Advanced scalable treasury solution to Provide end-to-end treasury management for their India operation
Intellect Design Arena announces, Bank of Ceylon (BOC), Sri Lanka chooses Intellect’s One Treasury Solution to drive end-to-end treasury management for their India operations. The aim is to increase productivity and provide quick time-to-market advantage for the Bank. The fast-track deployment, of five months, is expected to go-live in the last week of June, 2015.
The complexity of modern Treasury Management Systems is increasing as Treasuries are becoming controlled, regulated and monitored. Financial Institutions are looking for enterprise treasury and risk management solutions that can streamline their global trading operations and help make insightful decisions. Intellect One Treasury will help the banks to transition from managing risk to leveraging risk for business advantage thereby giving the bank the upper edge to compete globally. Intellect One Treasury enables diversification of funding, regulatory compliance, integration of disparate systems, agility essential for new products development and extreme risk visualisation.
K Srinivasan, EVP & Geography Head, Indian Subcontinent, Middle East, and Africa (IMEA) said, “Bank of Ceylon is the largest bank in Sri Lanka and their choice of Intellect Treasury for their India operations is yet another testimony of our Treasury solution’s superior functionality and our leadership in the Treasury space in the country. 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.”
