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Diamond Trust Bank leverages Profile software for Treasury Management

By Delisha Fernandes

June 16, 2023

  • Banking
  • Collaboration
  • Diamond Trust Bank

Diamond Trust BankProfile, a financial solutions provider, has implemented its treasury management system at Diamond Trust Bank. The fully STP, a real-time cloud-native platform that delivers advanced UX and automation to the modern Treasurer, offers new functionalities covering Kenya, Uganda and Tanzania.

Diamond Trust Bank (DTB) is a regional bank listed on the Nairobi Securities Exchange (NSE), operating in East Africa for over seventy-five years and an affiliate of the Aga Khan Development Network (AKDN).

The platform shall enable traders to benefit from the quick input facility for deals not executed in external trading platforms/systems but agreed upon non-electronically. The key values can be entered directly through a unique command line, thus, saving time to be allocated to more value-added activities.

At the same time, DTB users shall benefit from the flexibility delivered by the platform to easily configure the environment by working on familiar screens used in other applications or legacy systems and then focusing on the relevant information needed.

Nizar Tundai, Head of Business Transformation and General Manager at DTB, said, “Profile’s experienced team has always been reliable throughout our collaboration, focusing on delivering exceptional customer care to our bank. DTB has not only benefited from using platform, but it has also gained valuable insights on project management and best practices in Treasury transactions and report management”.

Pascale Hertzog, Treasury Management Director at Profile, said, “We have acknowledged the existing need of DTB for a modern and technically robust Treasury Management platform – given the widening competitor landscape and the increasingly complex and disruptive marketplace – and strongly support the growth strategy of the bank, which has begun to pivot as a top tier digitally-driven bank in East Africa”.

Profile remains committed to developing new products that satisfy clients’ evolving needs and meet their expectations.

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