UBCI modernises treasury management ops with Profile Software

Tunisia-based Union Bancaire pour le Commerce et I’Industrie (UBCI) has implemented a new treasury management solution, Acumen.plus, supplied by Profile Software.

UBCI in tech overhaul

UBCI has a network of 103 branches and offers a wide range of products and services, including everyday retail banking, project financing, investment banking, bancassurance and wealth management.

Profile says the bank was looking to standardise on a single treasury management solution that would cover all aspects of treasury management and anticipate the sector’s evolution.

Acumen.plus provides a turnkey solution to UBCI to cover its domestic and international end-to-end treasury operations, the vendor adds.

Mohamed Koubaa, CEO of UBCI, says the new system will help the bank “foster technological innovation”, introduce new products and services, and leave the bank’s “corporate footprint in the daily lives of the stakeholders”.

Last year, the bank gained a new major shareholder and embarked on a tech transformation, with a new core banking system implementation underway.

Elsewhere in North Africa, Central Bank of Egypt is also implementing Acumen.plus to modernise its treasury management operations.