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CHENNAI, INDIA: Intellect Design Arena Ltd, a player in applying Digital Technologies across Banking & Insurance, announced that Bank of Ceylon (BOC), a foreign bank from Sri Lanka has chosen Intellect’s One Treasury Solution to drive end-to-end treasury
management for their India operations.
This is the first foreign bank in India to choose Intellect’s One Treasury solution, to deliver front-mid-back office functionality for its India operations, as added.
The fast-track deployment, of five months, is expected to go-live in the last week of June, 2015.
The announcement explains that financial Institutions are looking for enterprise treasury and risk management solutions that can streamline their global trading operations and help make insightful decisions.
"Treasurers are in desperate need of central enterprise-level global solutions that go beyond mere operations execution. They require intelligent solutions that will assist them in making insightful decisions and utilize advantages of arbitrage opportunities, monitor global exposure and leverage risk information for Performance Management." it says.
K Srinivasan, EVP & Geography Head, Indian Subcontinent, Middle East, and Africa (IMEA) said, “I’m confident that Intellect Treasury will help the bank streamline their business, operations and processes.”
Nihal Surawimala, Country Manager, Bank of Ceylon, Chennai said, “Bank of Ceylon has always looked for a state-of-the-art Treasury solution that has robust features and having out-of-the-box report framework to address the statutory requirements. We are delighted to partner with Intellect for our treasury operations in India, due to their capability to provide not just India-ready solution, with an extensive experience of over 20 Banks in India but also with adequate globally acceptable Treasury functionalities. With this implementation, we look forward to an easy banking interface, statutory reports which are critical to equipping us with the competitive advantage.”