RIKING collaborates again with a leading foreign-funded corporate bank to jointly promote the construction of Unified Regulatory Data Report System & Trust Zone

Quick Look! New Changes in the Second Review of the Anti-Money Laundering Law Revision Draft!

Recently, RIKING's FRA system has received positive market feedback. Following the successful bid for a leading city commercial bank in Jiangsu, RIKING has added a new order, successfully reaching a cooperation agreement with a foreign-funded corporate bank for the FRA system. This important milestone once again confirms RIKING's profound strength and high customer trust in the foreign bank market.

Finance is the lifeblood of the national economy, and as an important part of the financial system, the risk management level of the banking industry is directly related to the stability and sustainable development of the entire economic system. Against the backdrop of deepening global economic integration and the increasing complexity of the foreign exchange market, banks' foreign exchange risk management is facing unprecedented challenges.At the end of 2023, the State Administration of Foreign Exchange (SAFE) promulgated the Administrative Measures for Banks' Foreign Exchange Business (for Trial Implementation), which puts forward higher requirements for banks' foreign exchange business capabilities, requiring banks to carry out foreign exchange business process reengineering and realize the construction of a new foreign exchange business system.

Recently, with excellent project implementation experience in the field of regulatory compliance and accurate grasp of regulatory requirements, Yuejin Digital Division successfully won the bid for the renovation project of the new core system construction regulatory submission module of a city commercial bank.

Since the beginning of this year, China's investment in science and technology finance has increased significantly. For example People's Bank of China it has launched a 500 billion yuan re-loan for scientific and technological innovation and technological transformation, which will be issued to 21 financial institutions to support the capital needs of scientific and technological innovation and technological transformation projects.

Sail hard and stand bravely at the head of the tide.In 2024, RIKING will be full of enthusiasm and be a good doer, and in the first half of the year, it will forge ahead and work hard in terms of product research and development, customer service, and market response.In order to realize the vision of " Making Regulatory Burdens Simplified", we will continue to improve our learning, execution and creativity, and contribute to the regulatory compliance industry.

In early June 2024, the Shanghai Headquarters of the People's Bank of China held a Shanghai Anti -Money Laundering Conference.The meeting proposed: further promoting anti -money laundering work to risk -based transformation, incorporating money laundering risks into comprehensive risk management, based on self -assessing risks and problems as the starting point, finding the shortcomings and insufficient anti -money laundering work, strengthening the investment of anti -money laundering resource investment , Push anti -money laundering work to risk -based and effective high -quality development stage.This requires that financial institutions can accurately locate the risk of money laundering, timely discover the weakness of anti -money laundering work, and adopt corresponding risk control measures. Financial institutions need to have sufficient professional capabilities and resources to bring huge challenges to financial institutions.