Viveo Cognitive Systems, today announced that they have signed a contract with a leading offshore Chinese bank, CITIC Ka Wah Bank Ltd.
CITIC Ka Wah Bank will be using Viveo Cognitive System's innovative V-Risk suite to enhance its AML compliance systems
After a rigorous vendor selection procedure, CITIC Ka Wah Bank was satisfied that Viveo Cognitive Systems' V-Risk suite offers the most effective AML compliance solution to meet their needs. 'We place great emphasis on having a world class compliance operation, and we look forward to achieving this with Viveo' stated Roy Huang, Executive Vice President, General Counsel and Head of Compliance of CITIC Ka Wah Bank.
By joining Viveo Cognitive Systems they are also joining an extensive network of collaborative user groups made up of more than 700 institutions of which 15 are in the top 20 financial institutions in the world.
"As the Bank rapidly grows its franchise in China and the region, the challenges of AML compliance also increase and we therefore are pleased to be working with Viveo in delivering a solution that should help us meet those challenges," added Roy Huang.
Viveo Cognitive Systems will be working in collaboration with Automated Systems (HK) Limited, their key integration partners, and Tigerland Asia Pacific, their regional representatives. According to Amanda Gilmour, Business Manager of Viveo Cognitive Systems, "these partnerships are proving to be the driving force behind Viveo's rapid growth in the Asia-Pacific region."
"We are extremely pleased that our newly developed V-Risk suite is generating so much customer interest." said Stavros Cademenos, VP of Business Development at Viveo Cognitive Systems.
As Viveo Cognitive Systems V-Risk suite is a rapidly deployable solution, CITIC Ka Wah will be fully compliant within two months.