[2009/07/15]

Koscom to promote IB Solution Business

While most financial institutions are investing in both competitive human resources and IT infrastructures since the Capital Market Act, Koscom(CEO Kim, Kwang Hyun), a leading financial IT solution company is promoting its IB(Investment Banking) solution business.

Based on 32 years of experience in securities industry, Koscom is much more fortifying its Exchange front-office solution along with seeking overseas partnership with renowned global solution companies to procure credible OTC solutions.

Koscom has a plan to provide not only individual solution but total package which has organic link among front, middle, and back office. So total package service enables enterprise goods management and risks calculation through automatic process from trading, risk verification to business management.

Koscom will also provide customers with maintenance service. And this will be a good news for the current users of OTC derivatives solutions who are undergoing lots of inconvenience such as having to wait for months to repair their systems.

Koscom is planning to offer its tried-and-true IT services which are fortified with technical partnership with global companies and operation experience of securities systems, to the major OTC derivatives traders such as banks, securities firms, and insurance companies.

A source from the financial investment industry said, "If Koscom fulfills clients’ needs for unified solution that suits Korean market, the market will enthusiastically embrace Koscom’s IB solution and it will eventually lead to overall development of Korean financial market."(The End)