Reuters has teamed up with IBM Financial Services to offer risk management systems and consulting services to small and medium sized financial institutions in Asia-Pacific.The partnership will combine Reuters’ Kondor+ risk management system with risk consulting services from IBM on a pay-as-you-go basis, the two firms said. The service will include risk analytics, market data, cash management, and anti-money laundering services.
“Risk management has become one of the key challenges for Asian financial institutions of all sizes because of regulatory changes that are facing the financial services industry and increased competition,” said Mark Smith, Reuters Asia director, solutions. “Smaller financial institutions are seeking to adopt internationally accepted practices and methodologies to ensure they remain competitive as the Asian market opens to foreign financial institutions.”
More on Technology
IT systems not geared for trade reporting under EU anti-manipulation law
Result comes despite tougher rules on market manipulation and abuse
Focus needs to be on reacting, not stopping every threat
Companies can wring more value from regulation-mandated data
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.