Haitong International has gone live with the second phase of implementation of the GBST Syn~ middle office capital markets platform.
The Hong Kong Bank first adopted the solution in November 2015 to automate business processes in the middle office. As part of an ongoing deployment plan, the second phase introduces a new capability for confirmations.
The platform is designed to integrate with customers in order to cater to individual requirements, allowing for smoother reconciliation processing.
The gradual implementation of the GBST Syn~ platform is intended to help Haitong International to deliver on its key strategic business objectives.
Marcus Yang, operations director for the global market business at the Haitong International Securities Group, commented: “As we begin to leverage this second phase of our GBST Syn~ implementation we are already achieving business value, measurable productivity gains and client satisfaction. And there is so much more potential to explore in our drive to expand our services.”
Donal O'Brien, regional executive of GBST, said: “This is the latest proof that GBST Syn~ offers continued process improvement and enables flexible business goals over time.”
“It is also the consolidation of a trusted relationship between our two organisations. We are establishing a leading position in providing internationally accredited systems to investment banks in the Asian region.”
