RIKING won the bid for the "Foreign Risk Management System" of a leading city commercial bank to escort the high-quality development of finance
Finance is the lifeblood of the national economy, and as an important part of the financial system, the risk management level of the banking industry is directly related to the stability and sustainable development of the entire economic system. Against the backdrop of deepening global economic integration and the increasing complexity of the foreign exchange market, banks' foreign exchange risk management is facing unprecedented challenges.At the end of 2023, the State Administration of Foreign Exchange (SAFE) promulgated the Administrative Measures for Banks' Foreign Exchange Business (for Trial Implementation), which puts forward higher requirements for banks' foreign exchange business capabilities, requiring banks to carry out foreign exchange business process reengineering and realize the construction of a new foreign exchange business system.
It will build an integrated foreign exchange business risk control platform to empower a new foreign exchange business ecology
In order to further enhance the bank's foreign exchange business capabilities, promote cross-border trade, investment and financing facilitation, and prevent cross-border capital flow risks, a leading city commercial bank in Jiangsu Province joined hands with RIKING to carry out a foreign exchange business project, efficiently build an integrated foreign exchange business risk control platform with regulatory compliance, accurate rating, differential review and accurate monitoring, and create a new foreign exchange business ecology.
The whole process control will be established before, during and after the event, which can meet the regulatory needs in one stop
In this project, RIKING will start from the four core links of foreign exchange business: customer due diligence, customer classification, business review and risk monitoring, and realize the whole process control of foreign exchange business before, during and after the event, help the bank improve its foreign exchange risk transaction monitoring and management capabilities, and meet the needs of the implementation of the new regulations of the bank's foreign exchange business in one stop.
RIKING's foreign exchange business solutions will escort the high-quality development of the financial industry
RIKING's overall foreign exchange business solution can meet the needs of banks in all stages of foreign exchange business before, during and after the event, and will help banks improve their foreign exchange business capabilities, improve the quality of foreign exchange business services, meet the diversified needs of customers, reduce the cost and risk of regulatory compliance, and effectively escort the high-quality development and high-level opening up of banks.
In the future, RIKING will maintain its investment and research in the foreign exchange market, provide more high-quality solutions and consulting services, create new quality productivity for service banks, and continue to empower the high-quality development of the financial industry.
Contact information
Minnie Fang
Director,Business Development Center
Minnie.Fang@riking.net
Roger Zhou
Director, Presales and Consulting Center
Roger.Zhou@riking.net
