OrbiTech Solutions Limited
Profile
OrbiTech, previously known as Citicorp Overseas Software Ltd. (COSL), an SEI-CMM Level 5 company was formed in 1985 to be the software development shop for all Citigroup entities. Recently, OrbiTech's mission has further widened to provide products and development services to various Banks and Financial Institutions in addition to Citigroup businesses.

Products / Domain Coverage
1.Corporate Banks
2.Retail Banks
3.Investment Banks
4.Brokers
5.Mutual Funds
6.Custodians
7.Transfer Agents.
Services offered
OrbiCustody is a domestic custody product developed by OrbiTech Solutions Ltd. The system delivers powerful, comprehensive record keeping and securities movements´┐Ż control for order management, settlement, corporate actions, and safekeeping custodial services.

Some of the distinguishing features of the product are

1. Robust Parameterized system that is readily deployable, thus reducing customization effort
2. Support for Dematerialized and Physical Markets
3. Multi-Location Processing
4. Flexible interface with entities like Stock Exchange, Clearing house, depository, GL system, Regulatory bodies)
5. ISO 15022 SWIFT Message support
6. Straight Through Processing capability across all Custodial functions
7. Schedule and Event driven client reporting
8. Parameterized client billing
9. Parameterized automatic archival and housekeeping of data

The product supports all type/sizes of Market players and is flexible enough to easily incorporate new services, best business practices and latest technological advancements. It is the backbone of Custody services of Citibank in East European countries and Greece.