Software from UK-based market data systems integrations firm RCP Systems is being installed at three Asian banks under a partnership agreement with Indian treasury management systems provider Synergy Log-in Systems (Synlog).
UTI Bank and Global Trust Bank in India and Delphis Bank in Mauritius are installing RCP’s Dealing 2000 interface, allowing Reuters’ foreign exchange transactions to be automatically transferred into Synlog's ITMS (integrated Treasury Management System) product. UTI Bank and Delphis Bank are also installing the Reuters Money 2000 interface from RCP, automating import of foreign exchange rates.
According to Kaushik Basu Mallick, business development manager at Synlog, the RCP systems will improve information flow for the banks’ core treasury systems.
"RCP’s software automates processing of forex deals and rates, reducing the need to re-key information, and increases accuracy,” he says.