The Hong Kong unit of Bank of China , the world ’s fifth - largest bank , has acquired funding from smartTrade for its electronic banking platform . Reports , the bank has not been able to scale its existing system to accommodate its growing customer base . The news comes as Chinese banks continue to expand and look to become key players in the rapidly - growing electronic forex markets .
The Hong Kong unit of Bank of China, the world’s fifth-largest bank, has picked technology from smartTrade for its electronic forex platform. Reports suggest the bank has not been able to scale its existing system to accommodate its growing client base. The news comes as Chinese banks continue to expand and look to become key players in the rapidly-growing electronic forex markets.