Wing Hang signs China risk systems deal with Reuters
Wing Hang Bank, a medium-sized Hong Kong bank, has signed an agreement with Reuters to provide a front-office trade capture and risk management system plus a back-office trade processing system across its treasury business in mainland China.
Wing Hang chose Reuters as it offers an open and modular system that should help the bank streamline its business and stay ahead of changes in financial markets and regulatory policy, said Wing Hang assistant general manager Tommy Lee.
"The banking industry is facing increasing competition and pressures to focus on trade efficiencies and risk management,” he added.
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