Leading African Bank Transforms FX Operations With Temenos

Geneva - 13 December 2011

Temenos (SIX:TEMN), the global provider of banking software today announced that Commercial Bank of Africa (CBA), Kenya’s largest privately owned bank has implemented Treasury Trader, an advanced front to back office solution specifically designed to support leading treasury functions.

CBA runs a successful and highly competitive treasury business which has accounted for a large proportion of its revenues. In order to maintain this profitability, CBA recognised the need to invest in a state of the art software platform to boost efficiency and enhance the productivity of its dealing room.

“With Treasury Trader fully integrated to our core banking platform TEMENOS T24 (T24), we benefit from a single intuitive trading platform that delivers a centralised view of our operations to better serve our clients. Within the dealing room, we can organise and execute trading activities more effectively into flexible portfolios for every trading desk. Treasury Trader together with T24 enables our group to centralise and effectively manage all of our treasury operations from one point for increased efficiency and effective risk management” commented Eric Muriuki Njagi, Enterprise Programmes Management, CBA.

Launched by Temenos last year, Treasury Trader synchronises a bank’s end to end operations to provide a seamless and transparent information flow with real time links to the market for instant and accurate data access and a wide range of risk, planning and analysis tools.

“Today, all banks are seeking to increase the capacity, efficiency and ultimately the profitability of their treasury operations. STP technology plays an important role by enhancing the cost-effectiveness of staff right across the business”, commented David Helps, Product Manager, Treasury, Temenos. “At the same time, increased focus on risk is driving the need for every bank to utilise modern solutions for a complete bank view, not just the treasury operation in isolation. We are delighted to welcome CBA as our first T24 site live with Treasury Trader; we now look forward to rolling out the solution in their Tanzania branch and observing how the new platform will contribute to CBA’s success”.

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