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SunGard has won Wealth & Finance International’s 2015 Alternative Investment Award for its XSP solution in the “Best Equities Broker/Dealer - USA” category. These awards recognize and pay tribute to groundbreaking, forward-thinking and client-friendly businesses across a wide spectrum of global industries and sectors.
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that U.S. Bank, the fifth largest bank in the United States, has signed a five-year renewal for the CheckFree RXP(R) electronic billing and payment, Popmoney(R) personal payment and TransferNow(R) account-to-account transfer solutions.
Josh was in high spirits, trading had been good that day. He had downloaded an algo app overnight that allowed him to arb Google dollars against Apple iCoins. It was no longer any use, of course, as by now everyone else had downloaded it too. But his edge had been that his simulator had processed it faster than anyone else. This was required by the regulator to check it contained no malware but, more importantly, so he could confirm that it would actually do what the developer claimed. Even so, it had made him a few hundred grand less comm to the algo developer.
If asking what should we do about the Fintech disruption is the wrong question, what’s the right question?
I would claim it is how can we change the bank to be a Fintech platform? A good illustration of this is HSBC and its past, present and future.
Under John Bond, HSBC became a global financial behemoth, in the same vein as Citigroup. Both banks had visionary leaders – John Bond and Sandy Weill – and aspired to offer universal banking globally. The we can be all things, to all people, everywhere model of banking.
Since its introduction, the Retail Distribution Review (RDR) has placed a heavier burden on the compliance and regulatory obligations of many retail firms, increasing the compliance costs. The consequences have included profit warnings, consolidation and exits by smaller IFA firms across the industry. This pattern has continued unabated.
‘Compliance creep’
Judo Payments, Europe’s only mobile-first payments platform, today confirms its announcement as one of the payments platform providers selected to support Apple Pay when it launches in the UK in July.
SWIFT announces the availability of Watch for Securities, a new business intelligence solution that helps securities market participants to monitor and gain valuable business insights from their network traffic. Following the completion of a successful early adopter programme, SWIFT’s Watch for Securities is ready for full scale use by local and global custodians, investment banks, asset managers and broker/dealers.
Customers of Australia's Commonwealth Bank can now track the movement of share prices and perform everyday banking tasks with a tap of their wrists following the release of two new smartwatch apps.
Paul Rayson, executive general manager, CommSec, says the new app is meeting the evolving needs of customers as they migrate to mobile channels.
From now on, Belgians can put the entire content of their wallet in MasterPass, a digital platform launched today by MasterCard and implemented by Buy Way.
