Fidessa group plc (LSE: FDSA) recently held a buy-side industry conference which brought together key executives from global asset management firms, including BlackRock, Goldman Sachs Asset Management, State Street Global Advisors, AQR and Fiera Capital, to discuss key industry trends. Entitled "Moving forward together", the event also allowed attendees to get hands-on experience of Fidessa's latest award-winning technology and services for the asset management community.
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Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership, and industry solutions, today announced that it has partnered with MetricStream, the market leader in Governance, Risk and Compliance (GRC) Management Apps, to deliver GRC Solutions across multiple verticals such as Financial Services, Insurance, Healthcare, Telecom, Media, Retail, Manufacturing and Energy.
Adyen, the global payments technology company, today announced the launch of its payments solution in Australia.
With Adyen, retailers can accept payments in store, on mobile, and online with one partner, one contract, one technical interface, and unified reporting. Instead of working with a number of suppliers and third party connections, Adyen simplifies payments for merchants and enables them to offer a seamless cross channel experience to their customers.
Recognizing that financial markets participants require greater flexibility in working practices, Thomson Reuters today announced that its Eikon Messenger service would be made available across all major mobile device types, providing its growing community of users with greater agility to connect and transact business with counterparties over an open messaging system.
Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, has appointed Robert Miskin as Managing Director for the Europe, Middle East and Africa (EMEA) business.
Sopra Steria, a European leader in business change and digital transformation, has announced the successful delivery of a major IT separation and migration programme for the Co-operative Group, one of the world’s largest consumer co-operatives, and the Royal London, the largest mutual life, pensions and investment company in the UK.
Earthport, (AIM listed: EPO), the largest open network for global bank payments is pleased to announce that it has signed an agreement with Continental Money Transfer (CMT) a 24×7 provider of payments across borders, with secure online money transfer solutions. CMT has enhanced its international payments service through partnership with Earthport and will access a one-stop-shop for disbursing payments to multiple beneficiaries in any currency.
Last week (on Nov. 11), the Financial Standards Accounting Board (FASB) voted to finalize the effective date of its proposed regulations on measuring loan-loss reserves. The sweeping regulations will require a forward-looking “expected loss” (CECL) approach instead of the “incurred loss” approach effective today. The board tentatively decided the effective dates as:
JWG, trusted by the global financial services industry as experts in regulatory change management, gathered with leading figures to celebrate with Royal Bank of Scotland (RBS) after they won a prestigious ‘best use of IT for the purposes of risk/ regulatory management’ award.
RBS was recognised for its project to create a standard set of interpretations to inform business requirements documents (BRDs) for over 50 regulatory reporting regimes across the globe. Hundreds of systems and databases were part of the scope of the analysis, involving scores of business stakeholders.