Thanachart Bank has selected Wolters Kluwer Financial Services’ IFRS solution in order to adhere to Bank of Thailand requirements. The bank will benefit from a fully automated process which will apply specific IFRS calculations, run IFRS-GAAP ledger, whilst reducing costs through the adaption into a single system.
“We decided to implement the IFRS solution to achieve compliance with IAS 39, from transaction to disclosure,” says Kh. Anuwat Luengtawekul, executive vice president of finance at Thanachart Bank Public Company Limited. “Wolters Kluwer Financial Services was the vendor of choice because they provide more than just a package solution. Through a clear understanding of the local compliance requirements and a strong commitment to the region, their certified solution provides the most comprehensive offering to Thanachart Bank.”
Latest News
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories