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eNewsletter Winter 2018

Acumennet, the independent treasury solution developed by Login SA, a Profile company, was successfully deployed in Family Bank, Kenya.The bank selected and deployed Acumennet, the comprehensive Treasury Management system, to effectively support Treasury Department’s growing operations. It will act as the backbone of all treasury transactions.

With a branch network of 93 outlets and over 1.8million customers Family Bank is the 5th largest bank in Kenya experiencing a growing balance sheet and deposit base. The Treasury Department of the bank is very active in the local Inter-bank money market and foreign exchange and is committed to providing superior service and value for money. The bank selected and deployed Acumennet, the comprehensive Treasury Management system, to effectively support Treasury Department’s growing operations. It will act as the backbone of all treasury transactions, as it includes all dealing systems and ensures reliable STP with real-time interfaces upstream from several trading platforms and downstream to the back office solution. With the use of Acumennet, the bank will benefit by having a complete view of the exact FX position, making sure intraday and overnight limits are under control.

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