Trema today announced that Cape of Good Hope Bank, South Africa’s oldest financial institution, has gone live with Trema Finance KIT for its treasury and risk management solution. Trema Finance KIT will provide the Bank with a single, centralized system for managing its positions and overall risks.
Cape of Good Hope Bank has gone live with the complete front-to-back office functionality of Trema Finance KIT. The straight-through processing of transactions will streamline operations and improve risk management, releasing internal resources to focus more time on value-added activities. The wide instrument coverage of Trema Finance KIT has allowed Cape of Good Hope Bank to expand its clients’ trading options to include money market, capital market and derivative instruments.
The use of Trema’s pre-configured best practice solution for financial institutions facilitated the delivery of a rapid implementation. Furthermore, Trema Finance KIT’s open architecture means the system was easily configured for the South Africa specific instruments the Bank required, such as, prime-linked NCDs and Rand Overnight Deposit Swaps.
Andre Nortje, Treasurer, Cape of Good Hope Bank, comments, “Trema has a very strong regional presence in South Africa and a solid understanding of how our local markets work. We set out a tight schedule for this implementation and we are delighted that Trema delivered such a comprehensive set-up in so short a space of time. The project was under budget and ran smoothly from beginning to end. It was great having such an excellent project team on board.”
Jan Hallsenius, Managing Director, Trema Group, comments, “We are experiencing uptake of our solution by an increasing number of financial institutions worldwide. Trema is committed to ongoing research and development for financial institutions to ensure that Trema Finance KIT continues to accommodate the specific requirements of this group.”