The Bank of Taiwan has taken out a license for Wall Street System's treasury engine. The deal is the first to flow from the vendor's new partnership agreement with Taiwanese systems integrator Peace Systems Integration.
Taiwan's largest bank intends to interface the treasury engine with its core banking system, enabling it to manage its cash flow and foreign exchange positions in real time. The bank will also use the fixed income and derivative modules to expand treasury coverage.
New partner PSI is now responsible for marketing and selling The Wall Street System treasury engine throughout greater China.
Michael Thrower, director of marketing, Wall Street Systems, comments: "Wall Street Systems continues to invest in the important and strategic Asia Pacific region, growing our offices in Singapore, Tokyo and Sydney and increasing customer numbers. The local knowledge, capabilities and resources now available through our recent partnership with PSI will reinforce our sales and marketing efforts in greater China."