
CMB Wing Lung Bank goes live with GBST back-office solution
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
CMB Wing Lung Bank, a leading bank in Hong Kong, has successfully implemented a back-office custody solution from global financial technology provider GBST (ASX: GBT).
This partnership will support CMB Wing Lung Bank, a subsidiary of China Merchants Bank, to grow its custody banking business which safeguards the financial assets of many of Asia’s largest investors.
Using GBST’s Syn~Ops Custody product, CMB Wing Lung Bank can efficiently and securely clear, settle and account for their global custody activity in a single system.
GBST already provides capital markets technology solutions to China Merchants Bank plus other major players in Asia and globally, including Haitong International, Deutsche Bank and Raymond James.
The Syn~Ops Custody platform is a modern, workflow-driven and cloud-capable solution that allows prime brokers and custodians to focus on the customer and reduce the cost of operations through automation.
It forms part of the Syn~ suite of products which includes post-trade solutions across middle and back-office, lowering operational costs and improving sell-side customer service.
Denis Orrock, Head of Asia Pacific at GBST, commented on the partnership:
“I’m delighted that CMB Wing Lung Bank are now live on our custody solution after a smooth project which delivered on time and to budget. We look forward to working with them to migrate their clients onto the platform and help them deliver efficiencies and service improvements to grow their business.”
“Our partnership with CMB Wing Lung Bank demonstrates our continued customer growth within the important local market segment, leveraging the capability we have developed for international investment banks and brokers in the region. We anticipate further growth as the local market segment continues to develop their international markets capabilities and requirements.“
GBST has two Asian offices, located in Hong Kong and Singapore, to support its growing capital markets client base in this important region for global financial services.