International Bank of Taipei upgrades reconciliation process
International Bank of Taipei (IBT) plans to automate its nostro reconciliation process to improve its operational risk by deploying SmartStream Technologies’ Corona transaction management solution.
IBT has a reputation as an innovator in the Taiwanese banking market, where it was the first financial institution to operate overseas branches - in Hong Kong and Macau. It expects the deployment of Corona will increase operational efficiencies. "[It] will streamline our workflows and reduce our operational risk,” said He Shou Chuan, the bank’s chairman
The straight-through processing system should enable transactions to be matched at an early stage in the trade lifecycle. The ability to spot and repair failed trades with minimal delays ensures unnecessary risk exposure is avoided.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Technology
CME offers basis traders a leg up
New Treasury Link service ‘levels playing field’ in strategy dominated by high-speed players
Stablecoin consortia may be ‘interim’ step to solo bank issuance
Former Citi payments head and Ubyx founder says all G-Sibs will issue their own coins
CTRM software house of the year: Hitachi Energy
Energy Risk Awards 2026: Software developer’s portfolio approach meets changing needs of energy market participants
What is driving the ALM resurgence? Key differentiators and core analytics
The drivers and characteristics of a modern ALM framework or platform
Are EU banks buying cloud from Lidl’s middle aisle?
As European banks seek to diversify from US cloud hyperscalers, a supermarket group is becoming an unlikely new supplier
Inside the company that helped build China’s equity options market
Fintech firm Bachelier Technology on the challenges of creating a trading platform for China’s unique OTC derivatives market
AI ‘lab’ or no, banks triangulate towards a common approach
Survey shows split between firms with and without centralised R&D. In practice, many pursue hybrid path
Everything, everywhere: 15 AI use cases in play, all at once
Research is top AI use case, best execution bottom; no use is universal, and none shunned, says survey
