TPG Software, Inc., a leading provider of financial services software and services, announced that Federal Home Loan Bank of Topeka selected TPG's investment and liabilities accounting software for its investment accounting operations.
TPG provides a straight through processing solution, from trade capture to investment accounting, post-trade settlement and reconciliation, to reporting and compliance. The Portfolio Genius system is TPG Software's flagship portfolio management, investment accounting, and reporting solution for institutional investors.
“We are very pleased that FHLB Topeka selected TPG to support its investment accounting requirements. We have worked very closely with its staff to make sure that we are on target with respect to their requirements,” said Cory Sokoloski, Vice President of Sales for TPG Software. " We continue to demonstrate that our solutions meet the growing demands of institutional investors. Our goal is to improve operating efficiency and mitigate risk while maintaining accurate and auditable accounting records."
FHLBank, a privately owned, federally chartered corporation, promotes housing and homeownership by providing wholesale products and services that help member financial institutions expand the availability of mortgage credit, compete more effectively in their markets and foster strong and vibrant communities. With approximately $46 billion in assets and $2 billion in capital as of June 30, 2009, FHLBank serves nearly 875 banks, thrifts, credit unions and insurance companies throughout Colorado, Kansas, Nebraska and Oklahoma. FHLBank employs approximately 190 people and is located in Topeka, Kansas.