Transformation Overview
One of Eswatini’s largest building societies, with over six decades of expertise in mortgage financing, underwent a strategic evolution into a full-service commercial bank, SBS Bank Eswatini (SBSE). To support this transition, the institution replaced its manual, spreadsheet-based treasury tracking with Intellect’s eMACH.ai Treasury solution. Deployed via 100% remote execution with zero project delays, the cloud-ready platform provides a modern infrastructure for managing diverse asset classes, including FX, Money Market, and Fixed Income. The transformation focused on eliminating operational silos and establishing a robust, automated framework to handle the complex demands of a commercial banking license.
Business Impact
The implementation delivered significant operational improvements and financial safeguards:
- Automation: Achieved 100% automation of FX, Money Market, and Fixed Income deal booking
- Efficiency: Realized a ~90% reduction in manual intervention through automated SWIFT messaging and streamlined workflows
- Cost Savings: Eliminated early-termination fees by ensuring accurate liquidity management to cover settlement shortages
- Precision: Confirmed end-to-end accuracy in complex call placement and borrowing calculations with multiple rate changes
