The draft technical standards for MiFID II require exchanges to publish quarterly execution quality reports (RTS 6). Sell-side firms are expected to digest these and update their best execution policies accordingly. Additionally, sell-sides must publish their own execution quality reports annually (RTS 7), which obviously should be digested by the buy-side.
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Intego, the leading provider of security solutions for the Mac, today announced the availability of Flextivity 1.5, offering small and medium sized businesses (SMBs) new features that make managing security and productivity for multiple devices more efficient. According to the National Small Business Association, 40 percent of small business owners manage their own tech support and 39 percent handle their own online security(1) without any outside help.
Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) took action against Citizens Bank for failing to credit consumers the full amounts of their deposited funds. The bank kept money from deposit discrepancies when receipts did not match actual money transferred. Today’s CFPB consent order requires the bank to provide approximately $11 million in refunds to consumers and pay a $7.5 million penalty for the violations.
Objectway (www.objectway.com), a leading provider of software and services to the EMEA investment management industry, today announced that it has signed a definitive agreement to acquire BETA Global, a European wealth and investment transaction processing system, from Thomson Reuters, the world's leading source of intelligent information for businesses and professionals. The acquisition is expected to close immediately. Terms of the transaction were not disclosed.
inContact (NASDAQ: SAAS), the leading provider of cloud contact center software and contact center agent optimization tools, today announces a major county government is replacing their premise-based contact center system with the inContact cloud solution.
AxiomSL, a global provider of regulatory reporting and risk management solutions, announced today that an American global systemically important bank (G-SIB) has decided to extend its deployment of the AxiomSL platform to support regulatory reporting in Germany, France and the United Kingdom (UK). The regulations covered will include the Capital Requirements Directive IV (CRD IV) and local statistical reporting requirements.
Geoswift, Western Union Business Solutions, a subsidiary of The Western Union Company, and UnionPay International today announced a promotion where UnionPay will pay for medical insurance coverage for eligible students that process tuition payments through their payment network.
Bromium®, Inc., the pioneer of threat isolation to prevent data breaches, today announced the publication of “Black Hat 2015: State of Security,” a survey of more than 100 information security professionals conducted at the Black Hat Conference 2015.
FIS has signed a definitive agreement to acquire Sungard for $9.1 billion in a cash and stock deal, creating a fintech powerhouse covering the full spectrum of banking and capital markets services.
At the time, SunGard's owners had hung a $10 billion price tag on the company, but reports last month suggested the tech conglomerate had entered exclusive talks with Fidelity over a prospective deal.
Axiom, a leading provider of technology-enabled legal services, today announced that Mathew Keshav Lewis has joined the firm as the Co-Head of its Global Banking Practice.