Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Bank of the Ozarks, headquartered in Little Rock, Arkansas, successfully converted to the Premier(R) bank platform. In addition, the bank is implementing a host of additional Fiserv solutions to enhance capabilities and optimize processes for the institution.
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Instinet Europe Limited (IEL) today announced its number five ranking, by customer market share, among cash equities brokers in Europe, according to a research report published by Markit.
Instinet was the only firm in the top ten to climb the rankings in 2014, increasing market share from 6% to 10%, doubling its traded client volumes in Europe last year and seeing volumes worth €990bn compared to €486bn in 2013. Instinet saw growth in large, mid and small cap equity securities.
Misys, the leading financial software company, has signed an agreement with ECB, a Zimbabwe-based application software and services provider, to join the Misys InFusion partner programme. Working with banks and government institutions in Zimbabwe, Malawi, Angola, Botswana, Zambia and other African countries, ECB provides expertise in application development, managed services, strategic sourcing, training and consulting, designed to bring efficiency and automation to client companies.
In a similar vein to the BIS’ recent progress report on BCBS 239, Markit commissioned its own survey. 29 global banks responded. So what difference did it make to the results when it’s not a regulatory body asking the questions? Are the answers perhaps less guarded and more honest? Or do the answers stack up?
Disruption, is a fascinating interest of mine, the magnitude occurring in energy, cars, Internet of Things and financial fronts is just amazing in its breadth and speed. On the energy front, U.S. growth has resumed due largely to the technical innovations of fracking and horizontal drilling. On the car front, Tesla, according to Forbes, has irreversibly distorted the auto industry. Homeowners with rooftop solar power and PPA financing (Power Purchase Agreements) are disrupting the very concept of an electric utility.
Metro NOW is a highly customizable, web-deployed trading platform that allows users to build and buy, taking advanced off-the-shelf software and adding a growing library of custom in-house widgets. It comes out-of-the-box with traditional Metro widgets, such as pricing, risk management and execution, and allows users to access and download an expanding catalog of widgets from the City Store.
Banks produce copious amounts of data daily through customer transactions, financial activities and from external markets. The raw data in itself has little value unless it is properly captured, consolidated, stored and extracted into ‘actionable information’. This information is further distributed, analysed and presented into actionable insights for driving business decisions. Here’s where Business Intelligence (BI) tools come in to leverage the data to extract maximum value.
This paper first appeared as an article in International Banker, February 2015.
Editorial Calendar gives an overview of the year ahead, including the scheduled features and editorial content.
Traiana, the leading provider of pre trade risk and post trade processing solutions, announces today that its CCP Connect for Equities service has won Markets Media’s Best New Clearing Product award at the annual Market Choice Awards on 19 February 2015. The Markets Choice Awards are decided by a combination of editorial research and online feedback, in conjunction with the Markets Media Advisory Board.