Hong Kong's Bank of East Asia BEA has implemented vendor Clear2Pay's open payment framework in China, allowing it to improve control of payment transactions.
The bank implemented the new technology infrastructure in Shenzhen where it will support its growing China business. The framework allows BEA to build a payments hub to improve flows between its back-office systems and its corporate internet banking and electronic commercial bill system, a move that will allow it to better meet its wholesale banking customer's treasury needs. The solution does not cover the bank's Hong Kong operations.
This is an important step for us as we embark on a wider process of upgrading our payments environment...
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