FinIQ is pleased to announce that Bank of China, Macau has licensed its Bonds and Equity Linked modules. These modules will help the bank scale up its fixed income, equity linked and structured products businesses by connecting its branch network with the central dealing and backoffice operations. FinIQ's platform will streamline price discovery, order management, order aggregation, allocation, settlements, documentation, accounting, coupons, fixing, reporting, and compliance, among other things.
Terry Hung, FinIQ's Manager for Greater China Region says, "We are proud to have secured our first onshore Macau client. FinIQ has a proven track record in the treasury and structured products space in the Greater China region. 15 banking entities across 8 different banking groups are already using our platform to automate a variety of financial instruments."