Siam City Bank is to implement Reuters Trade Processing (RTP) system and STP solution, Kondor+, across its foreign exchange, money market and fixed income businesses.
Combined with RTP as a standard front to back solution, Kondor+ will provide smooth and seamless management of back office processes, such as order confirmation, payments and accounting entries.
Marc Duale, managing director, Reuters Asia, says: "Siam City Bank is one of the leading banks in Thailand to embrace new information technologies. It has become increasingly aware of the need to respond to changes in financial markets, regulatory policy and technological advances. The way to stay ahead of these changes is to implement a sophisticated, flexible treasury back-office system in addition to an integrated trading and risk management application."
The bank is the first in Thailand to select Reuter's financial solutions.