Orient Bank to use Profile Software for treasury management

Monday 1 October 2018 00:09 CET | News

Uganda-based Orient Bank has implemented Profile Software’s web-based treasury management platform Acumen.

Acumen is said to make the bank’s operations more efficient in the front and middle office, from positions to accrual calculation. It manages the full process of customer bond orders and execution on the primary market, while checking limits in real time with automatic generation of Swift confirmations.

The solution will be interfaced to Orient Bank’s core banking system, Flexcube 12, from Oracle FSS. Acumen also supports risk management functions for counterparty risk and market risk.

Orient Bank was founded in 1993 and is based in Kampala. It has 23 branches across the country, and offers commercial and retail banking services. It has total assets of UGX 680 billion (USD 180 million).

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Keywords: Orient Bank, Profile Software, Treasury Management, Acumen, Uganda, accrual calculation, Swift confirmation
Countries: World

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