Greece-based financial services provider, Profile Software has announced the selection of Login’s Acumen by the Japanese bank Sumitomo Mitsui Trust Bank in a bid to enhance their treasury operations across six of their overseas offices including United Kingdom, USA, China, Singapore, Hong Kong and Thailand.

The bank pursues to replace its legacy system with a core banking system and to launch a fully integrated STP platform for simplified operations between the front and back office. It aims to facilitate its global system management and bridle the induced obstacles including time zones, volume and confidentiality. The bank is expected to leverage the cloud environment in favour of its benefit.

According to the supplier, Acumen is expected to provide operational efficiency by the integration of multiple platforms used by SuMiTB as well as real-time imports with minimal user intervention. It supports a range of financial instruments covering FX, MM, OTC Derivatives and many more.

Profile Software recently launched the latest version of its omnichannel and investment management solution Axia Suite 2.1.

Founded in 1990, Profile Software is an international solutions provider for the Banking and Investment Management industry. The company has a presence in Europe, the Middle East, America, Asia and Africa delivering innovative solutions to both start-ups and established banking & finance institutions, through direct communication or a reliable partners network.

Sumitomo Mitsui Trust Bank is a Japanese asset manager, managing a broad spectrum of Japanese Equity products and a principal provider of Japanese equity products for corporate and governmental pension funds.

by Megha Bhattacharya
Market Analyst at IBS Intelligence