In recent years, the cross-border business and trade scope of RMB grow bigger and bigger, RMB has become the 4^th payment currency. Due to the rise of RMB in international currency system, PBOC announced that RMB Cross-border Receipts and Payments Information Management System (RCPMIS) was launched within China since 2009 which can help to supervise and analyze the cross-border business of RMB. So far, all the commercial banks with RMB business have to report RMB cross-border receipts and payment information to PBOC. However, in the actual process, the features that RCPMIS requires  diverse range of business, multi-module and large volume of data which make it difficult for banks to report.

Against this background, Norddeutsche Landesbank corporates with RIKING in RCPMIS project. RIKING has developed RMB Cross-border Receipts and Payments Information Management System (Bank Version) (referred to as RCPMIS) on the basis of current existing platform to meet the reporting requirements of financial institutions. RCPMIS  uses full regulatory data model to ensure system debug and go-live quickly. Also, the system is mature and stable with well-developed functions and backup mechanism so that it could provide necessary technical support for commercial bank. It not only meets the demand of PBOC, but also helps banks to reduce labor cost and increase work efficiency by recognizing the feature of banks’ core business system and importing data automatically. It’s more efficient and human-based, and makes regulatory reporting simpler.

Norddeutsche Landesbank is the fourth biggest state bank in Germany, and its Shanghai Branch established in 2004. It mainly provides the customers from medium-sized enterprises and the saving banks association with investment or financing service. Shanghai Branch became the European Customer Desk for over 110 saving banks in northeastern Germany. More and more customers from saving bank or medium enterprises are conducting business and investment in China through Norddeutsche Landesbank Shanghai Branch.

As a supplier, RIKING has rich experience in working with foreign banks. RIKING’s products and service include the regulatory and compliant business of all the banks and financial institution in China and Hong Kong. With the understanding and study of RCPMIS platform, RIKING is trying to create effective, human-based and perfect product and service to clients.

As an innovative fintech corporation, RIKING consistently adheres to the Operation Philosophy “Focus on Finance, Focus on Service”. RIKING will create value for clients and provide professional, safe, and competitive products. RIKING’s objective is “To be like Fiserv”. It will undertake social responsibility positively and then promote the benign development of the industry.