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Malta's APS Bank licenses SimCorp treasury and investment management system

19 January 2006  |  834 views  |  0 Source: SimCorp

APS Bank, a Maltese bank, has selected SimCorp's IT/2 for straight-through-processing of its treasury and investment management operations.

The system will be used for straight-through-processing of the bank's Investment Management, FX Dealing, Back Office Settlements (via SWIFT) and Accounting activities. IT/2 will also handle Asset and Liability Management, Risk Management and the production of statutory reports, including MFSA and Central Bank submissions.

Following a detailed evaluation, APS Bank found that the depth and breadth of IT/2 functionality provided an optimal solution for their needs, at a cost that is justifiable for a small bank. "APS liked the user friendliness and flexibility of IT/2 which we found gave more long term benefits than more expensive best of breed solutions", said Sandro Baluci, Senior Manager at the Bank's Asset Management Division. "The straight-through processing and reporting capabilities of IT/2 will deliver extensive resource savings and improved control at the bank," added Mr. Baluci.

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