BACB To Install Eurobase Treasury Management Solution
Treasury management systems provider Eurobase Banking Solutions will supply British Arab Commercial Bank (BACB) with its Java-based treasury management solution, Siena. The system will support BACB’s front and middle-office treasury operations in London, facilitating straight-through processing and lowering transaction-processing costs, according to Eurobase. Siena, a ‘continuously evolving system’, supports all major treasury instruments, providing real-time positional, exposure, cashflow, risk and credit information. Sienna is both XML and Web enabled and its global trading and management functionality has been designed to maximise an organisation’s capital throughout a 24-hour trading day. This is supported by an extensive settlement and real-time reporting capability, providing the bank with full control of its treasury function.