About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

United Overseas Bank Selects NeoXam to Support FRTB And BCBS 239

Subscribe to our newsletter

Singapore’s United Overseas Bank has selected NeoXam’s DataHub to support group-wide data management and compliance with regulatory requirements of the Fundamental Review of the Trading Book (FRTB) and risk data aggregation and reporting under BCBS239.

Lim Ann Liat, head of markets and enterprise technology, group technology and operations at United Overseas Bank, says: “One of our aims in harnessing technology is to improve business performance. By tapping NeoXam’s DataHub, we will be able to increase the speed in which we manage immense quantities of market data through automation while driving productivity improvements and mitigating operational risk, all in a cost-effective way.”

NeoXam DataHub is a customisable software solution for centralised data management that provides an easy to govern and transparent way to manage the data supply chain for risk management. It acts as a single repository of market data and helps reduce operational risk, address regulatory requirements and achieve market data cost savings.

Tim Versteeg, chief sales office and general manager of NeoXam Asia Pacific (ex China, says: “When FRTB is implemented, a vast amount of market data is going to be required on a daily basis. Not only is the consolidation of this important, but market data costs could soon spiral out of control if there isn’t an optimised process in place. We are working with United Overseas Bank Group in Singapore to ensure that FRTB compliance is a smooth and cost-effective process. Our data centric approach to market data management enables swift implementation of a United Overseas Bank Group golden copy of data and a governance model that will keep the bank one step ahead of the regulatory curve.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Managing Off-Channel Communications Compliance

Managing off-channel communications – business interactions occurring outside of approved corporate systems – continues to challenge firms’ compliance efforts. The rise of personal messaging apps, social media, and other unmonitored channels – for example, messaging functionality embedded in an order management system – exposes firms to substantial regulatory risk. Enforcement actions by regulatory bodies, such...

BLOG

DG FISMA Rejects the ESAs’ Draft RTS for DORA

Less than one week after the Digital Operations Resilience Act (DORA) came into full force in the EU, the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) issued a letter to the Chair of the Joint Committee of the European Supervisory Authorities (ESAs) rejecting the draft regulatory technical standards (RTS) submitted...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...