Fiserv Extends Agreement with Charles Schwab for Scalable and Integrated Managed Account Technology
- 9 years 5 months ago
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Charles Schwab & Co., Inc. has signed a three-year extension for the Unified Wealth Platform from Fiserv. A Fiserv client for over 14 years, Schwab utilizes the Unified Wealth Platform from Fiserv for portfolio management, accounting, trading and model-portfolio capabilities for its managed accounts platform across its...
Clandestine Cloud Culture discovered in UK
- 9 years 5 months ago
- Cloud
Despite being one of the most highly regulated industries, UK Financial Services organisations could be taking risks by circumventing the IT team when it comes to public cloud deployments across the business, a new study from EMC, VCE and VMware today reveals.
Alliance between EXIN and Huawei to promote e-Competences Framework
- 9 years 5 months ago
- Infrastructure
EXIN and Huawei Technologies Co., Ltd are joining forces for the development of ICT professionals based on the e-Competence Framework (e-CF). This partnership, signed in Beijing, is a breakthrough for Huawei, a leading global ICT solutions provider, and EXIN, a leading international certification institute in the ICT domain, opening up a new route for the development of ICT competences.
Fintellix to Unveil Nextgen Regulatory Compliance Platform for Bank of Mauritius ADF Reporting at Upcoming CXO Briefing
- 9 years 5 months ago
- Compliance
Overwhelmingly rapid change has become the new normal in regulatory compliance worldwide, including Mauritius. Form, content, format and calculation are being constantly changed by regulators to drive a stable financial ecosystem. Post the 2008 global crisis, regulators worldwide have begun adopting global standards for automating information exchange with banks and also to ensure that the banking ecosystem speaks a common language. Meanwhile...
FinTech start-up Money Mover raises £1m to tap $5.6 trillion SME international money transfer market
- 9 years 5 months ago
- Payments
Money Mover, the online business currency exchange and international payments service dedicated to SMEs, today announced that it has raised £1m from a group of financiers, entrepreneurs and technologists, including Andy Homer and Sir Peter Michael. Money Mover aims to make international money transfer an asset rather than an inhibitor for SME growth by empowering businesses to make international money transfers quickly, at significantly reduced...
CFPB Orders Citibank to Pay $700 Million in Consumer Relief for Illegal Credit Card Practices
- 9 years 5 months ago
- Payments
The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, N.A. and its subsidiaries to provide an estimated $700 million in relief to eligible consumers harmed by illegal practices related to credit card add-on products and services. Roughly 7 million consumer accounts were affected by Citibank’s deceptive marketing, billing, and administration of debt protection and credit monitoring add-on products. A Citibank subsidiary also...
Genworth Enters Into Exclusive Negotiations With AXA S.A. To Sell Lifestyle Protection Insurance Business
- 9 years 5 months ago
- M&A Deals
Genworth Financial, Inc. (NYSE: GNW) announces it has entered into exclusive negotiations with AXA S.A. after receiving an irrevocable offer to purchase its lifestyle protection insurance business. The company expects to accept the offer and execute an associated purchase agreement upon completion of the French works council1consultation process.
Nomura to Open Asset Management Company With Japan Post Bank
- 9 years 5 months ago
Nomura Holdings has signed an agreement with Japan Post Bank, Japan Post, and Sumitomo Mitsui Trust Bank, Limited to establish a new asset management company and develop asset management products. Nomura will take a 20 percent stake in the new company, while Japan Post Bank will take a 45 percent stake, Sumitomo Mitsui Trust Bank a 30 percent stake, and Japan Post a 5 percent stake.
Linear Investments To Acquire AQX Securities's Assets
- 9 years 5 months ago
- M&A Deals
Linear Investments, the UK based broker and hedge fund platform, has acquired the assets of AQX Securities's agency execution business from the Aquila Group. The acquisition will enhance Linear's existing execution-only services and broaden its reach across asset classes, from equities, ETFs, futures and options, to cash fixed income.
Symantec to Deliver Keynote at GlobalPlatform’s Annual TEE Conference
- 9 years 5 months ago
GlobalPlatform, the association which standardizes the management of applications on secure chip technology, has confirmed that Nicolas Popp, Vice President, Information Protection at Symantec, will deliver the keynote address at its third annual trusted execution environment (TEE) conference, which takes place in Santa Clara, California on Tuesday, October 13.
Tenable Network Security Unveils Verizon 2015 Data Breach Report Dashboards for SecurityCenter Continuous View
- 9 years 5 months ago
- Security
Tenable Network Security®, Inc., the leader in continuous network monitoring, today announced five new SecurityCenter Continuous View™ dashboards based on Verizon’s 2015 Data Breach Investigations Report (DBIR).
Premier Tax Free launch the future of Tax Free Shopping with self-service kiosks
- 9 years 5 months ago
- Payments, ATMs
Tax-Free Shopping Company, Premier Tax Free has developed a retail point of sale solution that is claimed to be the ‘future of tax-free shopping’. Premier Kiosk is a quick and simple interactive self–service solution that allows tourist shoppers to generate their own tax-free forms. Lengthy queues at till points and customers services as well as manual and lengthy paperwork can be eradicated.
Maitland To Continue Rapid Global Expansion With Stanlib Deal
- 9 years 5 months ago
- M&A Deals
Global advisory and fund administration firm Maitland has concluded an agreement with STANLIB, one of Africa’s largest fund managers, to “lift out” its traditional institutional fund administration operations. The deal, effective 1 October 2015, will boost Maitland’s own AUA by $40bn to $260bn, making it one of the world’s largest fund administrators. It comes during a period of rapid global growth for the firm, following the firm’s recent...
SunTec and Loylogic turn customer data into loyalty points for banks
- 9 years 5 months ago
- Banking
SunTec, the leading provider of revenue management and business assurance solutions to Financial Services firms, today announced its partnership with Loylogic, the world’s leading innovator and creator of points experiences, insights, commerce and engagement.
EIB approves EUR 10 billion of new EIB loans and launches European Fund for Strategic Investments with European Commission
- 9 years 5 months ago
- Investment
New investment for strategic infrastructure across Europe and around the world, including road, rail, ports, inland waterways, and airports, were amongst nearly EUR 10 billion of new lending approved this week by the Board of Europe’s long-term lending institution, the European Investment Bank. Financing was agreed, subject to final negotiation, for a total of 45 projects, including 5 schemes expected to get support from the EU budget guarantee...
