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Citi Acquires American Express' Costco Co-brand Card Portfolio

Citi today announced it has signed a definitive agreement with American Express to acquire Costco’s U.S. co-brand credit card portfolio.

The transaction is expected to close in mid-2016 at which time Citi will begin issuing Costco credit cards. Financial terms are not being disclosed.

Tuesday, March 1, 2016 - 06:54
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Gresham Among Top 50 in RiskTech100

 Gresham Computing plc, a leading provider of real-time financial transaction control and enterprise data integrity solutions, has been recognised as one of the top risk technology providers globally in the 2016 Chartis RiskTech100 report. Now in its 10th year, the RiskTech100® is acknowledged as the most comprehensive study of the world’s most significant risk and compliance technology companies.

Monday, February 29, 2016 - 13:03
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iGTB Analyzes SME Online Banking Needs

iGTB, the world’s first comprehensive global transaction banking solution from Intellect Design Arena Limited, today announced the results of its landmark survey into the online banking needs, problems and preferences of UK SMEs. With SMEs traditionally under-served by banking providers – whose solutions are often targeted at larger corporate clients – the survey sought to clear the mist around SME banking requirements and the financial viability of banks offering better service to this neglected sector.

Monday, February 29, 2016 - 12:29
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Advisory Board of The Talent Show Adds New Members

The Advisory Board supports the Corporate Financial Supply Chain Innovations Event in Greater Copenhagen April 26-27, 2016.

Monday, February 29, 2016 - 11:23
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OpenLink Named the Leading Vendor for Energy Trading Risk

OpenLink, the global leader in trading and risk management solutions to the energy, commodities, corporate and financial services industries, has been named the leading vendor for energy trading risk in the 2016 Chartis RiskTech100® report.

Monday, February 29, 2016 - 11:00
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Techcombank Goes Live with Misys FusionCapital

Misys, the leading financial software company, announced today that Techcombank in Vietnam has gone live with Misys FusionCapital to transform its growing Markets and Treasury functions and increase its risk management capabilities. By following Misys best practice implementation processes the bank went live within 10 months.

Monday, February 29, 2016 - 10:00
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Close Brothers Announces New Strategic Hires

Close Brothers today announced that it has appointed three industry heavy hitters to its Technology Services Division to enhance the division’s offering and drive business growth for the company. Reporting into Ian McVicar, managing director, are Sean Callanan, director of technology & services; Nick Moody, director of business development, and David Forbes, director of sales.

Monday, February 29, 2016 - 09:43
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GFT Appoints Reena Patel as a Principal Consultant

GFT, the leading provider of advisory, business consulting, IT and software services to the financial services community, today announces that it has appointed Reena Patel as a Principal Consultant within its growing Data practice.

Reena joins GFT UK from UBS where she worked extensively within Financial Delivery. In the past two years she has predominately focused on strategic financial, treasury and client performance management solutions.  

Monday, February 29, 2016 - 09:31
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SWIFT Standards 2016 Update Supported by Volante Technologies

Volante Technologies Inc., a global leader in the provision of software for the integration, processing and orchestration of financial messages, today announced support for the latest SWIFT Standards 2016 update.

On 26 February 2016, SWIFT released its latest standards release which includes a number of significant changes to SWIFT messages used within the securities market. These changes will impact the entire trade lifecycle, from the trade orders through to confirmations and settlement.

Monday, February 29, 2016 - 09:20
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Wolters Kluwer Released Data Driven Solutions

Wolters Kluwer ELM Solutions, the global market leader in transformational, technology-based solutions for the legal industry, has launched two new solutions that provide data and insights for corporate legal departments (CLDs), including those in the financial sector, and law firms. Both solutions help CLDs and law firms better manage and benchmark their fees and billing practices.

Monday, February 29, 2016 - 06:19
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