Kampala-based Orient Bank has selected Acumennet, a complete, web-based Treasury Management platform for their front-to-back and risk management operations.
Founded in 1993, Orient Bank is a leading commercial bank based in Kampala with 23 branches across the country. The Treasury Department is dealing in FX, MM, Repos/Reverse repos and Securities. They were looking for a flexible, easy to integrate and robust solution to support their operations.
Following an international vendor assessment, the bank selected Acumennet due to its real time, automated and powerful capabilities for reporting and STP (Straight Through Processing). By being a truly flexible treasury management solution, Acumennet empowers the bank to monitor all Treasury related elements ranging from positions to accrual calculation. It manages the full process of customer bond orders and execution on the primary market, while checking limits in real time with automatic generation of SWIFT confirmations. The solution also supports risk management functions for counterparty risk, market risk and offers a comprehensive approach to handling risk related issues so as to safeguard the bank’s operations.
Acumennet will enable them to efficiently manage all pertinent functions in the most advanced manner while offering seamless integration with their existing Core banking system.