CITIC Ka Wah Bank Ltd has gone live with VRisk

Viveo, a global leader in banking software solutions, today announced that their latest customer, a leading offshore Chinese bank, CITIC Ka Wah Bank, has gone live with Viveo’s innovative VRisk suite to enhance its AML compliance systems.

Together with Citic Ka Wah, Viveo has deployed both its customer and transaction screening components to provide a fully comprehensive and high performance compliance solution. Citic Ka Wah has now been running VRisk in its day to day operations since February, 2009.

Citic Ka Wah is pleased to be working with Viveo and its partners. “We are pleased that Viveo has delivered a solution that helps us meet the challenges associated with the rapid growth of our bank in the region.” Stated Roy Huang, Executive Vice President, General Counsel and Head of Compliance of Citic Ka Wah Bank.

The integration process was assisted by Viveo’s regional partners including Automated Systems (HK) Limited, their key integration partners, and Tigerland Asia Pacific, their regional representatives. “Thanks to our successful partnership with our regional partners and the configurability of the VRisk suite, we have had a very smooth integration process.” Stated Amanda Gilmour, COO of Viveo Belgium.

About CITIC Ka Wah Bank Ltd.:
"CITIC Ka Wah Bank Limited (the "Bank") is a wholly-owned subsidiary of CITIC International Financial Holdings Limited, which in turn is 55%-owned by CITIC Group as at 30 June 2008. By providing value-creating financial solutions to define and exceed both the wealth management and international business objectives of our Greater China and overseas customers, the Bank aspires to be the "China Bank of Choice", with the best international standards and capabilities. The Bank’s footprint in Greater China includes 27 branches in Hong Kong, a branch in Macau, a branch in Shanghai and its PRC-incorporated wholly-owned subsidiary, CITIC Ka Wah Bank (China) Limited, which is headquartered in Shenzhen with branches in Shanghai and Beijing. The Bank also has overseas branches in New York and Los Angeles. The Bank is rated "Baa" by Moody’s Investors Service and "BBB+" with positive outlook by FITCH. In recognition of its outstanding achievement in Quality Management, the Bank received the Silver Award in the 2007 Hong Kong Management Association Quality Award.
More information about the Bank can be found on its website at www.citickawahbank.com.

About Viveo
A strategic partner of banks and other financial institutions, Viveo delivers an exhaustive and modular range of software suites and services that provide the best possible response to all the functional, technological and regulatory challenges faced by organisations in the sector. Today, Viveo has acquired a leadership position as the only player benefiting from a Europe-wide presence able to provide end-to-end solutions addressing all aspects of a banking project based on a combination of consulting and publishing services. Viveo’s ambitious R&D policy (20,000 staff days a year since 2000) allows the company to offer the most sophisticated banking software suites on the market, from the standpoint of technology (service-oriented architecture) as well as business process coverage. Backed by more than 25 years of experience in the banking sector, Viveo now has more than 700 clients in over 30 countries.
For more information, visit our website