Even with the lift provided by the growing demand on the asset servicing side, however, Mr. Kennedy admits that many Asian investors still do not have a clear understanding of the IBOR concept.
The company said he would oversee global software research and development, product innovation, delivery and quality assurance for Sonata.
The banking trojan, Neverquest, is continuing to evolve as it targets the Japanese, German and American banking sectors
State Bank of India (SBI), the nation's largest bank, has launched six digital branches across the country
The company also specializes in treasury technology, derivatives, banking, risk management and broad capital market area.
The IT company will develop a customized QQ platform targeting financial institutions including securities brokerage firms, trust companies, banks and fund management firms, charge fees for usage and share the revenues with Tencent based on their agreemen