BAFT Releases FX RFP Template

by Ava Evans | Jan 19, 2018
Collaborating with members of the Solution Provider Committee, the RFP working group completed Phase two – Creating FX Software RFP.

Collaborating with members of the Solution Provider Committee, the Regional Bank Council’s RFP Working Group completed the final deliverable of its two-part assignmentCreating a FX Software RFP Template. The working group’s goal was to research and build a RFP template that would not only allow for standardization within the banks, but would foster more efficient response process from vendors.

The FX Software Template and the previously released Trade Product Specific Template (August 2017) can be found in BAFTs Library of Documents along with a Cover Letter, Submission Guidelines and General Questions which may be applied to either FX or Trade RFPs.  

Special thanks Greg Goska, BAFT Future Leaders Alumni (Fulton Financial Corp.)  for lending his expertise in FX technologies as well as to Ashley Allen (Arvest Bank), Cole Augustine (Umpqua Bank), Joe Timmons (Banner Bank), and John Vilardo (M&T Bank Corp) for their significant contributions during Phase two. The working group would also like to extend its thanks to Steve Egna, Finastra and Randal Roberts, GPS Capital Markets, Inc for helping during design and review process.

BAFT members may find the RFP templates on our website (www.baft.org) under the Standard Documents section of the Library of Documents.