Maybank opts Intellect’s OneTREASURY for India ops
Published
Indonesia’s Maybank has selected Intellect’s Integrated Treasury Management System (ITMS) – OneTREASURY for their Indian operations. The centralized treasury management solution from Intellect’s risk, treasury and markets (iRTM) division has enhanced operational efficiency across asset classes and enabled the overseas branch to eliminate dependence on intensive manual operations. The entire process of solution deployment, user acceptance testing (UAT) and data migration was completed in a span of seven months. ITMS solution is compliant with the Reserve Bank of India regulations and integrates seamlessly with the bank’s core banking system. It has flexible data upload facilities. It will enable its Indian customers to trade across fixed income, money market and foreign exchange securities electronically and mitigate the risk associated with these trading activities. Maybank India CEO Pravin Batra said the implementation has been smooth and has enabled the bank to meet India-specific regulatory needs in line with its business objectives. Intellect risk, treasury and capital markets CEO Venkatesh Srinivasan said the cost effective OneTREASURY solution meets the Indian regulatory requirements which will enable the bank to achieve its business objectives and improve its competitiveness in the international marketplace.
