01 October 2003 - British Arab Commercial Bank, London has gone live with Eurobase’s real-time front office treasury management solution Siena. The system is being used to support the bank’s multi-product trading operation in London.
Full straight through processing is facilitated using the systems advanced generic import and export mechanisms. Seamless integration with the bank’s electronic trading systems and existing Midas™ back office system will help lower transaction processing costs and improve both efficiency and productivity.
Siena provides best of breed front-office trading support for a wide array of financial instruments. Positional, exposure, cashflow, risk and credit displays (including full CLS functionality) provide the bank with instant real-time information. This is supported by highly configurable real-time reporting capability giving the bank full control of its trading operation.
Written in 100% Java, Siena is an XML-enabled application facilitating easier connectivity to existing systems, significantly reducing implementation costs and time.
Crispian Denby, BACB’s Chief Financial Officer, commented, "We are delighted that Siena is now live and underpinning our Treasury operation. Throughout the implementation, Eurobase maintained a high level of service on many fronts including account management, project management, commercial input and support. Siena was delivered, including customisations, to specification, and within budget".
David Mallinder, Head of Business Development & Sales at Eurobase Banking Solutions commented, ‘Siena has been developed in conjunction with our existing customers to offer unparalleled real-time front office functionality across all key treasury products. We are delighted that BACB are now live'.