GBST Holdings Limited (ASX: GBT, GBST), a global provider of securities transaction and wealth management platforms for the financial services industry, today announce a powerful alliance with Xchanging plc (LN: XCH, Xchanging), a business technology and services provider. Together both organisations will align the world-class GBST software suite, with the deep Xchanging BPO scalable processing capability, building an innovative business platform for the world’s leading wealth management and capital market players.
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New figures reveal that mid-sized and large businesses could be in line for fines totalling £20bn if they fail to protect their customers from data breaches.
Companies that suffer a breach could face serious financial consequences once new data protection regulations are fully introduced across EU member states.
Although many business owners arrange insurances to cover items such as buildings and contents, machinery, vehicles, stock and cars, many don’t consider insuring what is usually their greatest asset - the proprietors and staff.
In addition to this, 57% of businesses state that they have outstanding corporate debt, but many still have no cover in place to repay it upon loss of a key person.
Andrew Kilby, Managing Director of Armstrong Watson Financial Planning comments:
SWIFT, in collaboration with The Association of Islamic Banking Institutions Malaysia (AIBIM) announce the launch of a new rulebook for the purpose of promoting message standards in the Islamic banking and finance market.
LendInvest has confirmed that it has received the first European rating from a regulated credit rating agency for a peer-to-peer platform.
Retail banking is under pressure from every angle. Technological advances, and the evolving attitudes they shape, have lowered the barriers to entry for new challengers and rendered ‘legacy systems’ a competitive disadvantage for the established players. Technology giants cast a growing shadow, and the march of the regulators is gaining pace – with the Competition and Markets Authority conducting an investigation into current accounts and SME retail banking provision.
Thomson Reuters Dealing has one of the largest communities of financial professionals. Its powerful functionality enables you to contact your counterparties quickly and efficiently, across a highly secure and reliable network. Thomson Reuters Dealing is the industry standard, used by trading professionals for price discovery, trade execution and straight-through processing.
The global messaging solutions such as the PROactive™ AutoConfs and ConCord services offer industry leading solutions for your B2B message processing. Broadrige's messaging capabilities include the capture of messages regardless of source, through secure routing, delivery, matching and reconciliation.
smartTrade Technologies, a global leader in multi asset, end-to-end trading solutions for Tier1, Tier2, regional Banks, Brokers and Asset Managers, has been selected by Gaitame.com, a leading Japanese online foreign exchange (FX) trading company, to deliver a fully automated and hosted low latency FX connectivity platform
Orc, the global market leader in electronic trading technology for listed derivatives, today announced a co-operation with Galaxy Futures Co. to provide high performance connectivity to Orc clients for the Chinese markets. Clients of both Orc and Galaxy Futures Co. can now take advantage of the joint offering to trade ETF options on the Shanghai Stock Exchange (SSE) via Galaxy Futures Co.’s membership.