Westpac Centralizes Its Back Office Processing In Sydney


WESTPAC Banking Corporation is nearing the end of a project to centralize its global back office trade processing operations at its Sydney headquarters.

Bank officials say this centralization initiative will aid Westpac's risk management efforts by streamlining its back office processing, reducing errors and cutting costs.

The bank also plans to upgrade its global credit and market risk management systems. Westpac will deploy GE Information Services' RXM system for counterparty credit risk

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