Sonali Bank (UK), which is based in London and Birmingham, is the only UK-based Bangladeshi bank and has been serving the Bangladeshi community in the UK for nearly two decades.
Under the deal the bank will deploy the Whistlebrook Treasury Management System (WTMS) to replace its legacy front end treasury system.
The WTMS deployment project has been a great example of a very successful close collaboration between Whistlebrook and Sonali Bank (UK).
Sonali Bank required Whistlebrook to introduce new functionality into the WTMS system to allow the bank to manage its trade finance operation and offer multi-currency treasury products.
In addition further WTMS functionality was requested, and added, to meet some very specific needs of Sonali Bank’s treasury function.
Doug Bate, head of business development and marketing at Sonali Bank (UK), said: “We wanted to select a proven and cost effective replacement for our legacy front end treasury system.
“Sonali Bank (UK) and Whistlebrook have been working together on this project since early 2019. In that time have developed a deep working relationship built on joint trust and respect and the work that we have now completed together has resulted in a system that caters for all our treasury management requirements.”
Meanwhile, Whistlebrook’s company director Andy Hudders, said: “We are delighted that Whistlebrook has worked very well with Sonali Bank (UK) to successfully implement WTMS.
“As most people know, the financial services marketplace is constantly evolving. As a result, we focus on close collaborations with our clients, to ensure that our products continue to provide real benefits to our customers.”
Whistlebrook has specialised in providing back office software systems to the financial services sector since 1997. It has built up a portfolio of software applications which can be installed on their own, or as an integrated suite of two or more applications that can deliver extra benefits by sharing information.
Its customers range from investment management firms, through banks of varying size, to two of the three largest building societies.
