With Open Banking phase two fast approaching in January 2018, Giles Hutson, CEO of Insignis Cash Solutions, explains how the new competitive banking environment can boost saver’s returns on cash: 

Murex, an industry leader in trading, risk management and processing solutions for capital markets, announces it has certified its MX.3 technology platform to run on Microsoft Azure.

Since early 2016, Murex has collaborated with Microsoft to bring to market solutions enabling clients’ digital transformation. This collaboration has now come to fruition with the availability of support for the Murex MX.3 platform on Azure, as well as the planned integration of Microsoft SQL Server 2016 as a relational database for MX.3.

EastNets, an innovator in financial crime and compliance risk solutions, has released important upgrades in the fourth release of its state-of-the-art watchlist screening solution en.SafeWatch Filtering.

Barings, one of the world's leading asset management firms, announced today that it served as a Joint Lead Arranger on a Senior Secured Credit Facility to support New Mountain Capital's acquisition of DRB Systems LLC. Founded in 1984 and based in Akron, Ohio, DRB Systems is the leading provider of turnkey technology solutions used to enhance the operational efficiency of car wash sites across the U.S.

Stress testing has been a much-favored simulation technique used by banks to evaluate the risk of having insufficient capital during tough times. Large financial institutes have been using stress tests as a form of scenario analysis ever since the early 1990s. They have become increasingly popular, however, after the worldwide financial crisis that took place between 2007 and 2009, and has proven to be a fruitful endeavor when it comes to preventing undercapitalization in financial institutes. 

Stress Testing Methodology

HSBC, the world’s leading trade bank, has introduced a Matched electronic Purchase Order (Me-PO) financing solution to dramatically improve the release of working capital.

The Me-PO solution, developed by Bolero, will reduce the cost of invoice and purchase order processing between HSBC business customers and their suppliers, who will benefit from being able to make earlier requests for finance. Both parties will appreciate having a new level of visibility, being able to track and monitor their Purchase Orders and invoices in real time.

SWIFT has launched a Correspondent Banking Suite that provides a single solution for banks seeking cost-effective access to SWIFT while increasing the efficiency and security of their correspondent banking activities.  

Small to medium sized banks face a combined pressure of minimising operational costs while keeping their SWIFT infrastructure up-to-date in terms of technology and security. Additionally, evolving regulatory requirements and cyber security challenges make it crucial for banks to have an in-depth knowledge of their correspondents.

Kofax®, a leading provider o