Both firms will jointly develop and implement the comprehensive and interactive program to support a number of conglomerates with an Asia Pacific treasury knowledge platform, by leveraging the respective business strengths.
The alliance has decided to utilize the business strengths of both providers’ global and regional platforms, to ensure continuous relevance for Asia Pacific treasuries and treasury specialists.
Under the terms of the agreement, the US bank will leverage on its client-centric service model and development of integrated treasury products and services within the collaboration.
SunGard AvantGard’s will offer the technological knowledge needed by Asia Pacific’s evolving treasury industry through its global automation and centralization expertise in cash, compliance and risk.
Serving nearly 56 million consumer and small business relationships with almost 5,600 retail banking offices and about 16,200 ATMs, the bank offers an array of banking and wealth management services.
AvantGard technologies provide connectivity to a broad range of trading partners including banks, SWIFT, credit data providers, FX platforms, money markets and market data.
