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Treasury in the new eraeNewsletter Autumn 2020

Bankmed, one of the largest banks in Lebanon, went live with Acumennet, as their Group wide Treasury platform, embarking on a major digital transformation to help the bank deliver faster services across users and customers.

They selected Acumennet for all their treasury requirements as it was evaluated the most suitable platform to help them achieve digital transformation by increasing efficiency, control and STP. The full process is automated with the bank achieving data migration in the most turbulent times along with the full support of highly experienced consultants. All processes and daily activities run smoothly without affecting the “normality” of the bank.

Acumennet has been deployed as a Front-Middle-Risk Treasury system across a comprehensive spectrum of asset classes such as Forex, Money Market, IRS and CRS, Currency Options, Futures and Options, as well as Securities. The platform was implemented in collaboration with Oracle since it has full integration to FCUBS. By selecting the award-winning Treasury Management platform, the bank is able to manage a wide range of instruments including very complex derivative structures and benefits from a robust technology infrastructure for its operations, as well as for its risk management.

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