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 Framework Association (IPFA).
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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.
FIME has announced an official partnership with Russian plastic cards software provider Pronit, to extend its migration and certification services to issuing and acquiring banks in the region. The official relationship will enable Pronit to combine FIME’s global portfolio of services across the contact and contactless EMV and mobile payments landscape, with its regional knowledge and local language.
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 firms are utilizing Duco Cube to clean up internal databases.
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.
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’.
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.
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.
To think of BCBS 239 as just another regulation is to misunderstand its end game. Solving the challenges it lays down requires a strategic approach. Risk data aggregation needs executive sponsorship for a start – after all executives will now be responsible for approving the risk data aggregation and risk reporting framework.
A strategic approach will require a holistic mapping out of the risk data universe and this will be no small challenge. Given the pressing deadline in January 2016 for BCBS 239, the focus needs to be on accessing data, not moving data.