In our recent survey of European executives, 60 per cent of financial executives admitted that Anti-Money Laundering regulation is their number one compliance concern. As regulators take a tougher stance on institutions failing to introduce appropriate financial controls and increasingly hold individuals to account for due diligence failures, the Sonali Bank incident should act as a serious warning.

IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, announced its collaboration with Superloop, a leading independent connectivity solutions provider in the Asia Pacific Region, to provide the diverse market participants in IPC’s Financial Market Network with reliable and secure access to financial markets.

Interactive Investor plc (“Interactive Investor”) has agreed to acquire TD Bank Group’s European direct investing business, though the acquisition of the shares of TD Wealth Holdings (UK) Limited and TD Bank International S.A. (Luxembourg) (collectively, “TDDI”).  

The acquisition will create the UK’s second largest online stockbroker* with assets under administration (AUA) of £18 billion.

Customer benefits

 In a decisive move, UK-based VST Enterprises has announced the addition of two former Elavon Vice Presidents to its business development arm in the US. The experienced duo will be joining collectively under the company Relevant Payment Consulting.

Conferma, a leading technology provider with a vast network integrating multiple travel suppliers has announced its partnership with Wirecard to introduce ‘Virtual Supplier Payment Card’ by Wirecard for business travel through Conferma’s integration network.

Weir, Kan.-based CBW Bank has been named the “Most Innovative Community-Based Banking Organization” by BAI in this year’s Global Banking Innovation Awards. Additionally, the bank was recognized as a finalist in the “Innovation in Payments” category. Winners were announced at BAI Beacon in Chicago. 

 Fiserv, Inc., a leading global provider of financial services technology solutions, announced today that Devin McGranahan has been named president of its Billing and Payments Group, effective November 1, 2016. McGranahan succeeds Rahul Gupta, who will leave Fiserv in December 2016 to pursue other interests.

To achieve MiFID II’s aim of greater transparency, having a proper golden source of instrument data is key for every market participant. Fortunately, under the new rules, ESMA is required to publish a list of all financial instruments traded on all trading venues and systematic internalisers, enriched with useful, related information such as MiFIR transparency and liquidity thresholds.

Navidar® is pleased to announce that Jeff Houston, CFA, has joined the firm as a Managing Director based in Austin, TX. Jeff was one of the early pioneers in publishing research on the SaaS software sector beginning with the salesforce.com IPO in 2004. Jeff will continue to provide focused research on the SaaS software, e-commerce, and Internet sectors as well as the broader technology trends shaping our world. Jeff has nearly 20 years of experience, primarily as a successful Wall Street analyst, having published research on more than 100 public and private technology companies.

Qlik®, a leader in visual analytics, today announced that PSCU, an award-winning and leading provider of financial services and payment solutions to credit unions, has deployed Qlik Sense® to drive greater efficiencies across the service organization.