Croatia-based Zagrebaèka Banka has gone live with MKI Frustum’s Opics treasury & capital markets system in support of head office treasury operations in Zagreb.
The system includes applications to support foreign exchange, deposits & loans, fixed income and call & notice transactions, together with nostro management, accounting sub-ledger, customer credit and risk management analytics modules.
Miroslav Acman, Zagrebaèka Banka’s IT division project manager, says: "A vital feature of the new system was the ability to transfer data from the Opics general ledger to the bank’s main general ledger system. Because Opics provides a more sophisticated environment than was previously available, we took the opportunity to improve our accounting procedures and have even enforced changes to part of the Central Bank’s requirements."
"Another requirement was the flexibility to interface to Reuters 2000 and the Swift messaging system," adds Acman.