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.”
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