British Arab Commercial Bank (BACB) is to implement Eurobase Banking Solutions' Java-based application Siena to support front and middle office treasury operations at its London office.
Eurobase says Siena will integrate with the bank's automated trading software, such as EBS and Reuters, as well as its back-office system, facilitating straight-through processing (STP) and reducing transaction processing costs.
The package also provides positional, exposure, cashflow, risk and credit displays, including CLS functionality, and is supported by settlement and real-time reporting.