The FinIQ system is used to price complex FX-linked and equity option-linked deposits. According to Shodhan Shah, technology manager at Singapore-based FinIQ, there has been an increase in retail demand for structured deposits. “Previously, these products were mostly bought by private banking investors or high-net-worth individuals,” Shah says, adding that as the sales volumes of structured deposits have increased significantly, so do the processing and transaction costs.
“For example, custo
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