Commercial Bank of Kuwait selects TCS BaNCS for its treasury operations

Tuesday 29 June 2021 11:26 CET | News

Commercial Bank of Kuwait (CBK) has selected TCS BaNCS for Treasury to manage risk better, improve asset class coverage, and drive future growth.  

TCS BaNCS for Treasury will help CBK offer a wider range of cash and derivative treasury products, integrate various trading and messaging platforms, manage cash and positions in real time, and offer extensive accounting and reporting capabilities. This front-to-back, cross-asset solution will enable the bank to lay a foundation for digitisation and expand its customer base.

The integrated solution offers comprehensive straight-through processing, and automated confirmation, settlement, clearing, collateral management, and dispute resolution along with integrated accounting. It rests on a digital core and comes with standardised and APIs that can integrate with the existing IT landscape of CBK.

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Keywords: treasury, partnership, digitalisation, risk management, API
Categories: Banking & Fintech
Countries: Kuwait
This article is part of category

Banking & Fintech

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