subject: Treasury Software Testing and Performance [print this page] Treasury is the nerve center of any bank, where all of the inflows and outflows of funds are monitored.
Treasury operations is a very specialized department within a bank or institutions owing to their diversified portfolio of investment, debt and derivative instruments. Treasury departments have to constantly monitor liquidity, interest rate, currency exposures and asset-liability profiles across various geographies.
First and foremost one needs applications that are dependable, integrates with legacy systems, easy to use and automated. You may be required to implement some new regulations and updates for Know Your Customer ("KYC") and AML.
Do you know your KYC and AML are delivering the Quality required to ensure its implemented correctly?
You have to mandate Independent Testing of KYC and AML in order to ensure its implementation.
There are number of independent Treasury Software Solutions in market like
Treasury Software
Kondor+
Aurion Pro
Kastle
You may also find integrated solutions from your Core Banking / Retail Banking providers like
BaNCS From TCS
Upon selection of solution, next steps are implementation and Quality.
To manage the complexities involved in managing these varied financial instruments, banks and financial institutions are replacing their legacy systems with new applications. New applications have to be tested thoroughly to ensure that they seamlessly integrate with existing applications, provide improved functionality and deliver on end user requirements.
Who will ensure that Treasury Software Performs as desired or advertised by Vendor or Implementer?
Have you done Performance Testing or Performance Audit or Benchmarking ?
Treasury includes pricing and marketing of wholesale liabilities, trading in foreign exchange, trading in money markets, bonds and derivatives and risk management.
Key Treasury Functions Tested:
Monitoring inflow and outflow of funds
Trading in forex, derivatives, money markets and capital markets
Managing correspondent banking relationships
Managing inter-bank and corporate liabilities
Liquidity management
Key Treasury Modules that needs to be Tested:
Bonds
Equities
Mutual Funds
Money Market
Derivatives
You have to ensure the Coverage for all relevant modules:
Retail FX
Forward Contracts & Order Management
Trade Import & Export Bills
Trade Deposits & Trade Loan
Merchant Forex Cards / Stored Value Cards
Bonds ( Various)
Mutual Funds & Insurance (Various)
Derivatives (Various)
Inventory of Instrument such as Bank Notes, Demand Draft, etc.
Supports Integration with the Core Treasury System, Core Banking System, Information Portal, Processing Engine, SWIFT and other related systems.
Test applications to ensure that they deliver on user requirements for:
Effective foreign exchange and interest rate management
Effective control of operational risks
Effective forecasting processes
Effective liquidity and working capital management
