AcumenNet: a comprehensive Treasury solution fully integrated with FMS.next at Ditto Bank, France
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Ask an Analyst
Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Profile Software, an international financial solutions provider, announced today the successful go live of Ditto Bank, powered by Banque Travelex S.A., a Paris-based company. Ditto Bank, a differentiated digital bank, apart from managing their core banking operations via FMS.next, also utilise the Treasury functionality of AcumenNet by Login SA, a Profile company, providing an integrated platform.
Profile, heading a consortium of companies, is efficiently managing all banking, treasury, CRM and payments operations of the newly launched France-based digital bank. Ditto Bank is based on Banque Travelex SA, which is regulated by the French bank regulator Autorité de contrôle prudentiel et de résolution (APCR). It is inviting users to join its waiting list, and for its pre-launch phase, clients with a postal address in France are able to participate. Ditto Bank is aspiring to become the world’s first truly global bank designed for frequent travelers, aiming at expanding in 15 countries.
AcumenNet covers the Bank’s Treasury Front - Middle office and Risk management operations. Through its modular design and modern technology, AcumenNet allows easy scalability as the organisation grows and diversifies. AcumenNet is a customisable solution, easy to implement and use. Integrated with FMS.next, Profile’s Core Banking solution, it allows for fully STP front-to-back Operations.
AcumenNet accommodates Ditto Bank’s treasury operations as well as the forex position, liquidity and risk across financial markets monitoring. The platform enables real-time update of prices, positions and limits checks. Front-end blotters reflect the work of each individual user. Arbitrage solvers and calculators complement cutting-edge pricing methodologies. Dealers are able to customise their monitoring screens.
The Treasury department of Ditto Bank also experiences analyses that can be produced on cross-portfolios, such as P&L, hedging, sensitivity, and duration. They benefit from a high level of automation in daily tasks. Supervision blotters enable them to direct transactions towards designated users for further processing, filtering per type of instrument and per deal status.
Ditto Bank’s back office benefits from paperless transfer of trades, automated printouts of deal slips and tailor-made reports, such as maturity diaries or fixing resets with a high level of security. With the utilisation of these tools the whole process is streamlined including confirmations, accounting, settlements, amendments, cancellations, revaluations, etc.
FMS.next with AcumenNet delivers tighter control and monitoring of all transactions, a quick and efficient access to all data and reporting for the Management while ensuring regulatory compliance. AcumenNet is also available to be utilised as a stand-alone platform that can easily integrate with any back-end and accounting platform.