Case Study: Central Bank of Trinidad and Tobago reduces operational risk with SimCorp

Central Bank of Trinidad and Tobago reduces operational risk with SimCorp through straight-through processing

The Central Bank of Trinidad and Tobago, the key monetary authority for the country, needed to reduce operational risk in the management of its foreign exchange reserves. To meet this challenge, the bank partnered with vendor SimCorp for its integrated front-to-back investment management solution and a separate cash management system.

SimCorp implemented its solution for the Central Bank of Trinidad and Tobago in 2017. The implementation provided the straight-through processing the bank required, connecting the front office to middle office performance and compliance management, and then to back office settlement and accounting. This achieved the key objective of significantly reducing operational risk for the reserve portfolio.

Central Bank of Trinidad and Tobago