Israel's fourth largest bank, United Mizrahi Bank (UMB), has implemented the Musketeer treasury management system from AFA Systems, the banking and asset management software vendor.
Part of the implementation process involved customising the product for the Israeli market to enable the system to cope with a number of specialist trading instruments unique to the local market.
Annabel Levin, technical director at AFA Systems says: "This is an important development for us, not only does it involve one of the leading players in the Israeli financial services market, but it also illustrates our strong capability and commitment to work with our clients in customising our products to meet their market and client-specific requirements."