ABSA Singapore installs Financial Objects activebank2 package

ABSA Singapore installs Financial Objects activebank2 package

Amalgamated Banks of South Africa (ABSA) has installed Financial Objects' activebank2 software in an effort to improve efficiency at its Singapore treasury operations.

The package will provide ABSA Singapore with more flexible portfolio management capabilities, increased trading capacity, messaging capabilities, streamllined transaction processing and a wider range of Internet-based tools, says the company.

activebank2 also provides real-time mark to market P&L for all deal types, dealer and counterparty, and market risk management utilising real-time VaR, NPV and 'what if' scenarios.

David Meadows, general manager, ABSA, says: "By choosing activebank2 we have met all of our needs for increased functionality, trading volumes and portfolio management."

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