eNewsletter Summer 2019
Sumitomo Mitsui Trust Bank, (SuMiTB) in Japan selected Acumen-net to support their Treasury operations across six overseas offices in the United Kingdom, USA, China, Singapore, Hong Kong and Thailand.
SuMiTB was looking for a core banking system to replace their legacy system and for a comprehensive Treasury Management Solution that would allow standardisation of processes across the overseas offices with a fully integrated STP platform that would streamline operations between front and back office and eliminate double input. SuMiTB was also looking for the solution with a common database to facilitate its global management system while overcoming the induced challenges of time zones, volumes and confidentiality across offices. SuMiTB is exploring to utilise cloud environment to run the solution for maximising its benefit. The solution will be implemented across their overseas offices, in London, New York, Singapore, Bangkok, Hong Kong and Shanghai.