BoNY signs electronic banking agreement with KTB
Quote:
Thailand: BoNY signed agreement with Krung Thai Bank
Copyright 2005 T.A.B. International Pte Ltd.; The Asian Banker Journal; November 30, 2005 Wednesday
The Bank of New York recently signed an expanded eletronic banking and cash management services agreement with Krung Thai Bank, making Krung Thai Bank the first local bank in Thailand to offer its clients an Internet-based system for payment and trade transaction processing. Krung Thai and its clients now have access, on a private label basis, to the Bank's suite of Internet-enabled payment and trade information products. The Bank of New York is providing these services to Krung Thai Bank through its branch network in the United States and Asia.
Eric Kamback, executive vice president and head of global payment and trade services at The Bank of New York, said, "This arrangement enables Krung Thai Bank and its customers to use our Internet-based system to increase their efficiency in meeting their trade and payment needs. This alliance reflects our continued commitment to providing our global client base with high quality service, leading technology and timely access to our processing network."
Pongsathorn Siriyothin, first senior executive vice president of Krung Thai Bank, said, "The Bank of New York's proprietary payment and trade services technology provides us with state-of-the-art Internet services that connect seamlessly with our back-office systems. Together with the Bank's processing network, we are able to offer very competitive trade and payment services to the Thai marketplace."
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at
www.bankofny.com.The Bank of New York Kevin Heine, 212-635-1569
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