Taiwan bank deploys fund automation system

07.11.2008

According to Eric Chua, regional head, investment funds solution, commercial division, SWIFT, as many as eight banks in Asia Pacific have already adopted the SWIFTNet Funds solution, while 20 banks are testing the solution and 36 banks have applied for the service.

Chua said fund automation has come to see a critical mass in Asia, as five more banks in Taiwan will begin using the service this year. He said Taiwan is taking a leading position in wealth management and fund automation in Asia.