One of the four major banking organisations in Australia and one of the largest banks in New Zealand, implemented Intellect’s ITTR (Integrated Treasury, Trade Finance and Retail FX) at Fiji and Papua New Guinea (PNG), to consolidate and scale up their business and to improve their foreign currency positions and liquidity management to remain competitive in the global market. “The competitive advantage unique to the bank was to bring together three businesses of treasury, trade finance and retail FX on a single data model ensuring seamless data flow between these components and freeing up resources from redundant processes and efforts to concentrate on business specific activities. In the process, a major white labelling effort was also undertaken in an agile manner to help the bank achieve a throughput of 6000+ business transactions per day and real time balance sheet generation. The flexibility and advantage it gave to the bank can be measured by the ease of ability to add new branches, launch new products and reduce operational resource concentration by reducing EOD run time to <15 minutes,” said IDC. Please click here to find out more about the product.
