Post the Financial Crisis, most financial institutions have been struggling to cope with mercurial changes in regulations. With unsurmountable demands of regulators, auditors and examiners, resource constraints have increased and the primary business focus, i.e. lending, has taken a back seat. Many Community Banks and Credit Unions have been forced to change their business strategy or move out of business due to lack of innovative decision-making capabilities.

Rapid change is the norm in Regulatory compliance world-wide. Form, content, format and calculation are constantly being changed by the Regulatory bodies to drive a stable financial ecosystem. Fintellix Regulatory Reporting helps a Financial Institution comprehensively manage reporting to the Central Bank and/or other regulatory bodies via automated data submission of mandated reports. Fintellix enables a ‘straight-through’ processing of information for quality and timeliness of data and with zero manual intervention for data accuracy and integrity.

SimCorp, a leading provider of investment management solutions and services for the global financial services industry has released a new version of SimCorp Coric, its award-winning client communications and reporting solution. This is the second of two upgrades released in 2015.

In a superannuation landscape where downward pressure on fees is a constant challenge, an increasing number of funds are seeking to gain a competitive edge by bringing parts of their investment management in-house.

TXF Magazine and Insurance Times announced the following: 

 AIG and PrimeRevenue boost mid-market SCF

http://www.txfnews.com/Ticker/Redirect/c46874b7-c289-48aa-a388-c49754776167

Not surprising to see that it now looks odds-on that we’ll get a full one year delay on the implementation of MiFID 2. This will embarrass the politicians who don’t want to be seen as going soft on those “wreckless” bankers, but I assume Jo Public will have forgotten all about this by the time they’re up for re-election in 2019.

Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces the results of its eighth annual customer survey. This year’s report, entitled “Shifting Sands: Banking in the Digital Era”, highlights significant change in the industry’s priorities as the regulatory burden has eased and the pace of digitisation has increased.

 Money transfer app WorldRemit today launches remittances to Vietnam. Customers can now send money from the WorldRemit app direct to any bank account in Vietnam.  

Backed by early investors in Facebook, Spotify and Dropbox, WorldRemit enables people to send money to friends and family overseas using its award-winning iOS and Android mobile apps. Customers already send over 300,000 transactions with WorldRemit every month.

Saxo Bank, the multi-asset trading and investment specialist, today presents its new white label partnership with JSC Galt & Taggart, a wholly owned investment banking subsidiary of Bank of Georgia Holdings PLC listed on the main market of the London Stock Exchange.

Saxo Bank’s white label trading technology solution will enable Galt & Taggart’s clients to access global capital markets and invest on a multi asset basis providing them with an adaptive and intuitive trading experience unique for a Georgian financial institution.