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From 12th August 2016, insurers risk being caught out unless they open up a two-way customer communications process in line with The Insurance Act 2015. The new legislation includes a ‘duty of fair presentation,’ which ensures all parties must have a proper understanding of risk and the factors involved; this means insurers must now place a greater focus on communicating with their customers than ever before. Fair disclosure and presentation of information has to occur from both sides, with insurers and their customers needing to share the right information at the right time.
IHS Markit Ltd, a global leader in critical information, analytics and solutions that drive economies and markets worldwide, today announced new levels of automation for the syndicated loan market through enhancements to its WSO software and services.
kyc.com, the joint venture between IHS Markit (Nasdaq: INFO) and Genpact (NYSE: G), today announced a strategic partnership with Dow Jones, Exiger and Regulatory DataCorp (RDC) to deliver an end to end know your customer (KYC) process integrating compliance, onboarding, sanctions, screening, negative media searches and client risk assessment. The alliance of these global firms will drive standardisation and compliance across regulatory regimes and multiple jurisdictions.
Legg Mason, Inc. ("Legg Mason") announced that it has reached an agreement with Bill Miller for the acquisition by Mr. Miller of all of Legg Mason's interests in LMM LLC ("LMM"). As a result, Mr. Miller, together with companies he controls, will own 100% of LMM.
LMM provides investment management services to Legg Mason Opportunity Trust, Miller Income Opportunity Trust and related strategies. There will be no changes to the investment team or portfolio management responsibilities as a result of the transaction.
SAP SE announced that it won two awards at the annual Asian Banker Technology Innovation awards program. SAP won the award for the "Best Mobile Banking Project" in Indonesia for its work with BTPN Bank and the "Best Mobile Payment Project" award in Indonesia for its work with Bank Central Asia.
AccuFund, Inc., provider of financial reporting and accounting software for non-profit, municipal and government organizations, today announced that the University at Buffalo Foundation in New York has implemented the cloud version of the AccuFund Accounting Suite. While it plans to utilize the entire system, UB Foundation selected AccuFund for its robust endowment management and reporting capabilities, which are provided by the AccuFund Accounting Suite's Financial Reporting and Allocation Management modules.
Swirlds, building the trust layer for the internet, today released the Software Development Kit (SDK) for the
LCM Partners is delighted to announce that it has been shortlisted in Financial News' 15th annual Awards for Excellence, Institutional Asset Management, Europe.
The company has been nominated in the 'Fixed Income Boutique Manager of the Year' category with the winner being announced in October. As a new award category added this year, LCM is honoured to be one of the first Investment Managers selected by Financial News to represent this asset class.
