Bangalore: Bank One, one of the leading banks in Mauritius, announced the successful implementation of the Infosys Finacle Treasury solution. With Finacle, the bank’s treasury operations’ back office processes are now automated, significantly improving its operational efficiency and reducing manual effort.
Importantly, the solution opens up new opportunities of commission revenue for Bank One by empowering users to diversify their investments in various treasury products and maximise their returns.
Prior to implementing the Finacle solution, all treasury operations at the bank were done manually. Combined with Bank One’s existing Finacle core banking solution, the new treasury solution will enable straight through processing, resulting in real-time access to trading information and faster processing of deal transactions.
According to Raj Dussoye, Director & CEO, Bank One, “As a leading bank in Mauritius, it is our endeavour to consistently enhance our ability to address customer requirements and provide the highest level of service. We believe leveraging cutting-edge technology is the best way to achieve this. Equally important is our ability to meet all regulatory requirements, especially on limits. Given our positive experience with the Finacle core banking solution, Finacle Treasury was a logical choice to help us achieve our objectives.”
Venkatramana Gosavi, Regional Head, Growth Markets – Finacle, Infosys said, “Finacle Treasury is the most reliable solution for seamless treasury management, key for banks to maximize liquidity and mitigate operational and financial risk. Following the success of the Finacle core banking solution with Bank One, we are confident Finacle Treasury will further support the bank to achieve its goal of becoming one of the most efficient, customer friendly and profitable banking organizations in Mauritius.”
The new treasury solution from Finacle will enable – Centralized monitoring of the bank’s global currency position, with automated Nostro reconciliation and accurate assessment of value at risk; Effective management of market and credit risk using Finacle Treasury’s risk module and built-in limits and exposure tracking features; Seamless integration with Bank One’s deal platform, enabling efficient capture of information directly from external trading platforms; and Compliance with stringent information technology and data security requirements by addressing the bank’s full spectrum of regulatory and internal audit needs.
Kerala IT News