Bank One of Mauritius has implemented Infosys Finacle Treasury solution.
Infosys Finacle Treasury solution has enabled Bank One of Mauritius to automate the bank’s treasury operations’ back office processes, significantly improving its operational efficiency and reducing manual effort.
The solution also empowers Bank One users to diversify their investments in various treasury products and maximise their returns.
Prior to implementing the Finacle solution, all treasury operations at the bank were done manually.
The new treasury solution from Finacle will enable centralized monitoring of the bank’s global currency position, with automated Nostro reconciliation and accurate assessment of value at risk.
In addition to effective management of market and credit risk using Finacle Treasury’s risk module and built-in limits and exposure tracking features, the solution also ensures seamless integration with Bank One’s deal platform, enabling efficient capture of information directly from external trading platforms.
Venkatramana Gosavi, regional head, Growth Markets – Finacle, Infosys, said following the success of the Finacle core banking solution with Bank One, Finacle Treasury will further support the bank to achieve its goal of becoming one of the most efficient, customer friendly and profitable banking organizations in Mauritius.