The German bank has deployed a cloud-native, SaaS platform as the basis for its treasury and risk operations.
Frankfurt International Bank (FIB) has deployed the FIS Treasury & Risk Manager – Quantum Cloud Edition, a cloud-native, software-as-a-service (SaaS) platform from FIS Global, as the basis for its core treasury and risk operations, officials say.
The new platform offers “fully integrated front-to-back treasury coverage … enabling the bank to build on modern infrastructure from inception,” officials say. “FIB is already live with the solution, with ALM Partners helping to successfully complete the implementation project.”
“After just 10 weeks of implementation, FIB has already gone live with the first part of the solution, demonstrating a remarkably fast time to value,” says Peter Woeste Christensen, director at Magpie, FIB’s external consultant, in a prepared statement. The consultancy oversaw the design of the treasury target operating model and the selection of FIS Quantum.
“This is a groundbreaking project that sets a new benchmark for how next-generation banks can deploy institutional-grade treasury infrastructure from day one,” Christensen says.
“When establishing our treasury operations, we were deliberate about the infrastructure choices we made from the outset. For a bank built around export finance and complex cross-border transactions, operational resilience and governance are not optional; they are fundamental,” Florian Pointner, head of treasury at FIB, says in a statement.
“The pace of change in treasury and risk management is accelerating, with regulatory complexity, real-time settlement expectations, and the operational demands of running a modern bank all combining to create problems for banks on legacy software,” says Andrés Choussy, president, capital markets, FIS, in a prepared statement.
FIB AG is a licensed German bank headquartered in Frankfurt am Main, specializing in export finance and mission-critical banking solutions for internationally active clients, officials say.
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