Markit (Nasdaq: MRKT), a leading global diversified provider of financial information services, today announced the launch of its Request for Amendment (RFA) service, available through Counterparty Manager and kyc.com. Working with three of the largest asset management firms including AB (formerly AllianceBernstein), RFA centralises and automates legal onboarding when adding accounts to existing master trading and custody account agreements.
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Banks have reclaimed over forty million hours of valuable working capacity that would otherwise have been lost or not used effectively, new figures from the specialist operations performance management firm ActiveOps have revealed. In its ten years working with a growing number of banks around the world, this has resulted in cost savings of over £500m through improved operations productivity while allowing banks to improve customer experience.
Numerex Corp (NASDAQ:NMRX), a leading provider of interactive and on-demand machine-to-machine (M2M) products and technology enabling the Internet of Things (IoT), today announced that its Board of Directors has appointed Marc Zionts as its Chief Executive Officer, effective September 1, 2015. In addition to his new position, Mr. Zionts will join the Board of Directors of the Company. Mr. Zionts will succeed Stratton J. Nicolaides, who will remain CEO until September 1 and then assume the position of Executive Chairman.
Datalink (NASDAQ:DTLK), a leading provider of data center infrastructure and services, today announced the appointment of 20-year security consultant and practitioner Jason Rader to spearhead the company's new security practice as national practice director, security services.
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FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced that it has formed six new subgroups focused on MiFID II regulation for the industry to collaborate on the most critical issues in this time of regulatory change. In May 2015, the EMEA Regulatory Subcommittee met to discuss how the FIX Trading Community could best address specific areas of up-and-coming regulation.
The Canadian Payments Association has hired global consulting firm McKinsey to draw up plans to modernise the nation's core payments infrastructure.
"By mid-2016, our goal is to identify user needs and priorities, as well as likely go-forward requirements, and to understand the implications of change," says the body.
Finance is changing. Disruption to business models, expanding global operations, fiscal complexities, evolving regulation and new risks are all demanding more of financial leaders. Along with the rise of big data and the impact of social and digital media, new economic realities and new technologies have transformed the way CFOs work.
Take the case of Aggreko: Operating globally from over 190 service centres in more than 45 countries spread over five continents, the product and service solutions it provides range from small and straightforward to exceedingly large and complex.
Huddle, the leader in secure collaboration tools for enterprise and government, today announced that Berkeley Research Group (BRG) is using Huddle to facilitate collaboration practices, bringing together its network of experts and affiliate organizations from all over the world to offer more efficient services than ever before.
OneMarketData, LLC , the founders of OneTick, a single solution for event stream processing and tick data management, today announced that KOR Group, LLC, a SaaS (Softwa