Comprehensive solution for maximizing the bank’s liquidity and mitigating operational, financial and reputational risk
The client is a pan African banking conglomerate with offices in 37 countries around the world and presence in 33 sub-Saharan countries. It predominantly caters to retail and wholesale customersworld.
The client needed to modernize its treasury management operations to remain competitive in the global market. It was plagued by inefficiencies created due to over-reliance on manual operations and the lack of a consolidated system to view organization-wide liquidity and risk numbers.
The client needed an integrated front-to-back office Treasury Management System with Position Consolidation and Risk Monitoring/Management capabilities. The system should completely automate enterprise-wide treasury operations, which would lead to increased trade volumes, greater profitability and superior operational efficiency.
Intellect deployed its OneTREASURY solution that went live in 29 countries in Africa and in Paris (France). The solution was able to accommodate the client’s Risk Model to provide consolidated information on liquidity positions and risk numbers across branches/regions. The liquidity positions and risk numbers could be viewed in parallel in several active screens for varied user requested scenarios.
The provision of On-Demand FX, Liquidity and Risk positions helps traders to make improved investment and funding decisions. The online interface between front-office and back-office systems enhanced deal processing efficiency and reduced reconciliation time. The implementation resulted in increased trade volumes and value, improvements in P/L and reduction in risk.