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Infosys implements its Finacle treasury solution in ECM Bank
Infosys has implemented its Finacle treasury solution in European Credit Management
(ECM) Bank, as the bank’s trading platform for credit derivatives and total return swap
products. This development displaces the incumbent technology solution and has led to the
consolidation of multiple trading platforms onto Fincale treasury. This will enable ECM
Bank to benefit from reduced errors and data duplication. Also, this will help to minimise
total cost of ownership and internal development costs and simplify internal training
processes. ECM Bank will also get advantage of Infosys’ association with the FINCAD
alliance program, which will enable it to access FINCAD’s extensive derivative analytics
library. Access to this built-in pricing based on industry standard analytics will enhance
ECM’s valuation and risk capabilities and make it more responsive to the market.
We maintain our Buy rating on the stock with a target price of `3,200
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Infosys implements its Finacle treasury solution in ECM Bank
Infosys has implemented its Finacle treasury solution in European Credit Management
(ECM) Bank, as the bank’s trading platform for credit derivatives and total return swap
products. This development displaces the incumbent technology solution and has led to the
consolidation of multiple trading platforms onto Fincale treasury. This will enable ECM
Bank to benefit from reduced errors and data duplication. Also, this will help to minimise
total cost of ownership and internal development costs and simplify internal training
processes. ECM Bank will also get advantage of Infosys’ association with the FINCAD
alliance program, which will enable it to access FINCAD’s extensive derivative analytics
library. Access to this built-in pricing based on industry standard analytics will enhance
ECM’s valuation and risk capabilities and make it more responsive to the market.
We maintain our Buy rating on the stock with a target price of `3,200
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