With just three months until UK GAAP is dramatically altered, IRIS Software is warning accountants to act quickly or risk failing their clients.

UK GAAP is being brought into alignment with the International Financial Reporting Standards (IFRS) and has been designed as a global language for businesses to simplify and modernise financial reporting. This comes into effect for accounting periods commencing on or after 1 January 2015, when FRS 101 and FRS 102 compliance will be a legal requirement.

Orc, a global leader in derivatives trading technology, has announced Orc Smart Order Router (SOR), a flexible, high-performance routing engine designed to enhance quality of execution, reach the best liquidity and reduce costs. It also enables brokers and firms to consolidate their market access infrastructure to one global vendor.

Impending regulatory changes in Asia Pacific (APAC) have prompted leading financial institutions to proactively reconcile their portfolios and manage their collateral disputes, according to TriOptima, leading provider of OTC derivative post trade services.

TriOptima reports that 78 firms in APAC are proactively using its triResolve portfolio reconciliation service, in anticipation of regional regulatory changes. The number of firms using triResolve has grown 350% since 2012.

Earthport has signed an agreement with Caisse centrale Desjardins to provide international payment services, helping Desjardins’ customers make efficient low-value payments in an expanded number of markets globally. Caisse centrale Desjardins selected Earthport for the efficiency its solution brings to payment operations, its ability to drive increased FX revenue and its adherence to the standards and guidelines of the International Payments Framework Association (IPFA).

Worldline [Euronext:WLN],  European leader in the payments and transactional services industry, signed a reseller-partnership with United Brands. Together they offer powerful and pioneering payment terminals to the Middle East and African (MEA) market acquirers and telecoms companies.

FIME has announced an official partnership with Russian plastic cards software provider Pronit, to extend its migration and certification services to issuing and acquiring banks in the region. The official relationship will enable Pronit to combine FIME’s global portfolio of services across the contact and contactless EMV and mobile payments landscape, with its regional knowledge and local language. 

Duco has announced that three  further customers signed for Duco Cube in September. All three firms are well-known service providers with extensive global clients in the cash equity, derivative and fixed income markets.            

The providers went live within 24 hours of signing, using Duco Cube’s rapid “on-demand” go-live and their operations users are now putting in place controls around trade, position and static data. Additionally, the firms are utilizing Duco Cube to clean up internal databases.

In a first for New Zealand’s finance sector, BNZ has launched a community and social hub – BNZ Community – where New Zealanders can give, and get, guidance on all things banking and money-related.

Coinciding with the start of Money Week, BNZ’s director, retail and marketing Craig Herbison says that BNZ Community will help make it easier for New Zealanders to talk about money and banking.

The International Swaps and Derivatives Association, Inc. (ISDA) has announced that 18 major global banks (G-18) have agreed to sign a new ISDA Resolution Stay Protocol, which has been developed in coordination with the Financial Stability Board to support cross-border resolution and reduce systemic risk. This represents a major step in strengthening systemic stability and reducing the risk that banks are considered ‘too big to fail’.

Abu Dhabi Securities Exchange (ADX) announced at GITEX 2014 the launch of its first smart mobile app.  The Mobile Application provides investors with enhanced services and the opportunity to experience the latest technologies ADX offers with real-time quotes, news & announcements and tools that keep investors up-to-date with market activities.