Norwegian software vendor Commercial Banking Applications (CBA), today confirmed that it has successfully completed testing of instant payments with EBA Clearing – with the result that its IBAS SIP - SEPA Instant Payment Solution can now support the processing of real-time payments for banks connecting to the EBA Clearing Instant Payment System.

IBAS SIP is a fully integrated component within CBA’s IBAS GPF - Global Payments Factory – a real-time payment engine, built using the latest object-oriented technology.

Minium Financial Technology (“Minium”), a Cinnober Group company, offers real-time risk management and post-trade processing service for clearers and prime brokers, delivered as a Software as a Service (“SaaS”) product to allow clients to harness the power of the Cloud.

Partnership with Exactpro provides independent functional and non-functional testing, offering Minium’s clients the highest level of transparency and confidence in the quality of the Minium system.

At EBAday in Munich today, Finastra announced the commercial availability of its European instant payments solution on Microsoft Azure, Microsoft’s enterprise-ready, trusted cloud platform. The solution enables financial institutions and third-party providers to process SEPA SCT Inst payments in the cloud, viaEBA CLEARING’s pan-European instant payments service, RT1.

The vast majority of global banks are planning to integrate their regulatory workflow data. But keeping up to date with the fast pace of regulatory change, as well as staying compliant with changing regulations and adhering to respective regulatory deadlines, is hindering that move.

Helvetia Insurance has replaced Google Search Appliance (GSA) with Squirro Cognitive Search, as it seeks to deliver better search results to its five million customers across Europe.

Helvetia is one of Europe’s largest insurance firms, providing an array of retail, corporate and re-insurance products to consumers and businesses all over the continent, and it receives around 150,000 searches every month across its seven web portals.

Pelican, a global provider of payments and financial crime compliance solutions to banks and corporates, has announced the live ‘beta’ launch of its pan-European API Hub for banks. This builds upon the recent formation of subsidiary company PelicanPay, an API interoperability platform specially tailored for fintechs and Third-Party Providers (TPPs).

The new patent protects Vaisala's innovative and in-house invented dual gas sensor structure and the method for measuring vaporized hydrogen peroxide. The United States Patent and Trademark Office granted the applied patent for Vaisala in March 2018. Vaisala has also patents pending in both China and Europe for the same invention.

On Friday 1^st June, an undisclosed ‘hardware issue’ at Visa left millions of people unable to pay for goods and services in the UK and across Europe. A cross-party group of MPs has since spoken out and demanded answers from Visa, but it begs the questions as to whether now might be a good time for the Government and regulators to do a bit of soul searching too. Surely they must also take some portion of the blame for letting this situation come to pass.

Fujitsu Laboratories of Europe has developed an innovative artificial intelligence-based technology that overcomes traditional data reconciliation challenges, applying cutting edge Dynamic Data Loading (DDL) to automate complex knowledge processing. Fujitsu’s technology significantly simplifies the data integration and reconciliation process, dynamically loading data during the runtime process using AI and microservice-based crawlers to create a fully scalable and intelligent platform.  

Global poll of 418 fund managers representing over $30trn in AUM reveals research unbundling is expanding to the US and Asia, is mostly seen as positive for end investors, although bad for brokers, while smaller companies are expected to be more negatively affected.

RSRCHXchange, the marketplace and aggregator for institutional research, today released headlines from the results of their latest survey on research unbundling which came into effect on January 3rd 2018 across Europe as part of MiFID II.