Through the JV, Saxo Bank aims to grasp important opportunities brought by China’s open financial markets
British bank establishes fintech joint venture in China. Source: shutterstock.com
Saxo Bank announced a partnership with Geely Sweden Holdings AB to establish a technological joint venture (JV). They are going to provide financial and regulatory technology solutions to Chinese financial institutions.
The JV will utilize cutting edge technologies such as cloud-based services, big data, and artificial intelligence. This way, Chinese institutions will be provided with full-suite financial and regulatory technology solutions. It’s about the areas of trading and investment, robo-advisory, asset management, risk solutions, and Regtech. Geely will fully support the JV’s deployment and operation, especially in providing local know-how.
Saxo Bank intends to introduce internationally advanced financial and regulatory technologies and experiences to China. Along with that, it wants to offer developing platform solutions that suit the needs and requirements of the Chinese market.
SEE ALSO:
