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The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its Exception Manager platform has passed an important milestone, managing more than 2 million records related to 849,556 transactions/trades/exceptions and representing over $100 billion in market activity.
Kantox, a leader in FX management and payment solutions for businesses, announced today that it is providing Citi’s Commercial Bank with a seamless user experience for its foreign exchange (FX) clients in the United States through a customised solution that connects directly to Citi’s foreign currency payments platform.
The software – part of Citi’s Dynamic Management Foreign Exchange (“DMFX”) initiative – also provides treasury automation for local and cross-border payments in multiple currencies for corporate and commercial bank clients.
Temenos (SIX: TEMN), the banking software company, has been recognized as one of the best places to work in India out of 900 participating organizations by Great Place to Work®. Certification comes as a result of independent analysis carried out by the global research and consulting firm and highlights Temenos’ dedication to creating an outstanding workplace culture.
Janice Diner , CEO & Founder and Steve Frook, VP Sales at Horizn are speaking about company’s Digital Ambassador Tools that help to support innovation, transformation and digital adoption with employees, customers and the community.
Wolters Kluwer’s Finance, Risk & Reporting (FRR) business is holding its annual Client Conference in Cascais, just outside Lisbon, this week. The event, which takes place between October 9th and 11th, brings together the firm’s valued clients globally to discuss finance, risk and regulatory reporting trends and challenges.
Innovation comes in many forms. It makes the world around us look better, work faster and be more useful for companies, consumers and communities. Biometric technology has been around now for some time, but recent technological developments are driving significant adoption across new use cases, especially in banking & payments.
This year, we were lucky enough to have Sibos hosted in London. But, with all of the biggest names in banking and finance under one roof last week jostling for ‘air time’, what were the cut through messages and ideas that really hit home? Here are my five main takeaways I think are really set to make an impact on the future of finance.
Rationalisation and consolidation of functions
The first biometric fingerprint credit card issued by a UK bank begins its three-month national trial today. NatWest is piloting cutting-edge, biometric fingerprint technology with 150 customers, in partnership with Mastercard and Gemalto, a Thales Company.
The bank has previously piloted biometric debit cards, but this will be the first-time credit cards have been issued. The biometric credit cards will offer contactless payments using fingerprint verification for transactions up to £100, an increase on the current £30 limit.
Digital consultancy, 4C, has released new research today revealing financial services companies are losing millions of pounds due to manual processing of agreements. The average loss is over £10 million a year, while three in ten (31%) finance companies lose £1 million or more a year.
