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Infosys Launches Finacle Treasury-In-A-Box™

Modernisation of treasury systems has always been a big challenge for banks, as it entails more than significant investment and business risk. Long lead times involving a lengthy scoping exercise could mean that the original objectives have changed by the time the system is finally ready, leaving the bank no better off than before. That apart, paying for a full-blown solution is not commercially viable for banks that might have operations limited to, say, the money market and fixed income segments.  The perceived business risks and a prolonged implementation process and apprehension on scale of investment drive banks to continue with their current solutions that has limited capabilities and high maintenance cost.

However, modernisation is essential due to the complexity of treasury and trading products. Banks may face high opportunity costs and unreliable risk management if a proper system is not in place.

The decision to go in for a new treasury solution is indeed a tricky one particularly for mid-sized banks. Financial institution that are just starting out or have limited play in this area have an expedient alternative in the form of a best-in-class boxed-up package that can be deployed modularly and quickly, but at the same time be customised to their needs.

Infosys Technologies Ltd. yesterday announced the launch of Finacle Treasury-in-a-Box, a rapid implementation framework for an integrated front, middle and back office treasury system. The product built on best of breed open technology platforms provides banks with high flexibility and straight-through processing capabilities. The solution enables banks the twin benefits of rapid implementation and high scalability.  The extensive menu of features, interfaces and functionalities supports a wide range of financial products and their derivatives in foreign exchange, money markets, fixed income and equities allowing banks faster time to market for their products and offerings.

More details on press release are available here.  

Posted by Milind G Kolhatkar on March 12, 2010 9:24 AM |

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