Payment news, September 14

BOCIL private banking now on T24

Bank of China International Limited BOCIL, a wholly-owned subsidiary of Bank of China International BOCI, has launched private banking operations in Hong Kong running on Temenos T24 core banking solution. The complete front-to-back platform will centralise BOCIL’s operations and give BOCI a clear picture of real-time risk exposure.

“We are delighted to be part of BOCIL’s success as they make headway in the Hong Kong wealth management sector, one of the world’s premier wealth management centres and Asia’s largest private banking market,” said Andreas Andreades, chief executive of Temenos, in a statement. “We are seeing a growing global trend among private banks...