As an operator of financial market infrastructure, SIX supports the intention of the Federal Council to regulate financial market infrastructure and derivatives trading through a law. SIX recognizes that the legislation proposed at the beginning of September is pragmatic and feasible, and that it is largely based on international standards.

MasterCard and Visa has recently released the technical specifications for tokenization. Tokenization is the next generation security for mobile cloud based payments and other secure mobile services.

The market size and app richness in the new payments area begs the question, where is this all going? And what should the perfect payment solution of the future look like? In this final part of the blog series I look at issues that should be addressed to fast-forward the way we conduct payments.

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.

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.

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 and FRS 102 compliance will be a legal requirement.

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.

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 triResolve has grown 350% since 2012.

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).

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.