The partnership aims to expand SCB’s Private Banking business following the acquisition of American Express Bank in February 2008. SCB is set to employ Spectrum Private Banking in order to manage its collateralized cross-product trading business. Spectrum provides wholesale and private banking trade management functionalities for foreign exchange, interest rate, equity and derivative products. With this deployment, Spectrum has completed the commercial implementation of a real-time, cross-product margining solution in the private banking sector.
SCB owns assets worth USD 400 billion and manages a network of over 1,700 branches and outlets in more than 70 countries across the Asia-Pacific region, South Asia, the Middle East, Africa, Europe and the Americas.
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