Krung Thai Bank selects Reuters' Kondor for risk and trade management
27 May 2003 | 5304 views | 0
Bangkok-based Krung Thai Bank has contracted with Reuters for the supply of real-time trading room risk software and a back office system to handle processing and cash management for its entire banking network.
The bank has selected a combination of Reuters' Kondor+ and Kondor Trade Processing applications to provide integrated front-to-back office risk management solution for straight-though-processing (STP) of its treasury and investment activities.
The Reuters solution will be integrated with the bank's existing core banking system and and data warehousing software.
Krung Thai Bank, Thailand's largest state bank, says the Kondor risk system will modernise and upgrade treasury trading and management systems in support of its privatisation strategy.
Pongsathorn Siriyodhin, first senior executive vice president, Krung Thai Bank, adds: "We will be able to generate significant growth in volumes of new and existing treasury products and at the same rationalise operating costs."
Reuters' Kondor+ is a real-time position keeping system that allows users to manage deals and positions across all instruments. Kondor Trade Processing is a multi-entity system, designed to provide the back office with tools providing increased automation and effective risk management.