CBA runs a successful and highly competitive treasury business which has accounted for a large proportion of its revenues. In order to maintain this profitability, CBA recognised the need to invest in a state of the art software platform to boost efficiency and enhance the productivity of its dealing room.
"With Treasury Trader fully integrated to our core banking platform TEMENOS T24 (T24), we benefit from a single intuitive trading platform that delivers a centralised view of our operations to better serve our clients. Within the dealing room, we can organise and execute trading activities more effectively into flexible portfolios for every trading desk. Treasury Trader together with T24 enables our group to centralise and effectively manage all of our treasury operations from one point for increased efficiency and effective risk management" commented Eric Muriuki Njagi, Enterprise Programmes Management, CBA.
Launched by Temenos last year, Treasury Trader synchronises a bank's end to end operations to provide a seamless and transparent information flow with real time links to the market for instant and accurate data access and a wide range of risk, planning and analysis tools.
"Today, all banks are seeking to increase the capacity, efficiency and ultimately the profitability of their treasury operations. STP technology plays an important role by enhancing the cost-effectiveness of staff right across the business", commented David Helps, Product Manager, Treasury, Temenos. "At the same time, increased focus on risk is driving the need for every bank to utilise modern solutions for a complete bank view, not just the treasury operation in isolation. We are delighted to welcome CBA as our first T24 site live with Treasury Trader and now look forward to rolling out the solution in their Tanzania branch and observing how the new platform will contribute to CBA's success".
-Ends-
About Temenos
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic and microfinance & community banks. Headquartered in Geneva with more than 60 offices worldwide, Temenos serves over 1,500 customers in more than 125 countries across the world. Temenos' software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos' experience in over 700 implementations around the globe. Temenos customers are proven to be more profitable than their peers: data from The Banker - top 1000 banks shows that Temenos' customers enjoy a 54% higher return on assets, a 62% higher return on capital and a cost/income ratio that is 7.2 points lower than non-Temenos customers.
Other Temenos contacts:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 79 310 96 22
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Petra Shuttlewood
Temenos PR Manager
Tel: +44 (0) 207 423 3751
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Sarah Bowman
Associate Director, Investor Relations
Tel: +1 646 472 8069
Mob: +1 646 752 5463
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Claire Barry
Hudson Sandler for Temenos
T +44 (0)20 7710 8940
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Lucy Clark
Hudson Sandler for Temenos
T +44 (0)20 7710 8934
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