CMB Wing Lung Bank Revamps Back Office The Hong Kong-based CMB Wing Lung Bank has implemented a back-office custody solution from post-trade financial technology vendor GBST in an effort to grow its custody banking business, officials say. The bank, which is a subsidiary of China Merchants Bank, is using GBST’s Syn~Ops Custody product to… Read More >>
Deutsche Bank Sends Collateral Management to the Cloud
In what appears to be a first for a Tier 1 bank, Deutsche Bank is moving its management of margin calls with counterparties to a public cloud-based service as part of an effort to cut costs and operational risk while simplifying a key process. The German banking giant will be revamping this “critical piece of… Read More >>
