Siam Commercial signs to

Thailand's Siam Commercial Bank (SCB) has adopted UK-based Financial Objects' system to support its treasury operations in Singapore and Hong Kong, and its offshore loan business in Bangkok.

The system is designed to handle risk management as well as international treasury, said Maleerat Plumchitchom, executive president at Siam Commerical.

Previously, SCB used Financial Objects' Ibis system but migrated to the internet-enabled service to tighten control over treasury functions and provide its clients with access to a wider range of products through the internet.

"We needed to upgrade our Ibis AS/400 technology to a Windows-based system. We have tried and tested Financial Objects' Ibis for seven years and are happy with both the product and the level of service,” Plumchitchom added.

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