Tue, 03 November 2020
National Bank of Bahrain (NBB) has gone live with the latest version of Fusion Kondor, Finastra’s treasury management solution. The move will enhance and automate the bank’s treasury and trading operations, including price calculations, trader activity monitoring and risk management, enabling it to offer new products to its customers and grow its market share in Bahrain, as well as expand into new markets.
NBB Treasury Customer Service Sales Flow Business Head, Maha Al Mahmood, said: “Treasury is an integral part of the bank’s operations and its revenue stream. Automating this part of the business means that we can further improve the customer experience and expand our operations.”
Fusion Kondor will give National Bank of Bahrain an independent view of valuations and risk involved in treasury activities, which are crucial to the bank and to regulators. The bank’s efficiency and speed in settling and processing payments, and independently evaluating all pricing and trading decisions in real time, will further strengthen risk management for the bank’s trading operations.
Finastra Services worked together with National Bank of Bahrain to upgrade Fusion Kondor in under nine months, using its best-practice Fusion Advance program.