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FICO : Millennials Need Help in Debt Management

FICO’s latest consumer finance trend research has revealed that 37 percent of Millennials aged 25-34 are concerned about their level of debt, while 33 percent of them are interested in getting assistance to help manage their debts.

After residential mortgages, the biggest debt burden for this age group is student loans, with 32 percent of Millennials saying they owe $20,000 or more. A close second is auto loans, with 45 percent of Millennials reporting they owe $7,000 or more.

Friday, July 22, 2016 - 08:56
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Yahoo Messenger and Global Trade
Energy traders use instant-messaging services to place orders and chat about market-moving news. Much of this communication is done via Yahoo Messenger. The functionality of the current Yahoo Messenger meets the regulatory requirements associated with oil trading. Instead of expanding messenger with other platform related services in support of trading, Yahoo will soon be replacing the current version of messenger with a new version which allows parties to undo a trade-related message which is contrary to regulatory requirements. 
 
Friday, July 22, 2016 - 08:48
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Fiserv Adds New Innovation Tool to its Wealth Management Network

 Fiserv, Inc.  a leading global provider of financial services technology solutions, today announced the availability of a new tool, Grapevine6, to enable the delivery of relevant articles and digital content through the Wealth Management Network from Fiserv. This will allow financial advisors to grow their networks and build rapport with their clients by becoming a source of information that can better help them meet their financial goals.

Friday, July 22, 2016 - 08:25
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kktse@tradelink.com.hk
Friday, July 22, 2016 - 03:27
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sindel@olmst.com
Thursday, July 21, 2016 - 21:41
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FactSet Achieves Two More Top Global Financial Service Industry Awards

FactSet, a leading provider of integrated financial information and analytical applications, has been named the “Best Data Analytics Provider” of market data, research and analytics in the 2016 annual rankings announced by Waters Technology, a division of Incisive Media. FactSet was also honored with the “Best Research and Analytics Tool” award at the annual Systems in the City Awards presented in London by Goodacre UK, a leading securities industry consultancy.

Thursday, July 21, 2016 - 18:14
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Financial IT
vhon.mab@gmail.com
Thursday, July 21, 2016 - 15:12
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Global Banking's Last Stand
The announcement that Wells Fargo is collaborating with Amazon to provide student loans is an important strategic move by Warren Buffett's favorite bank. 
Thursday, July 21, 2016 - 14:12
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Artemis Selects Sybenetix's Behavioural Analytics Software for Compliance

Leading UK-based fund manager Artemis has agreed a multi-year deal for Sybenetix’s end-to-end market abuse surveillance, case management and conduct management system. The system is designed specifically for the buy-side to deliver greater competitiveness and transparency in meeting new regulatory requirements.

Thursday, July 21, 2016 - 14:02
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MasterCard Announces Acquisition of VocaLink

MasterCard Incorporated (NYSE: MA) today announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Limited for about £700 million (approximately US$920 million), after adjusting for cash and certain other estimated liabilities. VocaLink’s existing shareholders have the potential for an earn-out of up to an additional £169 million (approximately US$220 million), if performance targets are met. This transaction is subject to regulatory approval and other customary closing conditions.

Thursday, July 21, 2016 - 13:12
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Financial IT

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