Bank of Western Australia (BankWest) has licensed technology from SunGard Treasury Systems for the straight-through processing of its treasury operations.
The bank will implement SunGard's Quantum product throughout its front-, middle- and back-office to support its range of wholesale and retail financial products and commodity trading activities.
BankWest says it chose Quantum because of its ability to provide live profit and loss information in an intuitive and user-friendly interface, as well as the system’s robust risk reporting dynamics and front-office pricing tool.
Trevor Crooke, director financial markets, BankWest, comments: "It is important for BankWest to partner with a provider who has demonstrated financial strength and is able to provide the single point deal entry for the front-office with straight-through processing and automation of back-office procedures."