MBSB Bank enters into agreement with FIS Asia Pacific for treasury system

KUALA LUMPUR: MBSB Bank Bhd has signed an agreement with the global financial services technology provider FIS Asia Pacific Inc (FIS) for the bank's treasury management system.
In a statement, MBSB said that in line with the new business model and structure, its Global Markets Department aims at operating with a larger bank treasury and due to that, FIS will be providing the bank its treasury management system.
FIS will deliver several solutions ranging from treasury management, asset and liability management, market data and reconciliation, it noted.
By deploying an enterprise reconciliation strategy, MBSB said it can benefit from greater process transparency, reduced process cost, lower total cost of ownership and eased administrative burden, while achieving an increase in internal and external customer service levels.
"We are confident that together with FIS consultants who are specialists in these areas, MBSB Bank will be able to harness the key elements of the requirements which include 'Straight Through Processing' (STP)," its president and CEO Datuk Seri Ahmad Zaini said.
"This also involves process automation, industry's best practices multi system integration, deep reporting capabilities and comprehensive risk management tools," he added.