Jordan National Bank is installing an integrated treasury management system based on SunGard Treasury Systems' AvantGard Quantum, AvantGard-Risk and BancWare products.
SunGard says the new integrated system will automate the management of treasury and capital market products, increase the efficiency of assets and liabilities and risk management, and help enhance controls.
Rashid Daoudi, deputy chief executive officer, Jordan National Bank, says banking technology is progressing rapidly in the country, as Jordan is becoming an IT hub as well as the entry market for foreign banks expanding into the Middle East.
"We sought a solution that would help us to quickly and easily adapt to these changes and help us to manage and comply with all the associated risks and regulatory requirements," he says.
The products were recommended by MDS, a consulting firm commissioned by the bank.