Money transfer app WorldRemit today launches remittances to Vietnam. Customers can now send money from the WorldRemit app direct to any bank account in Vietnam.  

Backed by early investors in Facebook, Spotify and Dropbox, WorldRemit enables people to send money to friends and family overseas using its award-winning iOS and Android mobile apps. Customers already send over 300,000 transactions with WorldRemit every month.

Saxo Bank, the multi-asset trading and investment specialist, today presents its new white label partnership with JSC Galt & Taggart, a wholly owned investment banking subsidiary of Bank of Georgia Holdings PLC listed on the main market of the London Stock Exchange.

Saxo Bank’s white label trading technology solution will enable Galt & Taggart’s clients to access global capital markets and invest on a multi asset basis providing them with an adaptive and intuitive trading experience unique for a Georgian financial institution.

 Equiniti Pancredit has today announced the launch of Broker Client, an automated secured loan sourcing solution for large brokers that promises to dramatically raise the efficiency of their operations.

Fidessa group plc (LSE: FDSA) today announced that its buy-side compliance service, Sentinel, has won its second award of the month, having been voted best solution for asset management and funds at the 2015 Compliance Register Platinum Awards. Designed to recognise exemplary service to compliance and regulation, these awards are decided by a rigorous process of independent nominations which are then voted on by members of the Academy of Compliance Excellence.

Three reports have been at the front of my mind this week.

Platform9, the company making private clouds easy, today announced that it has been named one of 15 cool cloud companies by CRN: http://www.crn.com/slide-shows/cloud/300078842/15-cool-cloud-companies-and-their-even-cooler-products.htm.

On Nov 11th, FASB decided the effective dates of adoption for the CECL guidelines. For staggering the dates of adoption for financial institutions (FI) of various sizes, FASB took a different approach from asset size range and used the definition of Public Business Entities (PBE).
• Dec. 15, 2018, including interim periods – For PBEs which are SEC Filers
• Dec. 15, 2019, including interim periods – For PBEs which are non-SEC Filers
• Dec. 15, 2020, including interim periods – For all other entities

 Increasing efficiency and functionality, and expanding its services to better meet the needs of its community customers, Los Alamos National Bank has selected FIS™ (NYSE: FIS), a global leader in banking and payments technology, as its new core banking provider.

One of the key challenges facing NSIA Bank, previously BIAO-CI, has been deciding the best way to achieve full modernisation of its information systems, in order to improve service performance, security and meet its innovation objectives.

Following an intensive selection process, NSIA Bank has decided to partner with Sopra Banking Software, joining a roster of more than 600 banks across 70 countries who use Sopra Banking Software’s back office banking architecture.