Bangkok-based Bank Thai is to deploy its Sierra Treasury solution for use in the bank’s treasury department. Bank Thai personnel will utilize Sierra Treasury for a variety of functions: trading, accounting, risk management, and general ledger processing. FNX’s Sierra Treasury product has been built with ‘three-way STP’ – which encompasses three distinctive aspects of the system’s operation. The first applies to the traditional concept behind straight through processing, where a solution is able to process a transaction through its entire lifecycle. The second aspect of three-way STP describes the system’s ability to support a variety of financial products, meaning that a client need only utilize one solution to process diverse financial instruments. The third aspect of three-way STP focuses on a client’s ability to deploy the system’s across a variety of different physical locations or branches and yet view the daily operations, transactions, risk exposure, etc. for the entire organization as a unified whole.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.