TPG Software, Inc., a leading provider of financial accounting software and services, announced today that Federal Home Loan Bank of Topeka, who selected TPG's suite of financial software, is now in full production mode on TPG's latest product offering, Safekeeping Genius.
Safekeeping Genius is one of TPG's newest offerings, designed specifically for institutional custody. The system provides custody agents with a complete straight through processing solution from transaction entry to client reporting and billing, including pledge notifications, safekeeping receipts, credit advices, billing statements, and maturity notices. Safekeeping Genius was built on TPG's proven core accounting engine, providing reporting and advices while ensuring accuracy and precision for all securities being held.
Ursula H. Felmet, TPG's CEO/CFO, said, FHLB Topeka proved to be a truly valuable partner to TPG in their input and testing of TPG's Safekeeping Genius application. They worked closely with our staff to ensure the features, functionality, and reporting for a safekeeping solution met their requirements. We thank them for their efforts and look forward to a long and mutually beneficial relationship."
Elaine Carls, FHLBank Topeka's Financial Services manager, worked on the project from inception, "The TPG product provides efficiencies internally for our staff as well as our member bank customers, Elaine said. ìWeíve been able to automate several of our processes and have had many positive comments from our customers who find value in the new online reports made possible by the software."
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 $42.6 billion in assets and $1.9 billion in capital, FHLBank serves nearly 875 banks, thrifts, credit unions and insurance companies throughout Colorado, Kansas, Nebraska and Oklahoma. FHLBank employs approximately 180 people and is located in Topeka, Kansas.