Central Banking

ECB awards $19.6 million treasury contract to Openlink

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The European Central Bank has chosen risk management services provider Openlink to provide its new treasury management system (TMS).

The contract, worth €16.5 million ($19.6 million), was awarded to the US-based firm following a two-year procurement process that saw six companies pitch for the contract.

Openlink will now look to implement its treasury and risk management platform, Findur, within the ECB’s existing infrastructure by 2019.

The platform is designed to eliminate bottlenecks and

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