BoC goes for 'Finacle' treasury system
The Bank of Ceylon (BoC) launched its new Treasury System 'Finacle'
in conjunction with Infosys and their business alliance partner
Millennium IT a leading IT solution provider in Sri Lanka.
Bank of Ceylon deployed the New Age Infosys Finacle Treasury Solution
Version 11.2.1 to provide its customers with a new paradigm in service
excellence and convenience with this state-of-the-art platform.
The new system enables the Treasury activities of the Bank of Ceylon
to strengthen its Risk Management and provide a speedy and modern
service to its customers and counter-parties.
The Bank of Ceylon Treasury plays a vital role in the performance of
the Bank by contributing a significant amount towards profitability. BoC
caters to all spheres of society from the smallest investor to the
largest Corporate.
BoC Treasury attracts a large number of local and foreign customers
by quoting competitive foreign exchange rates, and engaging in Repo and
Reverse Repo transactions, Rupee denominated Government Securities such
as Treasury Bills and Bonds and currency options to corporate customers
to mitigate the exchange rate and interest rate risks.
They also maintain a strong global presence with over 859
correspondent relationships with Overseas Banks.
Chairman, Bank of Ceylon, Roland C. Perera and General Manager Bank
of Ceylon D. M. Gunasekara launched the system recently.
Finacle is an award-winning universal banking solution suite from
Infosys. Finacle today powers banks in 84 countries. Finacle has been
rated a leader by various independent analysts including Gartner,
Forrester and others.
Millennium IT is the power behind many of the world's financial
markets and is a fully-owned subsidiary of the London Stock Exchange
Group. They have spearheaded implementation of Finacle Treasury at major
State and Private sector Banks in Sri Lanka. |