Home GCC Banque Saudi Fransi picks Finastra to automate treasury and trading ops Bank can connect to Finastra’s open platform which is in line with SAMA’s Open Banking initiative by David Ndichu March 23, 2021 Banque Saudi Fransi has picked Fusion Kondor from Finastra to automate and standardise its treasury and trading operations. The Saudi-based bank could also leverage the platform to launch new pricing models, trader activity monitoring and risk management features. Fusion Kondor will enable Banque Saudi Fransi to trade high volumes of treasury while offering the flexibility to support more complex derivatives, options, and structured trades. The open platform easily integrates with existing systems and applications and is customisable to customers’ needs. “As banks focus on improving returns on capital and meeting new regulatory obligations, the treasury occupies a unique position at the very centre of a bank’s operations and its revenue stream,” said Zuhair Mardam, head of Treasury at Banque Saudi Fransi. “Automating this part of the business means that we can manage global treasury trading operations with high levels of efficiency and compliance, yet still manage risk effectively and avoid expensive system costs. Ultimately, this will help us provide an excellent customer experience and help us grow our market share.” Read: International reserves increase Dhs12.6bn in UAE banking system during Nov-Jan Serge Tohme, managing director MEA and Turkey at Finastra said Fusion Kondor offers the bank a comprehensive trading, risk management and regulatory compliance solution. “Further down the line, Banque Saudi Fransi can explore opportunities to enhance its products and services by using the solution’s open APIs and connecting to Finastra’s open platform FusionFabric.cloud, which is in line with SAMA’s Open Banking initiative.” Tags automation Banque Saudi Fransi Finastra trading Treasury 0 Comments You might also like CFI’s trade volumes surpass $1 trillion in Q3 2024 ADX implements insider trading ban ahead of Q3 financial disclosures ADX sees ETF trading net Dhs1.86bn from Jan to Aug Watch and learn: Tips traders can pick up from popular sports