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IKB and Ritro Treasury Services Take Trema’s Finance Kit


IKB Deutsche Industriebank (IKB) and Ritro Treasury Services have become the first users of Trema Group’s latest version of Finance Kit, version 5.1.

The company says that the new iteration, which is targeted at large and medium sized banks, offers improved management of call money and call accounts, and introduces asset/mortgage-backed securities. It provides links to external libraries for the valuation of a broader range of instruments, particularly complex FX and interest rate products, and moves specific calculations to take place at the server rather than at the client side, which the company says provides improved performance.

“The introduction of Finance Kit 5.1 offers a much better solution for the banking sector,” says Takis Hinaris, director of Trema’s banking segment. “We can now offer a more powerful front to back office solution with a wider catalogue of instruments as well as new general ledger functionality.”

IKB has selected Finance Kit 5.1 to automate its back office and process transaction data on a group-wide level. The bank looked at nine potential vendors, some offering pure back office functionality and others with complete front to back offerings, before proceeding with Trema.

The bank will use Finance Kit to process FX, bonds, equities and money market instrument deals, as well as structured derivatives.

“We will use Finance Kit to process transaction data in a group-wide unified and optimised process,” says Bernd Greitmeier, project manager at IKB. “The fact that Finance Kit incorporates all asset classes in one straight-through processing system is one of its key strengths. Finance Kit’s multi-tier architecture provides full scalability and security to grow with IKB. Moreover, we have the potential to look at other aspects of the treasury function and, if necessary, benefit from other areas of Finance Kit with relative ease. By selecting a complete front to back office solution, we have a number of options open to us.”

Meanwhile, Ritro Treasury Services, a Swiss treasury and risk management organisation, is providing outsourcing services using Finance Kit.

Ritro is running the treasury operations for Lonza Group, a life sciences-focused chemical company; Zellweger Luwa Group, an industrial company with high-tech products and services for textile electronics, environmental monitoring, ventilation and air conditioning engineering; and Schiesser Group, a multinational textile company.

“Through Finance Kit, our clients have access to the most advanced, stable and powerful treasury and risk management technology without having to invest in, implement or maintain, a sophisticated application,” says Heinz Bähni, Ritro’s CEO.

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