The bank will replace its legacy systems with the Trema application to support its FX and monetary policy operations and reserve and domestic portfolio management.
The implementation will aim to consolidate four separate systems that the bank currently uses across its front, middle and back offices. It comes three years after the bank launched its STORE project (System for the Treatment of Operations and Risks Management), which set out to identify and implement a single front, middle, back-office platform and accounting application for its capital markets activities.
Trema’s Central Banking Accounting Module (CBAM II) will support the Banque de France in foreign reserve management and domestic portfolios, foreign exchange operations, monetary policy operations, transactions services and interventions from the European System of Central Banks (ESCB).
The bank hopes the system will increase its efficiency and reduce operational risk.
