News Column

Union National Bank goes live on Infosys Finacle to power its treasury operations

May 22, 2014

Union National Bank (UNB) has announced the implementation of the Infosys Finacle Treasury solution to empower its treasury and capital markets' business as well as integrate its trading, risk management and back office operations.

Finacle management modules that were implemented at UNB are (Forex, Money Market, Fixed Income Securities, Equities, Derivatives, VaR and Limits and Risk Tracking).

The successful implementation of the Finacle Treasury Solution will help UNB process trades faster and also aggregate risk across multiple asset classes seamlessly. It has enabled UNB to manage more asset types and has also helped it extend its Fixed Income offering to newer markets in Europe and South East Asia. With Finacle Treasury Solution the monitoring of various limits and alerts to relevant stakeholders at UNB have been automated to support real-time monitoring and action in case of a security breach. It is also worth mentioning that the regulatory reports can be prepared with ease ensuring compliance and reducing time spent on reconciliation between the bank's middle-office and front-office records.

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Source: CPI Financial

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