AmBank Group and FinIQ are pleased to announce that AmBank will be using the FinIQ e-Treasury platform to automate bank’s treasury and structured product distribution. The project will enable bank’s branch network to offer FX spot, forward as well as currency linked investments with real-time pricing and booking. The bank has a further option to rollout additional product variations based on other asset classes such as equity, rates and commodity.
Shodhan Shah, Director at FinIQ says, “We are very proud to have AmBank as our client and are looking forward to a long fruitful partnership with the bank. The project scope is very wide; it involves automation with rate feeds, enhancements to pricing models, integration with banking and trading systems amongst other things. Given our strong implementation track record over past ten years, we believe we should complete the project on-target which is by mid-2012.”