysis capabilities never before seen in the back office. As banks grapple with new regulatory and customer demands such as more stringent intraday liquidity requirements.  This new capability gives business users a real-time view of vast quantities of short term cash flow data in real time with which to manage liquidity effectively.

The Dovetail Liquidity Dashboard provides an aggregation engine which supports customers in tapping into and analysing enormous quantities of payments data from any source. This capability is enhanced with Quartet FS ActivePivot real time, in-memory and object orientated OLAP tool.  As a result, business users can interrogate their views of the bank’s liquidity positions to better control intraday liquidity and counterparty credit exposure without having to rely on their IT department or software vendor to re-write or customise queries and reports.

While real time liquidity management is offered by a number of other vendors, business users and downstream applications are often limited by the flexibility and availability of data and views. By contrast, the Dovetail Liquidity Dashboard handles mountains of data in real time, providing drill down from user defined aggregate positions to transaction level details through a powerful, easy to use user interface as well as through real time APIs.

The Dovetail Liquidity Dashboard is available as a standalone application or as a module in Dovetail's Payment Services Hub solutions. In either case the module will capture cash flow information from across the banks infrastructure to provide a holistic view of payment flows and liquidity in real time.

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