SWIFT’s latest RMB Tracker reveals a mixed year for the Chinese currency’s growth in 2017 and identifies some of the critical factors for success in 2018. 

Despite the growing importance of China in the global economy and the various strategic measures put in place to support its currency, SWIFT’s report shows that RMB usage accounted for 1.61% of domestic and cross-border payments in December 2017.

Europe is getting serious about money laundering. AMLD 4 regulations are already here and AMLD 5 is on the way. These attempts to decrease the level of money laundering in Europe put demands on banks to not only have strict Know Your Customer (KYC) processes, but the scope and frequency of the checks will both increase.

Profile Software, an international financial solutions provider, announced today the selection of its Axia system by Twenty First Capital, an independent asset management company with operations in France, United Kingdom and Luxembourg, to automate their fund management and private portfolio management processes using a single platform.

SimCorp, a leading provider of investment management solutions and services to the global financial services industry, today announces that the Central Bank of Trinidad and Tobago has signed a partnership agreement with SimCorp North America. 

Nuance Communications, Inc. today announced that its voice biometrics solution has hit a milestone for adoption of its authentication and fraud-prevention platform that is unsurpassed in the industry with over 300 million consumers making more than five billion successful voice authentications yearly using Nuance biometrics technology.

Nomura Research Institute, Ltd. (NRI), a leading global provider of system solutions and consulting service, today announced an entirely revamped I-STAR, NRI’s securities back-office solution for wholesale brokerage firms, which has been rebranded as “I-STAR/CORE.” 

Overstock.com announces the launch of a digitally driven investment platform, powered by tZERO Advisors, within the online retailer’s FinanceHub.

Efforts to streamline and integrate systems to improve back-office efficiency need not involve major re-engineering but can instead be propelled by use of utility-based platforms.

Carpe Data, the leading provider of next-generation data products for the insurance industry, has officially launched its suite of next generation data solutions to the international market, initially in the United Kingdom.