National Bank of Slovakia signs for Wall Street Systems' TremaSuite

National Bank of Slovakia signs for Wall Street Systems' TremaSuite

Wall Street Systems has signed The National Bank of Slovakia (NBS) to its treasury and asset management software package, TremaSuite.

Wall Street Systems says the bank will use TremaSuite to manage front, middle and back office banking functions.

The system will integrate and automate the bank's foreign reserve management and monetary policy operations, including consolidated accounting and audit.

Frantisek Szulenyi, director of risk management, NBS, says: "We selected WallStreet Treasury TremaSuite based on its end-to-end capabilities and flexibility to integrate seamlessly and cost-effectively within our existing in-house systems."

The vendor says the central banking accounting module (CBAM) from TremaSuite will bring the bank in line with revised Eurosystem accounting standards as drawn up by the Governing Council of the European Central Bank.

In addition the NBS has acquired licenses for the real time platform, foreign reserve management module, monetary policy module, performance and attribution module and the accounting module from TremaSuite.

The implementation is expected to be competed by July 2008 and will be carried out by Wall Street Systems' local partner PreFIS.

Terry Beadle, regional vice president, government and ROW, Wall Street Systems, says the NBS deal brings the total number of central banks using TremaSuite to 18.

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