State Bank of Mauritius goes Live on Credence iDEAL

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tate Bank of Mauritius India treasury operations went live on Credence iDEAL treasury management software. The software implementation covers the integrated treasury operations of both rupee and forex operations. .

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redence iDEAL is a comprehensive treasury software addressing all treasury requirements from front office to back office. It allows for mid-office limit monitoring as well as VaR reporting for treasury portfolio. The system supports local regulatory guidelines and helps in regulatory reporting.Credence iDEAL is already operational in number of Indian banks notable being State Bank of Hyderabad, Indian Bank, Oriental Bank of Commerece. The current Version 4.0 comprehensively address almost all typical requirements of treasury operations. .

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s the standard product is already attuned to Indian market requirement the bank went live in a record time. speaking of implementationMr. Ravi kumar (CEO, State Bank of Mauritius) notes that "The first phase of implementation having been completed in a record time is attributed to the team work of Credence Analytics." some of the salient aspects of the implementations are interface to market information system for live MTM, nostro recon and new interface to BAREX market trading platform.

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redence Analytics is a highly specialized financial software product provider with a rich experience of over 15 years in the industry. As a highly focused vendor credence analytics address the requirements of Banks, Asset Management Companies, Insurance Companies, Non-Banking Financial Companies and Corporate finance departments in the areas of Treasury, Investment Management, Fund Administration, Investor serving and Risk Management.

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ased in India, Credence Analytics has a reputable customer base in India that comprises of leading Banks/institutions like Reliance Mutual Fund (Largest Asset Management Company in India), HDFC Bank (Second Largest Non-Government owned bank in India), SBI Life Insurance (Second largest life insurance company in India) and SBI Associate Banks (Largest Banking Group in India). Credence Analytics also has presence in South East Asia, Middle East, African Countries with clients in Nigeria, Bahrain, UAE, Sri Lanka and Philippines. The strength of Credence Analytics is its strong domain expertise in the areas of Treasury, Investment Management and Risk Management. The Firm Strongly believes that its role goes beyond providing software solution by actively implementing the solution and advising the customer on how to use the software to the fullest extent.

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