National Bank of Poland has selected Trema's Finance KIT 5.0 to automate its reserve management in preparation for the country's economic and monetary union participation in 2003.
The bank will implement Finance KIT's front, middle and back office functionality to streamline management of its reserves. The system is scheduled to be live by the time Poland joins the EU and the euro.
Krzysztof Majczuk, director of the foreign exchange department, National Bank of Poland, comments: "The significant investment Trema has made in Finance KIT for central banks since implementing it at the European Central Bank was very encouraging. Trema has developed a pre-configured database with extended collateral management functionality. We know that when we start our implementation project we will be in very capable hands."