Bankmed, one of the largest banks in Lebanon, selected Acumennet by Login SA, a Profile Company, as their Group-wide Treasury platform to help the bank deliver faster services across users and customers and help them achieve digital transformation by increasing efficiency, control and STP.
Bankmed has more than 2,000 employees, 50 local branches, one e-Branch, five overseas offices and four banking subsidiaries. Their key mission is “to best serve and empower their customers and the society at large, to dream, innovate and grow.”
Acumennet was selected after an RFP process for their entire Treasury requirements, and 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 full process was automated with the bank achieving data migration in the most turbulent times with the COVID outbreak, along with full support of highly experienced consultants. All processes and daily activities ran smoothly from the beginning without affecting the “normality” of the bank.
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.