Here are a few of the major announcements to have been made at Sibos 2015, held in Singapore this week.
Saxo Bank of Denmark has selected SunGard’s IntelliMatch Cash and Liquidity Monitor to assist it in managing its treasury services. The tool will allow the bank to have more control over its liquidity and cash management, as well as helping it reduce counterparty, trading and settlement risk.
Swift has launched a new analytics service that allows clients to analyse their payments and letters of credit data over the Swift system. Watch Banking Analytics Premium allows deeper exploration of the message content sent over Swift’s platform and is part of the company’s play on Big Data.
Bank of China has signed up with AxiomSL, a regulatory reporting and risk management solutions provider. The company will deploy Axiom’s reporting solution for Basel III liquidity in order to meet the Monetary Authority of Singapore’s 649 liquidity reporting requirements in the island state.
China Systems, a trade finance solutions provider, and Accuity, a payments and risk solutions provider, are to integrate two products to achieve Swift certification around trade and supply chain finance. Accuity’s Compliance Link will be integrated with China Systems’ Eximbill Trade Processing platform to provide compliance checks for trade finance transactions.
Australian bank ANZ has launched a white paper exploring the future of Asean banking. The report identifies three different kinds of banking models that are better suited to large multinational banks to cater for growth in the region. The groupings are:
- Regional banks – indigenous to Asean or the broader Asia Pacific region, they have largely taken over from European and US-based rivals that exited the region during the global financial crisis.
- Network banks – recognise the advantages of end-to-end banking services for customers, but are more selective or have less financial capacity to deploy resources in an onshore banking operation.
- Partnership banks – collaborate with other banks to support their customers’ offshore strategies, typically choosing partners that align with the international footprints and strategies of their customers, but do not impinge on their home markets.
Stay tuned for more announcements over the course of the week…