Mandates and payments roundup, February 22

Taiwan's First Commercial Bank selects a reporting solution to comply with Singapore's banking regulations, while China's Spring Airlines awards a payments mandate to AsiaPay.

First Commercial Bank chooses FRSGlobal in Singapore

Taiwan’s First Commercial Bank FCB has selected a regulatory reporting solution from FRSGlobal, the global compliance and risk management solutions provider, for its Singapore branch. FCB’s migration from its legacy platform to FRSGlobal’s solution will allow it to address local regulatory and compliance regulations outlined by the Monetary Authority of Singapore more efficiently.

“Despite Singapore’s strong recovery from the economic crisis and the fact that regulatory environments are some of the most mature and stable in Asia-Pacific and Japan, banks in the city state still have a number of onerous regulatory reporting requirements to meet,” said Steve Thurley, Asia-Pacific and Japan vice-president...

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