The Payments Council announced full-year results for Current Account Switch Service
- 10 years 2 months ago
- Retail Banking
The Payments Council reported its latest dashboard for the new Current Account Switch Service, covering the first full 12-month period from the start of October 2013 to the end of September 2014. More than two-thirds of people (69%) in the UK are now aware of the Current Account Switch Service - up from 60% in October 2013. Customer confidence in the new service is similarly high, increasing slightly from 61% to 62% over the same time period.
Axis Bank goes live with Fundtech’s Remittance solution
- 10 years 2 months ago
- Wholesale Banking
Fundtech, a market leader in global transaction banking solutions, has announced that India’s third largest private bank, Axis Bank, has gone live with Fundtech’s flagship cash management solution, Global CASHplus, for remittances. The solution enables Axis Bank to efficiently process cross border remittances by automating the money transfer process for retail customers.
International Decision Systems to implement Tegile hybrid
- 10 years 2 months ago
Tegile Systems, the leading provider of flash-driven storage arrays for databases, virtualised server and virtual desktop environments, has announced that International Decision Systems, a provider of software and consulting services to more than 250 customers in 34 countries, has implemented Tegile hybrid arrays to improve its data centre capabilities.
Worldline signed a reseller-partnership with United Brands
- 10 years 2 months ago
- Payments
Worldline [Euronext:WLN], European leader in the payments and transactional services industry, signed a reseller-partnership with United Brands. Together they offer powerful and pioneering payment terminals to the Middle East and African (MEA) market acquirers and telecoms companies.
Earthport to provide international payment services for Desjardins
- 10 years 2 months ago
- Wholesale Banking
Earthport has signed an agreement with Caisse centrale Desjardins to provide international payment services, helping Desjardins’ customers make efficient low-value payments in an expanded number of markets globally. Caisse centrale Desjardins selected Earthport for the efficiency its solution brings to payment operations, its ability to drive increased FX revenue and its adherence to the standards and guidelines of the International Payments...
TriOptima reports that 78 firms in APAC are proactively using its triResolve portfolio reconciliation service
- 10 years 2 months ago
- Risk Management
Impending regulatory changes in Asia Pacific (APAC) have prompted leading financial institutions to proactively reconcile their portfolios and manage their collateral disputes, according to TriOptima, leading provider of OTC derivative post trade services. TriOptima reports that 78 firms in APAC are proactively using its triResolve portfolio reconciliation service, in anticipation of regional regulatory changes. The number of firms using...
Orc enhances features of Smart Order Router
- 10 years 2 months ago
Orc, a global leader in derivatives trading technology, has announced Orc Smart Order Router (SOR), a flexible, high-performance routing engine designed to enhance quality of execution, reach the best liquidity and reduce costs. It also enables brokers and firms to consolidate their market access infrastructure to one global vendor.
IRIS Software warns accountants to meet compliance with UK GAAP
- 10 years 2 months ago
- Security
With just three months until UK GAAP is dramatically altered, IRIS Software is warning accountants to act quickly or risk failing their clients. UK GAAP is being brought into alignment with the International Financial Reporting Standards (IFRS) and has been designed as a global language for businesses to simplify and modernise financial reporting. This comes into effect for accounting periods commencing on or after 1 January 2015, when FRS 101...
Dion rolls out a new NOVA suite module for Hong Kong Stock Connect scheme
- 10 years 2 months ago
- Wholesale Banking
Dion Global Solutions (Dion) (BSE: 526927), technology partner to the financial services industry, has launched a new module within its NOVA suite to support the Shanghai – Hong Kong Stock Connect scheme.
Calastone to provide order routing services for Hermes
- 10 years 2 months ago
- Wholesale Banking
Hermes Investment Management has selected Calastone, the global funds transaction network, for their global order routing services. Hermes has chosen Calastone’s global transaction network for their UCITS fund range in UK, Europe and Asia, enabling them to reach wider distribution channels through electronically automated STP.
Links Commodities to apply Trayport's GlobalVision Broker Trading SystemSM for European rapeseed oil markets
- 10 years 2 months ago
- Wholesale Banking
Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide,has announced that Links Commodities are now using Trayport's GlobalVision Broker Trading SystemSM (BTS) for the FOB Dutch Mill NOFOTA rapeseed oil paper contract and to aid some physical trading.
ADX launches its first smart mobile app
- 10 years 2 months ago
- Mobile Banking
Abu Dhabi Securities Exchange (ADX) announced at GITEX 2014 the launch of its first smart mobile app. The Mobile Application provides investors with enhanced services and the opportunity to experience the latest technologies ADX offers with real-time quotes, news & announcements and tools that keep investors up-to-date with market activities.
Major global banks to sign ISDA Resolution Stay Protocol
- 10 years 2 months ago
- Wholesale Banking
The International Swaps and Derivatives Association, Inc. (ISDA) has announced that 18 major global banks (G-18) have agreed to sign a new ISDA Resolution Stay Protocol, which has been developed in coordination with the Financial Stability Board to support cross-border resolution and reduce systemic risk. This represents a major step in strengthening systemic stability and reducing the risk that banks are considered ‘too big to fail’.
BNZ has opened first New Zealand's online banking
- 10 years 2 months ago
- Mobile Banking
In a first for New Zealand’s finance sector, BNZ has launched a community and social hub – BNZ Community – where New Zealanders can give, and get, guidance on all things banking and money-related. Coinciding with the start of Money Week, BNZ’s director, retail and marketing Craig Herbison says that BNZ Community will help make it easier for New Zealanders to talk about money and banking.
Three well-known service providers signed for Duco Cube
- 10 years 2 months ago
- Wholesale Banking
Duco has announced that three further customers signed for Duco Cube in September. All three firms are well-known service providers with extensive global clients in the cash equity, derivative and fixed income markets. The providers went live within 24 hours of signing, using Duco Cube’s rapid “on-demand” go-live and their operations users are now putting in place controls around trade, position and static data. Additionally, the...
