ZA Bank Adopts Bloomberg TOMS to Support its Investment Needs

Bloomberg announced that ZA Bank Limited (“ZA Bank”), a leading virtual bank in Hong Kong, has adopted Bloomberg’s sell-side trade order management system (TOMS) to support its Treasury’s fixed income investment portfolio.

“We are pleased to partner with Bloomberg and use their industry-leading investment technology solution to support our fast-growing business,” said Rockson Hsu, CEO of ZA Bank. “As we continue to build a game-changing digital bank for our users, it’s important to find an innovative solution that helps generate revenue, drive efficiency, and manage risk and compliance.”

“We are excited to be supporting one of Hong Kong’s largest virtual banks on their technology journey,” said Dahai Wang, Head of Greater China Sales at Bloomberg. “Our advanced financial solutions and network of users allows virtual and traditional banks alike to better manage their trading needs on a seamless and efficient workflow. We look forward to partnering with other financial institutions to provide value to their customers using our technology.”

Bloomberg TOMS provides sell-side firms the ability to efficiently manage inventory, risk, P&L, compliance, and straight-through processing across various asset classes. The suite of solutions also includes market connectivity and trading tools to support a firm’s electronic trading workflows and help firms synchronize their front office risk and trading with middle-office, operations, and enterprise applications in real-time.

In recent years TOMS has won numerous industry awards, among others the Best Sell-side OMS Ranking and the Best Sell-Side Front-Office Platform Award delivered by Waters Technology.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.

For more information, visit Bloomberg.com/company or request a demo.

About ZA Bank

ZA Bank Limited (“ZA Bank”) is the first batch of virtual banks in Hong Kong licensed by HKMA in 2019. It was established by ZA International, the international arm of ZhongAn Online P&C Insurance Co., Ltd. (HKEX Stock code: 6060). The Bank officially launched its services in 2020, being the first fully operating virtual bank in Hong Kong. It further enhanced its services with Business Banking to local SMEs in 2021. ZA Bank encourages users to directly contribute to its product development and design processes with its “Community-Driven” approach to better serve the customers’ needs.

ZA Bank is Hong Kong’s No.1 virtual bank. ‘No.1’ is defined by ZA Bank’s leading position in the virtual banking industry in terms of customer deposits, loan & advances and number of users as of 31 Dec 2021, based on annual results announcements of eight virtual banks.