Trema, which makes asset management software, says it has developed what it calls a ‘Factory Solution,’ designed to streamline implementation of its central banking technology for mid-tier government financial institutions.
It aims to deliver a fully preconfigured solution and an implementation methodology which reduces costs and minimizes the impact on banks’ resources, while delivering the same technology and functionality as used by larger central banks. Other benefits include fixed pricing, a pre-defined time limit and minimized implementation risk.
“Solutions providers are key to the evolution of any central bank’s infrastructure and levels of efficiency,” says Giovanni Mascarenhas, Manager – Treasury Financial Applications, The World Bank. “The World Bank believes that innovation and commercial awareness in system selection is key to our clients’ progress in the long term. We will continue to work with central banks on a global basis to implement streamlined technology to improve operational efficiency through training projects.”
The Trema Suite v.6.5 currently manages over 80% of Eurozone’s foreign reserves and is used by a wide range of central banks and government institutions globally. Trema claims its accumulated industry expertise has been crucial in developing the Factory Solution methodology.
Terry Beadle, Executive Vice President and Head of the Government sector at Trema, says “the Factory Solution means that we can now offer mid-tier central banks an implementation approach that suits their needs. We have already successfully executed the Trema Suite using the new methodology in the Central Bank of Trinidad and Tobago and we plan to work with more mid-tier organizations going forward.”