Recently, RIKING won the bid of Habib Bank Ltd.
Co. (Abbr.as HBL) for its Financial Regulatory Reporting System (F2RS) because
of RIKING’s successful cases, rich experience of project implementation and
great comprehensive strength. RIKING assisted HBL Beijing Branch to start business
successfully and achieved its strategic deployment which attempts to provide
full banking service to the countries along the Belt and the Road for their economy
and trade business.
RIKING continuously plays an important role
in the development of HBL as strategic partner. In 2017, RIKING assisted HBL Urumqi
Branch to start business successfully, the pleasant corporation experience established
a solid foundation for both to cooperate again.
Partnership
HBL is founded in 1947, it was the first
commercial bank in Pakistan. On December 13th ,2019, its Beijing branch
got the reply from CBIRC for preparation. Along with the Road and the Belt
Initiatives, China-Pakistan economic corridor and regional economic integration
were being boosted. RMB plays an important role in improving bilateral
investment and the process of trade. The preparation and future service of
Beijing branch would give full play to Beijing’s region, talents and
information. HBL took tangible actions to practice the Belt and the Road
Initiative and strengthen the financial corporation within the initiative.
Background
With the establishment of Chinese financial
regulatory law and regulations as well as the financial reformation, PBOC,
CBIRC, and SAFE requires all the financial institutions to report relevant business
data according to constitutive rules and standard in order to supervise and
manage all the financial institutions better. Nevertheless, most of regulatory
reporting requirements have some features which are large volume of data, wide
sources, short reporting deadline and high data quality requirement.
About Product
Based on the internal needs and standard
requirements of regulatory department, RIKING releases Front Bank Data
Warehouse System (FBDS) as solution. This system integrates all the products of
RIKING, which includes PBOC Message Generation Subsystem of Non-interface Banks
(MBT), PBOC Report, Anti-Money Laundering (AML), PBOC Payment Information
Statistical Analysis System (PISAS), Financial Standardization System (FSS), Interest
Rate Monitoring System (IRRMS), RMB Cross-border Receipts and Payments
Information Management System（RCPMIS）etc.; In accordance with CBIRC, there are CBIRC 1104, Online
Verification System (OVS); For SAFE, RIKING releases Bank Capital Finance
Accounting Project (CFA), Balance of Payment(BOP), Account Management System(ACC),
Internal Account Settlement System (JSH), Foreign Finance Assets &
Liability System (FAL). FBDS can satisfy all the regulatory needs of financial
institutions.
About Us
RIKING, as one of the most competitive
providers in Chinese financial regulatory compliance industry, has been in
leading position in foreign bank regulatory reporting marketing for several
years. With the rapid development of financial regulatory market, RIKING would
follow the developing trend of the industry on the basis of keeping the best
quality of products and services. RIKING would assist its partners and clients
to improve their compliant performance with advanced products and services.
