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ČSOB Chooses Wolters Kluwer’s OneSumX for Risk Management
Československá obchodní banka (ČSOB) has chosen Wolters Kluwer’s OneSumX software to support its Treasury department.
OneSumX provides an ecosystem of complementary and comprehensive solutions and services to manage the intersection of governance, finance, risk and compliance, increasing organizational profitability, efficiency and growth.
ČSOB, which is owned by Belgium’s KBC Bank, will use OneSumX for Risk Management, implementing the solution for its Treasury (ALM) department to oversee its funds transfer pricing (FTP) system.
The FTP component is based on Wolters Kluwer’s integrated platform, which performs the assignment of FTP rates and calculation of spreads per deal, thus enabling calculation of business units profitability, as well as balance sheet analysis and management.
“ČSOB’s adoption of our software is another important validation of our leading position in the risk management space through our OneSumX solution,” notes Kris Van Bavel, managing director, EMEA, for Wolters Kluwer’s Finance, Risk & Reporting business. “We very much look forward to continuing our work with the bank on the implementation and on a further roll-out of our risk management solution.”
Other banks that have recently signed up to use OneSumX include BGFI, Banco Santander, Taiwan Business Bank, Bank BGŻ BNP Paribas and Mizuho Bank.
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Worldline and ABN AMRO Extend Partnership to Support Payment Services in the Dutch Market
ABN AMRO and Worldline share a distinguished partnership built over decades. In recognition of this strong foundation and proven track record, Worldline will continue to enhance ABN AMRO’s customer payment solutions. This collaboration underscores the value both parties place in their long-term commitment to innovation and operational excellence.
RateGain and Juspay Partner to Power ‘RG Pay,’ a High-Performance Financial Technology Platform for the Global Travel and Hospitality Industry
RateGain Travel Technologies Limited (NSE: RATEGAIN), a global leader of AI-powered SaaS solutions for the travel and hospitality industry, and Juspay, a leading global payments technology company, today announced a strategic partnership to power RG Pay, RateGain’s embedded financial technology platform for the travel and hospitality ecosystem.
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According to ResearchAndMarkets’ recent forecasts, Chinese outbound travel is predicted to grow at a Compound Annual Growth Rate (CAGR) of 13.5%, increasing from $140B today to reach $386B by 2033. UnionPay International helps cardholders to easily make cross-border payments in 183 markets and its payment methods are particularly popular with travelers across Asia Pacific.
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