Malta's Bank of Valletta has selected Trema's Finance KIT to streamline its business processes across its front, middle and back office operations.
The bank will use Finance KIT for treasury, cash and risk management of all asset classes including foreign exchange, money market, and fixed income instruments as well as derivatives and equities.
The package includes connection to Trema Settlement HUB, a Swift compliant messaging solution enabling secure, real-time exchange of payment and other settlement instructions with financial counterparts. The bank will also use the Finance KIT Deal Mirroring module, a deal entry automation tool allowing customisation of risk management strategies and regulatory requirements.
Tony Camilleri, executive head of Bank Of Valletta's financial markets division, says: "We chose Finance KIT over other banking systems because it is a powerful, comprehensive straight-through processing solution that should fulfil the bank's wholesale requirements. Finance KIT will improve productivity in a number of areas including limit and risk management."
The system is scheduled to go live by August of this year.