UK vendor Reuters has implemented an enhanced version of its Kondor Global Risk (KGR) technology at Singapore's DBS Group, the largest bank in Southeast Asia.
The UK vendor says it worked in co-operation with DBS to develop KGR 3.1 to meet demanding scalability and consistency requirements. It is now available to other clients that require consistent pricing and market rates across the enterprise.
The technology provides DBS with a sophisticated tool for managing market risk by integrating and sharing the pricing models and market rates used by traders, back office and risk managers across the bank.
DBS says the latest version of Reuters Kondor Global Risk will improve its time-to-market as all new financial instruments can be rolled out simultaneously in the front office and the risk systems without the need for a double build of pricing models, instrument descriptions or rate feeds.
Peter Brown, managing director of enterprise services, technology and operations at DBS, adds: "The scaleable architecture of Kondor Global Risk v 3.1 ensures that, as our regional treasury business grows, our risk management capability will scale commensurately without any duplication in development effort."