Over the last few years, there has been an overwhelming number of regulatory guidelines banks have had to comply with. While some of these guidelines, like reporting on Special Mention Accounts and Risk Based Supervision are Central Bank specific, others like FATCA are international in nature.
The example below shows the formidable challenge Indian banks have of staying perpetually compliant
While the Australian superannuation industry has been preoccupied in recent years with responding to a raft of regulatory change, the world has not stood still. A number of forces have come into play that stand to radically shape and transform the superannuation landscape of the future. Numerous reports1 forecast continued strong sector growth in the years ahead, however, the ability of funds to take advantage of this growth will depend on their capacity to recognise and embrace change and move with the times.
Banking Compliance, Risk and Analytics Solutions pioneer iCreate Software has announced a change in its brand name. The new brand name will be ‘Fintellix Solutions’.
This development is a logical step forward as the company continues to evolve rapidly as architects of a new, smarter, data-driven financial technology landscape with their niche banking Compliance, Risk and Analytics offerings. The decision therefore was to opt for a new identity that conveys their singular focus area (i.e. Financial Intelligence) better and aids memorability / quicker brand recall.
Compass Plus, an international provider of innovative retail banking and electronic payments software for financial institutions and processors, has announced that its open development payment platform, TranzAxis, has now been fully certified to support Futurex’s Excrypt SSP9000 hardware security modules (HSMs). This new partnership with Futurex, a provider of secure, robust, and cost-effective data encryption security solutions, has extended the list of HSMs now supported by the TranzAxis payment platform.
The need of controlling trading risks has been obvious for years but this hardly reduces its relevance. In fact, it becomes ever more crucial for survival and business development. There are also questions of compliance with MiFID II measures being introduced.
High-frequency trading (HFT) may be capturing the headlines, but there is a great deal of misunderstanding about how these strategies work and the technologies involved. In response to outcries in the media and ill-informed “investor” backlash, regulators on both sides of the Atlantic are looking into the practice. Meanwhile, the debate over the fairness of HFT rages on between proponents and opponents.
Compass Plus, an international provider of innovative retail banking and electronic payments software to processors and financial institutions, has announced the migration of Global Processing Centre (GPC) in Antigua, the third largest processor in the Caribbean region, to its open development payments platform, TranzAxis, in just three months. The project was implemented in conjunction with Worldwide Financial Systems Solutions (WFSS), Compass Plus’ distributor in the Latin American and Caribbean region.
Sibos interview with Andre Casterman, Global Head of Corporate and Supply Chain Markets,SWIFT
Diasoft, a leading financial software vendor, increased the status of its partnership with Hitachi Data Systems GmbH (HDS) to Silver. This status was granted to Diasoft after a 6-month auditing completed by HDS.
The HITACHI TrueNorth Channel Partner program allows its members to get access to HDS's strategic partner resources, including the right to use the facilities of the company's authorized center.
DealHub (Option Computers Ltd) announced today that KCG HotSpot, the award-winning institutional FX ECN, is the latest trading platform to connect to the firm’s FX Distribution Hub service.
The move will allow existing DealHub customers, as well as new price makers and takers, to quickly and cost effectively connect to KCG HotSpot, including the firm’s newly launched HotSpot QT dark liquidity pool, via the ‘connectivity as a service’ platform.
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