European Investment Bank Selects Trema Finance KIT to Re-engineer Its Business Processes
The European Investment Bank has selected Trema Finance KIT, a real-time straight-through processing treasury, cash, risk and asset management system, as the backbone system to manage its entire treasury, borrowing and lending operations. The EIB will use Trema Finance KIT to re-engineer and integrate its processes, manage risk and gain greater efficiencies by consolidating its operations into one system. This announcement is the culmination of an extensive project by EIB which involved comprehensive business analysis examining how processes and business areas could be integrated to deliver operational improvements and enhanced risk management. The EIB then looked to the market for a solution that could suitably re-engineer its workflows and processes as well as deliver the level of specific functionality required for the different areas of its business. One of the EIB’s major requirements was for an integrated front, middle and back office system that could consolidate information and processes from different business areas. The bank will use Trema Finance KIT to consolidate all of the it’s processes into a single platform replacing multiple systems and eliminating numerous interfaces.