Case Study: Sumitomo Mitsui Trust Bank achieves streamlined, STP-enabled global treasury operations across six overseas offices with Profile Software's Acumen.net

Sumitomo Mitsui Trust Bank - Customer Case Study

Sumitomo Mitsui Trust Bank (SuMiTB), a Tokyo-based banking and trust services provider, needed to replace its legacy core banking system and deploy a comprehensive Treasury Management Solution across six overseas offices to standardize processes, achieve straight-through processing (STP), eliminate double input, support a single common database, and explore cloud deployment. After evaluation, SuMiTB selected Profile Software’s Acumen.net to support treasury operations in London, New York, Singapore, Bangkok, Hong Kong and Shanghai.

Profile Software implemented Acumen.net to integrate front- and back-office functions, support a wide range of instruments (FX, MM, securities, OTC and exchange-traded derivatives), share valuations for P&L updates, and seamlessly interface with existing dealing platforms for real-time imports and minimal user intervention. The solution standardized processes across the six offices, streamlined operations with fuller STP, reduced duplicated data entry and improved global system management and operational efficiency.

Sumitomo Mitsui Trust Bank