SunGard Asia Pacific announced that Affin Bank Berhad, a leading Malaysian bank serving both retail and corporate customers, has selected SunGard’s AvantGard to help manage its bank-wide treasury operations. AvantGard-Quantum will provide straight-through processing capabilities thereby assisting Affin Bank improve its operational efficiency. AvantGard will provide front-, middle- and back-office management, including deal capture, monitoring, modelling and forecasting, reporting, transaction and settlement processing. Tan Kok Toon, head of treasury at Affin Bank, said: “In seeking a solution it was important that we not only managed the traditional treasury operations, but that our partner understood and could readily manage local requirements such as Islamic Banking and Bank Negara regulations.”
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