Infosys Technologies Ltd. today announced the launch of Finacle Treasury-in-a-Box, a rapid implementation framework for an integrated front, middle and back office treasury system.
Built on best-of-breed open technology platforms, providing high scalability, flexibility and straight-through-processing capability, Finacle Treasury-in-a-Box(TM) allows banks to get started with minimum scoping effort and leverage an extensive menu of features, interfaces and functionalities. It supports a wide range of financial products and their derivatives in foreign exchange, money markets, fixed income and equities.
Progressive treasury depar(TM)ents at banks today need a technology platform flexible enough to evolve and scale as per growing requirements with simultaneous optimization of technology development efforts and financial inves(TM)ent. On the other hand, modernizing treasury systems remains a critical challenge for banks. The perceived business risks and a prolonged implementation process and apprehension on scale of inves(TM)ent drive banks to continue with their current solutions that has limited capabilities and high maintenance cost.
According to Haragopal Mangipudi, Global Head - Finacle, Infosys Technologies, "With Finacle Treasury-in-a-Box, banks have a viable alternative in an easy-to-use, innovative solution that grows with evolving requirements. Rapid implementation with controlled spending is of essence since banks can select the functions that matter the most. Time to market advantage is critical for any successful implementation and Finacle Treasury-in-a-Box is designed to help our clients reap this benefit."
Finacle Treasury-in-a-Box(TM) provides full support for the trading, risk management and administration of on-balance-sheet and off-balance-sheet financial market products. The solution enables banks to custom-build a treasury system with minimum time and effort and enhanced process efficiency. It also provides full back office processing capabilities including General Ledger, and has extensive middle office features such as integrated market and credit risk management (including Value at Risk), limits management and liquidity management.
A leader in banking transformation, Finacle(TM) has a global footprint across 65 countries. Finacle(TM) is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award, The Asian Banker IT Implementation Award and The Banking Technology Judge's Special Award for "Innovative Use of IT".