Germany's DekaBank has implemented Trema's flagship product Finance Kit to support its foreign exchange risk and liquidity management across the enterprise.
DekaBank has deployed Finance Kit at its Frankfurt and Luxembourg offices to manage the bank's entire foreign exchange and money market deals.
The product has replaced two legacy systems at the recently-merged bank and a treasury application package and has been integrated with exisiting front and back-end systems. Trema says the software will improve STP by capturing and processing cash flows via a customised interfacing system.
Wolfgang Rau, DekaBank's chief information officer, says "Our philosophy is to implement STP to reduce operational risk wherever possible and through the completion of this project we have brought together a variety of disparate systems in a highly integrated way."