Eurobase Banking Solutions, part of the leading global software and services organisation Eurobase International Group, is pleased to announce that Zenith Bank (UK) has gone live with Siena Front Office, providing the Bank with a real-time, multi-asset class, deal capture, cash management and position keeping solution.
The Siena implementation gives the bank a front office treasury solution which is integrated with its Temenos®T24 application. Not only will the Bank benefit from the broad selection of asset classes available in Siena, it will also benefit from real-time positions and exposures to manage risk, control consolidated cash-flows and gauge interest rate sensitivity. Automated deal feed and price import handling has been introduced to enhance existing processes to provide straight through processing. The two way real-time interface with ®T24 handles deal export, limits, integration with a central customer file, cash-flow balance consolidation and rates distribution.
John Shea, Head of Finance & Operations, Zenith Bank (UK) commented “The Siena Front office solution has given the Bank’s Treasury area the toolsets to manage exposure and control risk. It has become a strategic part of our operations.”
Joe Locke, Operations Director at Eurobase Banking Solutions, stated “We are pleased that Zenith is recognising all the business benefits it set out to realise when it selected Siena Front Office. We are looking forward to continuing our strong relationship with the Bank”