International Bank of Taipei upgrades reconciliation process

Corona is a modular software product that supports end-to-end control of the transaction management process. It includes functionality for the reconciliation of cash transactions, securities messages and confirmations, exception management, and intra-day reporting.

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.

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Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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