National Settlement Depository (NSD), Russia’s central securities depository, and Neoflex, a leading provider of software and professional services in the sphere of information technologies in the financial markets, have completed a next stage of a large scale project aimed at expansion of opportunities for the NSD information services users to receive, store and process corporate data based on the GoldenSource 360° EDM platform.

TXF is a financial management product designed for CFOs, VPs of finance, and controllers. It structures the data collection process, takes away manual processing, and encompasses budgeting, planning, and financial consolidation. In most cases, month-close processes can be shortened with TXF from weeks to days; sometimes even to less than one day.  Users can take advantage of these capabilities without the need for IT or tech support for implementation, support, or maintenance.

OptionMetrics, a leading provider of quality historical option price data, tools and analytics, is today announcing that VIX® and VSTOXX® indices, already included in its IvyDB US and IvyDB Europe products, have now also been added to its IvyDB Global Indices database.

ITRS Group marked the opening of its new R&D facility in Malaga's Andalusian Technology Park (PTA) yesterday. The event was attended by representatives of the PTA, Malaga University – both of which ITRS will look to collaborate with in future – and the Mayor of Malaga. The new centre is a key milestone in ITRS' strategy to grow the business, becoming the third R&D space for the company alongside centres in Manila and London.

AGRICA, the French social welfare group for agricultural sector workers, has selected OTCFin, a financial technology firm that specializes in Portfolio and Risk data management, to assist them with their Solvency 2 implementation as well as help AGRICA EPARGNE, their asset management arm, streamline their investment process.

TimeXtender, the world’s largest provider of data warehouse automation (DWA) software for the Microsoft® SQL Server®, today announced the availability of its new TX Financials (TXF) product.

You'd be hard pressed to find a product launch that generated as much buzz and excitement in the financial services industry as the announcement of Apple Pay™ last September. Heralded at the time by Apple^® CEO Tim Cook as the service that would replace the "fairly antiquated payment process" and "forever change the way all of us buy things," Apple set out to revolutionize the payments experience. 

The European Commission (EC) and ESMA have agreed on an improved process to draft the Level 2 texts for MiFID II. On the back of those discussions, ESMA asked for a 3-month extension on their own deadline to submit draft technical standards and the EC granted it. While the next Level 2 drafts will now not be published until September 2015, the benefit is that further changes are less likely.

This morning I read with interest a colleague’s blog post on the delay to the publication of the ESMA technical standards from July back to September. Whilst I appreciate that these things are complicated, it seems hard to understand how this won’t delay the implementation date without potentially increasing the very risks the regulations are trying to prevent. Building software and systems properly isn’t just a question of resource; it’s just as much about process.

Capco, the global business and technology consultancy dedicated solely to the financial services industry, today announced its expansion into Singapore with the launch of a new office to meet growing regional demand. The Singapore operation will be led by recently appointed Capco Partners Bao-Viet Lê and Charles Bokman. Mr. Bokman takes responsibility for wealth management consulting, while Mr. Lê will lead the banking practice in Singapore.