Mandates and payments roundup, October 4

JCB expands its card business in Vietnam with a new bank partnership, while Fiserv launches a new online advisory solution for financial institutions.

VietinBank partners with JCB

State-owned Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and Japan Credit Bureau International (JCBI), the international operations subsidiary of JCB, have partnered to launch a new card in Vietnam. VietinBank-JCB premium cardholders can use the new branded card at more than 34,000 JCB merchants throughout the country in addition to the 18 million merchants in JCB’s international network across 190 countries and territories.

JCB has been in Vietnam for more than 20 years and has now extended its partnerships to nine banks and financial institutions in the country. Its alliance with VietinBank has increased its local network by more than 150 bank branches and 1,500 automated teller machines.

JCBI recently expanded its card partnership with Citibank in Hong Kong, Indonesia, Malaysia, the Philippines, Thailand and Vietnam.

Fiserv launches new risk solution

Global financial services technology company, Fiserv, has launched a new online advisory risk solution. According to the firm, BancAnalyst Risk introduces a new approach to examining enterprise risk and its influence on franchise viability and earning volatility.

“The lesson re-learned from the financial crisis of 2008 is the importance of focusing on all three drivers of franchise value: profit, growth and risk. Financial institutions are focused on building an earnings stream that is sustainable, which requires an understanding of, and resource allocation towards, enterprise risk management,” said Steve Cotton, president of bank intelligence solutions at Fiserv. “BancAnalyst Risk enables the management of financial institutions to pinpoint risks that threaten the sustainability of earnings streams and to indentify industry solutions that can manage or mitigate those risks.”

RTS continues Asia-Pacific expansion

Global trading solutions provider, RTS Realtime Systems Group (RTS), has continued to expand in Asia-Pacific with a new data centre located in Singapore which it will open this month. In addition, the firm has appointed Andy Woodhouse as managing director and Eric Neo Say Wei as sales director for Asia-Pacific. They will both be based at RTS’s regional headquarters in Singapore.

“This has been an exceptional year for RTS in Asia. We successfully completed our first acquisition and were able to establish a stronger presence and customer base in India and throughout the region,” said Steffen Gemuenden, chief executive of RTS. “With staff in Asia that now exceeds 40 employees, we are actively recruiting in order to satisfy the growing demand for the trading and matching solutions, market access and risk management services we offer through Asia and on a global basis.”

RTS opened an office in Mumbai at the beginning of April this year to offer trading solutions for commodity supply chain management firms and other proprietary and high frequency trading firms.

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