J.P. Morgan and Citi obtain Swift certification
Citi global transaction services (GTS) and J.P. Morgan treasury services (TS) have both earned The Society for Worldwide Interbank Financial Telecommunication’s (Swift) Bank Readiness Certification. According to Swift, the certification allows the banks’ corporate clients to standardise and optimise their banking connectivity for added cost efficiencies, improved controls, more effective risk management and increased global visibility on funds.
“As a supporter of Swift for Corporates since the inception of the programme, J.P. Morgan is pleased to have achieved Bank Readiness Certification from Swift,” said Robert J. Blair, executive director at J.P. Morgan TS, in a statement. “This certification is confirmation of our strong commitment to fully support clients that want to communicate via Swift to increase global visibility into their cash positions, thus enabling better informed investment decisions and improved working capital management.”
An Binh Bank implements payments solution from BPC
Vietnam’s An Binh Bank (ABBank) has completed the first phase implementation of BPC Banking Technologies’ (BPC) SmartVista e-payments solution. ABBank previously relied on an outsourced solution but decided to implement BPC’s solution to take direct control over its payments business.
“The migration of our card business from an outsourced service to SmartVista is an important step in our development of new card products and services,” said Nguyen Thi Ngoc Mai, deputy general director at ABBank, in a statement.
ABBank plans to increase its payments business by more than 400% over the next four years and will enter the international payments market through the issue of EMV (Europay, Mastercard, Visa) chip cards.
RTS prepares to open first office in India
Global trading solutions provider, RTS Realtime Systems Group (RTS), will be opening its first office in India with a sales and support staff to service its clients in the country.
“The office in Mumbai will enable us to provide hands-on support directly from India and to build even further on our capabilities locally,” said Steffen Gemuenden, chief executive of RTS, in a statement.
RTS will be able to offer trading solutions for commodity supply chain management firms and other proprietary and high frequency trading firms through its new office which will be located in Mumbai.