Platform9, the company making private clouds easy, today announced that it has been named one of 15 cool cloud companies by CRN: http://www.crn.com/slide-shows/cloud/300078842/15-cool-cloud-companies-and-their-even-cooler-products.htm.

On Nov 11th, FASB decided the effective dates of adoption for the CECL guidelines. For staggering the dates of adoption for financial institutions (FI) of various sizes, FASB took a different approach from asset size range and used the definition of Public Business Entities (PBE).
• Dec. 15, 2018, including interim periods – For PBEs which are SEC Filers
• Dec. 15, 2019, including interim periods – For PBEs which are non-SEC Filers
• Dec. 15, 2020, including interim periods – For all other entities

 Increasing efficiency and functionality, and expanding its services to better meet the needs of its community customers, Los Alamos National Bank has selected FIS™ (NYSE: FIS), a global leader in banking and payments technology, as its new core banking provider.

One of the key challenges facing NSIA Bank, previously BIAO-CI, has been deciding the best way to achieve full modernisation of its information systems, in order to improve service performance, security and meet its innovation objectives.

Following an intensive selection process, NSIA Bank has decided to partner with Sopra Banking Software, joining a roster of more than 600 banks across 70 countries who use Sopra Banking Software’s back office banking architecture.

Banks continue to face challenges when driving customer sales and acquisition via digital channels – according to new global retail banking study published today by Misys and Efma. Read the full report and infographic here.

National Settlement Depository (NSD), Russia’s central securities depository, reports that it has begun to develop an electronic votingplatform for shareholder meetings: e-voting. NSD plans to launch the new service in H1 2017, when the majority of annual general shareholder meetings are held in Russia.

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that National Bonds, the leading sharia’a-compliant savings and investments company in the United Arab Emirates, has selected AML Risk Manager for the effective detection, investigation and resolution of financial crimes and to ensure regulatory compliance.

Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, today announced the full implementation of ISO 15022 messages for its Worldwide Fixed Income offering.

The EDI service provides a comprehensive overview of the global fixed income market. It covers new corporate, government bond and government agency issues from 150 countries, as well as changes to their terms and conditions.

Calastone, the global funds transaction network, today announces that Investec Wealth & Investment, one of the UK’s largest private client wealth management firms, has gone live with Calastone’s recently launched Transfer Service.  

SmartStream, the financial Transaction Lifecycle Management (TLM^®) specialist, today announce over 20 major financial institutions are using their Centre of Excellence (CoE)utilities. The CoE has two distinct services: a Managed Service Utility and a Central On-Boarding Utility (COU) – each aid in the processing of reconciliations, making it faster, more cost-effective and for many firms, lowering the cost of implementation by as much as 65 percent.