Bahraini-Saudi Bank implements treasury management
Bahraini Saudi Bank has implemented an integrated treasury management solution to mechanise its complete treasury operation.
Bahraini Saudi Bank has implemented an integrated treasury management solution to mechanise its complete treasury operation, enhance delivery of mission-critical information and improve risk management by effectively automating and streamlining their whole treasury operation, enabling straight-through processing, risk management and back-office support.
The bank says it chose 3i Infotech’s Kastle suite over other treasury management solutions as it best suited their specific requirements whilst crystallising their treasury initiatives.
“With Kastle in place we have achieved seamless straight-through processing by building the interface between our front and back end systems. The entire process is now in real-time with direct feeds for Forex and Money Market for exchange rates and deals,” said Khalid Shaheen, CEO, Bahraini Saudi Bank.
The project completion follows the recent announcement that Bahraini Saudi Bank clients now have 24-hour global access to foreign exchange markets.
“We are confident that with Kastle in place, Bahrain Saudi Bank’s treasury division will enjoy the rewards of advanced treasury management capabilities, allowing them to better serve the needs of their growing customer base,” said Kalpesh Desai, chief operating officer, 3i Infotech, Europe, Middle East and Africa.