20 May 2018

African Development Bank licenses Summit front-to-back office software

13 January 2003  |  771 views  |  0 African Development Bank licenses Summit front-to-back office software

The African Development Bank (ADB) has rolled out Summit Systems' OTC derivatives and fixed income software to treasury and accounting divisions at its Ivory Coast headquarters.

The Summit package supports bonds, FX, money markets, FRAs, futures, swap options and caps/floors. The bank has also licensed Summit's credit risk analysis module.

Patrick Kei-Boguinard, ADB project manager, says the system "provides a consistent way of handling the bank's specific requirements in terms of workflow procedures, credit risk management, support for complex structured issuance products and reports generation".

The system was implemented by local bank employees and staff from Summit's Paris office.

ADB says it is planning to add real-time trading support for bonds and repos and is also considering licensing Summit's e-Toolkit package for Web-based banking.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.com/news/mobile-firstvisit www.ebaday.com

Top topics

Most viewed Most shared
Ripple moves to build ecosystem around XRPRipple moves to build ecosystem around XRP
9530 views comments | 5 tweets | 7 linkedin
HSBC claims blockchain breakthrough for trade financeHSBC claims blockchain breakthrough for tr...
9208 views comments | 14 tweets | 16 linkedin
IT implications and the need to pivotIT implications and the need to pivot
9205 views comments | 2 linkedin
Irish bank caught in social media spying stormIrish bank caught in social media spying s...
8013 views comments | 25 tweets | 16 linkedin
Former JPMorgan blockchain leads unveil new startupFormer JPMorgan blockchain leads unveil ne...
7154 views comments | 2 tweets | 2 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job