Saudi Hollandi beefs up corporate banking services with application upgrade

Saudi's oldest bank upgrades its core corporate banking applications with the instalment of Reuters’ 3000Xtra and Dealing 3000.

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By  Greg Wilson Published  January 29, 2002

Saudi Hollandi Bank is upgrading its corporate banking applications with the instalment of Reuters’ 3000Xtra and Dealing 3000.

Both systems, working alongside the existing FX Trade Management application will enable a broad insight into different aspects of the business from performance evaluation by currency, counterparts, instrument or trader, to producing daily confirmation statements; monthly trading summaries, brokerage analysis, subscriber directories, currency information, high, low and last trade prices from the Dealing 3000 Spot matching service.

“At Saudi Hollandi Bank… our strategy is to remain at the forefront of the banking industry by continuously embracing new technology. We are happy to be working with Reuters Solutions to help us to achieve our goal,” says Richard Bruens, treasurer, Saudi Hollandi Bank.

“The high levels of service and commitment that Reuters have given us and the support and training that we will receive re-affirm our conviction that Reuters was the best information provider to work with.”

Saudi Hollandi Bank tested Reuters’ 3000Xtra and Dealing 3000 before going ahead with the deal.

Both products will enhance the bank’s access to the global financial trading network and consequently increase productivity.

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