Northern Trust (Nasdaq: NTRS) has launched a new Statement of Recommended Practice (SORP) reporting solution to help institutional clients navigate the new UK SORP reporting requirements.

SLIB, a leading securities software provider and a Post-Trade Solutions specialist, is pleased to announce that Kyte Broking Limited (Kyte) has chosen the SLIB Middle Office and Fees Management solution to automate its trade management processing for multiple asset classes.

Kyte was looking for a Middle Office and Fees Management solution to develop its business by setting up operational infrastructure which was fast, easy to implement and capable of handling significant volumes without increasing operational costs and risks.

Canadian exchange group TMX is launching an innovation lab to explore and incubate emerging inhouse and external technology opportunities for 're-imagining' the future of trading.

DataGenic, the leading global provider of on-premise and in-cloud smart commodity data management software, were recognised with the “Award for Innovation in Data Management Software” at Acquisition International’s 2015 Business Excellence Awards.

The prestigious Business Excellence Awards both highlight and celebrate the outstanding performance and results achieved by the industry’s leading lights across the globe.

Chinese e-commerce conglomerate Alibaba has built an inhouse cloud-based banking platform for the online launch of its banking affiliate MyBank, eschewing products from US technology firms that have angered authorities in Beijing.

Ivalua, a leading global spend management solutions provider, announced today that Scotiabank, one of Canada's largest banks and the 9th largest bank in North America by assets and profits, has selected Ivalua to address its need for a centralized procurement process and solution that will empower its global procurement and vendor risk management initiatives.  

The Project Steering Committee of CIMB Niaga gave the green light for the official go-live of another important milestone in the introduction of FERNBACH’s FlexFinance FRC software. On this occasion, CFO Pak Wan Razly Abdullah (CIMB Niaga) congratulated EVP APAC Dr. Denis Diop (FERNBACH) on behalf of FERNBACH’s implementation team for the excellent project work that has been completed so far.

Studies conducted by Ovum, the global analyst house*, reveal that the use of SaaS (software as a service) in the global insurance industry is already significant with at least a third of all insurers fully deploying or trialling SaaS currently.  Despite a significant minority of insurers remaining cautious of SaaS (for regulatory, risk and reliability reasons) there is almost universal agreement among insurance carriers that SaaS will have a significant impact on both the insurance industry and individual insurers within the next five years.

Ullink, a leading provider of electronic trading and connectivity solutions to the financial community, announces that Didier Bouillard will take on the role of Chief Executive Officer, effective from July 1. Bertrand Sciard, Ullink’s current Interim CEO, will move to Chairman.