Capitolis, the pioneering technology provider for the capital markets, announced today that Citi and HSBC are the first FX prime brokers to be live on Capitolis Novation, its ground-breaking novation service in foreign exchange. The two leading banks were live in December 2018 and contributed to bringing the service to the market alongside Capitolis. The service has streamlined the novation process, helping to meaningfully reduce the time it takes for FX options novations to complete, for the benefit of the sell and buy side.

Cognizant today announced the official opening of its Cognizant Accelerator global technology center and innovation hub in Bou

Setting a new tempo for brand expression, Mastercard debuts its sonic brand identity, a comprehensive sound architecture that signifies the latest advancement for the brand. Wherever consumers engage with Mastercard across the globe – be it physical, digital or voice environments – the distinct and memorable Mastercard melody will provide simple, seamless familiarity.

Quant Insight, a London-based firm specialising in machine learning-driven macro analytics, in partnership with Euronext, the leading pan-European exchange in the Eurozone, have developed a new alternative data service, Macro Risk Insight, in order to provide asset managers with valuable insight into the risk exposure of their investments to globalmacro factors. 

Bank of America today introduced Business Advantage 360, a new digital dashboard designed to make it easier for entrepreneurs to manage the various financial aspects of their business. 

Smith & Williamson, the UK-based financial and professional services firm, has further enhanced its relationship with international fintech leader Avaloq by adopting its comprehensive Software as a Service (SaaS) solution. 

SEI today announced a strategic partnership with Inovéa, a France-based, independent network of advisers and consultants specializing in insurance, real estate and finance products. Through this relationship, SEI launched and is managing six new European Strategic Portfolios (Euro SPs), each designed with a goals-based investment strategy.

The Municipality of Bari has started up in collaboration with SIA – the leading European hi-tech company in the payment services and infrastructures sector - a project based on blockchain technology that aims to digitize the process of managing surety policies.

As expected, the Bank of England kept interest rates the same today.  Given that inflation hasn’t been a cause for concern lately, and Brexit uncertainty looks likely to last well beyond the 29 March deadline, it’s hardly surprising the BOE didn’t deviate from 0.75%. The BOE’s cautious approach also reflects the fact that growth forecasts are coming down – in the UK and the rest of the world. According to the BOE, the UK economy is on course for its worst year in almost a decade, testament to the uncertainty plaguing global markets.

Validis, a pioneer of financial data sharing and standardization technology,has extended its product line to include DataShare Reconciliation, a unique solution that automates the month-end reconciliation process for lenders offering Confidential Invoice Discounting (CID) to small and medium size businesses (SMBs).