Diamond Trust Bank goes live with Profile Software’s Treasury Management System

Profile, a leading financial solutions provider, has implemented its treasury management system Acumen.plus at Diamond Trust Bank. The fully STP, 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 leading 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 Acumen.plus platform meets DTB’s benchmarks in terms of compliance and interoperability with the IT systems. Acumen.plus addresses the bank’s technical and functional requirements, allowing for more scalability and incorporating DevOps and Agile methodologies. The platform covers all operations that go through Treasury from Forex (Treasury and client operations) to Money market, Security deals and Client loans and Deposits. It allows to move to new markets quickly and efficiently, with template products backed up by the possibility to combine single products in more complex packages.

Among the key features is Treasury reporting, offering on-demand charts and boards with a single source of truth. DTB Treasurers can access all analyses directly through dashboards, providing a real-time holistic view of the activity, profitability, positions, liquidity and risks with a focus on specific tasks or instruments where needed. Thus, Acumen.plus shall empower them to easily and accurately access information that will significantly contribute to faster decision-making.

The platform shall enable traders to benefit from the quick input facility for deals that are not executed in external trading platforms/systems but agreed non-electronically. The key values can be entered directly through a special command line, thus, saving time which can 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 in legacy systems and then focus on the relevant information needed.

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

Mrs. Pascale Hertzog, Treasury Management Director at Profile says that “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 growing 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.