VP Bank Group selects Thomson Reuters to implement a new risk system.
Thomson Reuters will assist VP Bank Group in its international expansion strategy linking up banks subsidiaries around the world.
Thomson Reuters will provide a key element of the new system with its implementation of Kondor+, its sophisticated front-end position keeping system, and Kondor Global Risk Management, which consolidates credit limit information and manages the data in real-time across all instrument types. In addition, Thomson Reuters will provide the system integration, linking Kondor+ to the new core banking platform.
With Kondor+ and Kondor Global Risk, we will be able to support our centralised business functions with modern and well-established functionality, says Snke Bjrn Vetsch, chief group information officer, VP Bank. This will allow VP Bank to continue its international growth strategy.
Thomson Reuters is committed to providing innovative risk solutions to the market and is pleased to have been entrusted by VP Bank on this critical project, says Andrew White, global head of Risk Management, Thomson Reuters.
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