United Bank chooses treasury solution from SunGard
Pakistan’s United Bank (UBL) has implemented SunGard’s Ambit Treasury Management solution to help the consolidation of multiple systems across its treasury business onto a single platform.
“An integrated treasury management solution will help UBL eliminate unnecessary systems and manual processes and achieve best practices across its treasury function,” said Andrew Woods, executive vice-president of treasury for SunGard’s Ambit Corporate Banking business unit, in a statement. “Ambit Treasury Management consolidates enterprise information onto a single platform to offer a real-time view of risk and cash positions. The solution helps banks, such as UBL, provide a comprehensive service to their corporate clients and helps bank treasurers increase efficiency, reduce cost and better manage capital.”
SunGard’s solution will help UBL automate and standardise processes across its treasury in Pakistan and international locations in the Middle East.
State Bank of India partners with Diebold
The State Bank of India (SBI) has mandated US-based automated teller machine (ATM) provider, Diebold, to deploy 1,000 cash dispensers, more than 600 full-function lobby ATMs and around 60 cash recyclers as part of an ATM expansion project for State Bank Group (SBG).
“As the self-service market evolves, automated self-service deposit functions continue to gain popularity,” said Naresh Hosangady, South Asia vice-president and managing director at Diebold, in a statement. “SBG has decided to adopt deposit automation to enhance the self-service technology on ATMs, and we look forward to delivering our solution and further developing our relationship with SBG.”
Upon completion, SBG will have a total of more than 28,000 terminals in its ATM network in India. According to SBG, the mandate is part of its plan to support its self-service expansion plan and serve its widespread customer base across the country.
Temenos launches new risk management system
Global banking software systems provider, Temenos, has launched a new risk solution called Insight Risk Intelligence, which is designed to help banks effectively support Basel II and III, asset and liability management (ALM) and market risk management. The solution is an extension of Temenos’ business intelligence suite, Insight, and can be fully integrated with its core banking system Temenos T24.
Insight Risk Intelligence can be deployed out of the box at around four weeks and consists of three modules that are designed to provide banks with tools to address advanced risk modelling and the latest regulatory requirements. The three modules provide a range of liquidity and interest rate analytics; credit, market and operation risk management capabilities; and modelling and pricing analysis tools.
