Payment news, August 17

Hyundai and TMB Bank select risk management solutions, while DBS and PayPal begin a new partnership.
August 16, 2010

SunGard the choice for Thailand’s TMB Bank

TMB Bank Public Company TMB Bank implemented SunGard’s ambit risk and performance management solution to improve the handling of its market and liquidity risk. TMB Bank’s risk managers will now have access to more accurate and highly detailed data.

“Risk management continues to play a critical role in out business, particularly following Thailand’s financial crisis in 1997 and the most recent global financial crisis in 2008,” said Oranuj Tantimedh, head of market risk at TMB Bank, in a statement. “SunGard’s ambit risk and performance management solution will help TMB improve the management capital, risk and business performance, thereby helping to ensure...

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