Mexican Bank Adopts SunGard For Treasury Management
Mexico's Banca Afirme has selected SunGard's Front Arena to help manage its treasury business. Front Arena will be implemented firm-wide in Monterrey and Mexico City to support requirements from trading and position management to settlement and accounting for all instrument types, including money market, exchange derivatives, stocks and over-the-counter (OTC) derivatives.
Among other functions, Banca Afirme will use Front Arena for portfolio management, operations, general ledger accounting, settlements and P & L control.
"Front Arena's comprehensive functionality and flexible architecture will provide us with a solid and agile platform to help us grow our treasury and trading business over the next decade," says Alejandro Monroy, market risk director of Banca Afirme.
Banca Afirme already uses SunGard's Ambit solution for risk management and Ambit Credit Assessment solution for credit analysis.
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