Summit Systems has signed deals with HSBC, Federal Home Loan (FHL) Bank of Pittsburgh and Bank Danamon in Jakarta. The contracts cover a range of asset classes including treasury, fixed income and structured trading. HSBC has signed to take Summit MUST to process structured trades including trades with underlyings spanning multiple asset classes. The tool will be used by HSBC to manage all structured trades straight through from trade entry to risk management and operations, with all parts of the processing working off the same trade definition. For FHL Bank of Pittsburgh, Summit will deliver pre-trade analytics, operational processing and accounting for its fixed income and derivatives portfolio, including mortgage-backed securities (MBS). Bank Danamon – one of Indonesia’s largest banks – will implement Summit for Treasury. The 60-user system will cover all the bank’s needs from trading, through to risk and operations. ‘Danamon is our first deal in this area of Asia,’ said Xavier Bellouard, Managing Director of Summit Systems International. ‘We have recently invested in opening Summit offices in Seoul and Singapore to drive growth in the Asia region. This is our largest order in Asia and follows on from recent successes in China and South Korea.’
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more