Trema to Replace Banque de France Systems; Agrees Deal with Oracle
Banque de France has chosen Trema Finance KIT for its FX operations, reserve management, domestic portfolio management and monetary policy activities. In a major overhaul of the Bank’s systems environment, Trema Finance KIT will replace four systems across front, middle and back office, providing Banque de France with an integrated solution. Trema stated that a single system will reduce costs and facilitate improved stability and maintenance of Banque de France’s IT infrastructure. Trema Finance KIT will interface to a variety of the Bank’s existing systems, across front, middle and back office, enabling heightened integration. In an unrelated move, Trema has entered into a global partnership with Oracle. The agreement covers technological collaboration, allowing Trema and Oracle to work together in a developmental capacity to ensure that both existing and future products are seamlessly integrated.