VP Bank Group Selects Thomson Reuters to Implement a New Risk System
Thomson Reuters has been selected by VP Bank Group to implement its risk management systems to support the bank’s global operations. The bank is implementing a new core banking platform at its headquarters in Liechtenstein to link up its subsidiaries around the world and support its international growth. Thomson Reuters will provide a key element of the new system with its implementation of Kondor+, its front-end position keeping system, and Kondor Global Risk Management, which consolidates credit limit information and manages the data in real-time across all instrument types. In addition, Thomson Reuters will provide the system integration, linking Kondor+ to the new core banking platform.