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Bank One, one of the leading banks in Mauritius, has announced the successful implementation of the Infosys Finacle Treasury solution.
With Finacle, the bank’s treasury operations’ back-office processes are now automated, thereby improving its operational efficiency and reducing manual effort, according to Infosys officials.
Further, the solution opens up new revenue opportunities for Bank One by empowering users to diversify their investments in various treasury products and maximise returns, the statement added.
The solution will enable the bank to centrally monitor its global currency position, with automated Nostro reconciliation and accurate assessment of value at risk.
It will also manage market and credit risk using Finacle Treasury’s risk module and built-in limits and exposure tracking features, compliance with regulators among other features.
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