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South Indian Bank Selects Credence Analytics

The South Indian Bank has chosen software provider Credence Analytics’ iDeal platform to automate its treasury operations and Mercury-fx as its online branch dealing system.

The South Indian Bank, which has 451 branches in India, will use Credence iDeal to handle the straight-through processing requirements of its integrated treasury business that includes the forex, fixed income and derivatives operations of the bank. The Mercury-fx platform will be rolled out to designated branches of South Indian Bank.

Both products will be customised to interface with the bank’s core solution, Finacle, officials at the bank say.

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