Infosys Technologies recently 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 and equipped
with straight-through-processing capability, Infosys claims that
the solution will allow 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 departments 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 investment. 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 investment drive banks to
continue with their current solutions that has limited capabilities
and high maintenance cost.
“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,” said Haragopal
Mangipudi, Global Head - Finacle, Infosys Technologies.
Finacle Treasury-in-a-Box 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.
"Disclaimer Note: "InformationWeek India and UBM India do not endorse, and have not verified the views and claims expressed in this vendor Press Release."