Bank of China gains edge through integrated treasury functions
New consolidated treasury system addresses the product and process optimisation needs across Bank of China’s domestic and international operations. September 04, 2014 | Neeti AggarwalBank of China’s (BOC) Treasury operations were running on two different systems and multiple modules that could not meet the bank’s product coverage, position monitoring and process optimisation needs. A merged platform was much needed to consolidate data from scattered legacy systems that could meet the bank’s growth objectives and provide holistic risk management in Treasury business. It was with these objectives that the bank took a bold decision towards implementing a unified Treasury and Trade platform in its domestic and foreign branches for cross-asset transactions across its front and middle office and risk function. Problems to be addressed
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Categories: Cash, Treasury & Trade, China, Innovation, Operational Risk, Retail Banking, Risk and Regulation, Rmb, Technology & Operationscash,China,Innovation,Oprisk,retail,Risk and Regulation,Rmb,technology, Cash, Treasury & Trade,China,Innovation,Operational Risk,Retail Banking,Risk and Regulation,Rmb,Technology & Operations, Keywords:Bank Of China, Straight Through Processing, Murex MX.3 Bank of China, Straight Through Processing, Murex MX.3
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