In this role, Aadland will lead the System's activities to address fraud risk and advance the safety, security and resiliency of the payment system. His responsibilities will include chairing the Secure Payments Task Force, comprised of more than 170 payments stakeholders.
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Chain, Inc., the leading provider of blockchain technology solutions to financial institutions, announced today that it has raised $30 million in equity funding from a syndicate of financial and payments industry leaders including Visa, Nasdaq, Citi Ventures, Capital One, Fiserv and Orange. Chain's newest partners will also join the company in forming a Blockchain Working Group to explore the application of the technology in various markets and take a collaborative approach to interoperability.
Amid a sea of change, the importance of customer satisfaction to financial institutions remains a constant. The task has never been easy, but the convergence of technological change, cost-cutting, regulatory upheaval and shifting customer expectations have made it more challenging than ever before. It’s never been more clear that financial institutions will not be insulated from the impacts of 21st century consumerism.
National Settlement Depository (NSD), Russia’s central securities depository, announces its implementation of the back-to-back settlements technology for off-exchange DVP transactions with securities denominated in Russian rubles, USD, Euro and CNY.
Back-to-back settlements allow for mitigation of settlement failure risk by means of netting the parties’ liabilities within a general pool of instructions to settle the instructions that could not be settled individually due to the lack of assets required for execution of such instructions at the beginning of a clearing session.
Ormuco, today announces it has chosen MigSolv as its UK data centre partner. The partnership will allow Ormuco to deliver high quality, service based colocation services to the large enterprises.
Ormuco, an HP Helion Network charter member, offers a cloud services platform for service providers, ISVs and businesses around the globe. With nodes in Canada, U.S., EMEA and soon, LATAM and Japan, it is rapidly building a global network of cloud services to service both local data requirements as well as global, multinational companies.
Orc, the global market leader in electronic trading technology for listed derivatives, today announced two strategic recruitments: Christer Wennerberg, who joins Orc from the SEB Group and Magnus Hedin, most recently with Nasdaq. They are entering Orc’s newly established market structure team with the key mission to adapt Orc’s platforms to upcoming regulatory changes, and to launch a broader product and services offering for supporting clients affected by new European market regulations, including MiFID II/MiFIR. The new team will be headed by Christer Wennerberg.
ICC today announced it has joined the Nimble Partner Network as a managed services partner. Nimble Storage is a provider of flash storage solutions that enable enterprises to meet performance and capacity requirements for any workload in virtualized datacenters and cloud environments.
Xignite, the leading provider of market data cloud solutions for financ
Ullink, a leading global provider of electronic trading and connectivity services to the financial community, today announced a new partnership with LiquidMetrix, experts in financial data research and execution quality analysis. The partnership enables Ullink to provide its global community of market participants trading over Ullink’s NYFIX network with cutting edge post-trade analytics powered by LiquidMetrix analytics.