South African Bank Chooses SunGard Systems
The Development Bank of Southern Africa (DBSA) has selected two SunGard Treasury Systems products, to meet its treasury and asset and liability management needs. AvantGard and BancWare will be used by DBSA’s treasury operation to help the bank in its role as infrastructure development finance institution. DBSA said that the choice of AvantGard and BancWare was part of its project to re-engineer business processes for greater operational efficiency and increased automation. Central to the bank’s requirements was the provision of accurate and flexible forecasting of cash flows and bank account data and, as DBSA expands its risk management and hedging activities, the ability to capture exposure information and analyse portfolios of risk.