National Bank of Slovakia Selects WallStreet Systems to Streamline Ops

By Tim Clark, Wall Street & Technology

In an effort to better manage its front-, middle- and back-office banking functions, The National Bank of Slovakia (NBS) recently selected the Treasury TremaSuite 6.5 from Wall Street Systems.Delivering improved visibility and control while simplifying compliance throughout the organization, the WallStreet Treasury TremaSuite 6.5 deployment will fully integrate and automate the NBS' Foreign Reserve Management and Monetary Policy operations, including consolidated accounting and auditing.

"We selected WallStreet Treasury TremaSuite based on its end-to-end capabilities and flexibility to integrate seamlessly and cost-effectively within our existing in-house systems," said Frantisek Szulenyi, director of Risk Management at the National Bank of Slovakia, from a release. "The immediate visibility and control that the solution provides will help us reduce costs and deliver a significant return on investments."

Established in 1993, NBS is the independent central bank of the Slovak Republic. The primary objective of the NBS is to maintain price stability. NBS represents the Slovak Republic in international financial institutions and in international money market transactions related to monetary policy operations.