MIMICS Financial Software

MIMICS provides financial software for the financial services industry in the U.S. and overseas. For over 30 years, we have been offering high quality products that are cost-effective and flexible, and our clients include banks, brokerage firms, fund managers, insurance companies and central banks.

MIMICS knows how to balance innovation and reliability to provide the best solutions for your financial system needs.

Product Highlight - MIMICS Repo Sweeps System

MIMICS Repo Sweeps System is a state of the art system for electronically sweeping overnight and term repos. The MIMICS Repo Sweeps System will allow your operation to be compliant with the FDIC’s new sweep account disclosure requirements that are in effect July 1, 2009.

The MIMICS Repo Sweeps System has complied with these requirements for over two decades so no changes to our system were required.

In addition, MIMICS offers the MIMICS Repo Sweeps Email Option which allows customer forms such as confirmations and statements to be encrypted and emailed automatically.

The Email Option can benefit your operation by saving the costs associated with mailing - stamps, envelopes and the time it takes to stuff the envelopes. Compliance with the FDIC’s sweep account disclosure requirements becomes even easier with the Email Option.

MIMICS banking clients have been using the MIMICS Email Option since 2003.

Opportunities in Times of Economic Challenges

Whether you need to cut costs, open new markets, or have access to new business intelligence, MIMICS can help you. In these troubled financial times, it is prudent to look at all of your options.

System Cost/Benefit
If the contract with your current provider is coming due, we invite you to review our system licenses. They are often substantially lower than our competitors', and in many instances, the fully paid up MIMICS license can be less than the annual fee charged by your current provider. Also, please note the range of products offered by MIMICS. From a single source, you can have a system that assists with portfolio management, risk analysis, and money market operations.

Outsourcing
For some processes, consider outsourcing to MIMICS. For a low, pay-as-you-go fee, MIMICS can conduct your monthly reconciliations or provide the data entry for your portfolio management. This can drastically reduce your capital outlays.

Wealth Advisor
Many investors are going to their investment advisors for solutions to protect and enhance their wealth. MIMICS Customer Portfolio Management System provides you with the tools required for managing your clients' assets (from securities through real estate), and it will perform functions such as automatically calculating fees and billing your customers.

Allocated CDs
MIMICS' Allocated CD system can help you retain and increase your customer base by allowing you to place large deposits, above the new $250,000 limit, and allocate them among CDs from several institutions to maintain the safety of the investment.

Business Intelligence
MIMICS Systems can store an enormous amount of data that is gathered in the course of your business. MIMICS has statistical and probabilistic tools to help you ascertain and control your risks. There are other system features that allow you to prospect for sales and convert prospects to customers. You can provide your clients with performance figures and include graphs and charts in their statements. All of this is available at a fraction of the cost you normally find in the market.

If you would like more information about our products and services, please fill out an online form or send us an email .