Taiwan financing institutions are now facing great regulatory pressure. Hence, they have to work out plan to comply with sanction laws and regulations. Ares International Corp., the regional partner of SWIFT (Society for Worldwide Interbank Financial) in Taiwan held a compliance forum for compliance officers recently with SWIFT.
Ares International Corp. has provided insights in Gartner’s report “Market Guide for Manufacturing Execution System Software” (*).
To help foreign exchange system developers of banks to be familiar with AFEIS (Advanced Foreign Exchange Information System), Ares International Corp. recently held an educational training course.
Since Taiwanese banks have been setting up Treasury Marketing Unit in overseas branches actively to sell financial derivatives, overseas branches information system requires more effective tools. Ares International Corp. recently headed to Hong-Kong and held a dinner party to share the counter solution which can reveal market risks and conform to related regulations.
Taiwan’s Ministry of Finance had estimated that the amount of electronic invoices issued exceeded 4 billion at the end of 2014! Once the electronic invoice replaces paper receipt, around 2 billion shipment costs could be saved for enterprises. The year 2014 is also the year that the policy turns into execution. Therefore, Ares International Corp. recently held an electronic invoice seminar to help enterprises respond to the policy.
Hong-chen Lin, president of Taiwan Cooperative Bank (TCB), led several executives to hold the housewarming of Phnom Penh Branch of Cambodia and hosted an official business launch of Teuk Thla and Posenchey sub-branches on January 5th, 2015. TCB has chosen Ares International Corp. again and employed its overseas branch core banking system “eAresBank”.