Bank of China announced that it has signed a contract with two U.S. companies for processing services in its treasury and capital markets departments.

The Beijing-based bank signed a licensing and installation agreement with Frustum Group Inc., a New York software firm. Hardware will be supplied by International Business Machines Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.