The landscape of the financial services industry is changing at a rapid pace. Banks and wealth management firms now must cater for a new generation of customers, with different needs and expectations, while managing massively increasing compliance demands and striving for efficiency gains. As a result, the sector is under great pressure, with profit margins now 9pp lower and cost to income 6pp higher than in 2007[1].
TXF is a financial management product designed for CFOs, VPs of finance, and controllers. It structures the data collection process, takes away manual processing, and encompasses budgeting, planning, and financial consolidation. In most cases, month-close processes can be shortened with TXF from weeks to days; sometimes even to less than one day. Users can take advantage of these capabilities without the need for IT or tech support for implementation, support, or maintenance.
You'd be hard pressed to find a product launch that generated as much buzz and excitement in the financial services industry as the announcement of Apple Pay™ last September. Heralded at the time by Apple® CEO Tim Cook as the service that would replace the "fairly antiquated payment process" and "forever change the way all of us buy things," Apple set out to revolutionize the payments experience.
OptionMetrics, a leading provider of quality historical option price data, tools and analytics, is today announcing that VIX® and VSTOXX® indices, already included in its IvyDB US and IvyDB Europe products, have now also been added to its IvyDB Global Indices database.
ITRS Group marked the opening of its new R&D facility in Malaga's Andalusian Technology Park (PTA) yesterday. The event was attended by representatives of the PTA, Malaga University – both of which ITRS will look to collaborate with in future – and the Mayor of Malaga. The new centre is a key milestone in ITRS' strategy to grow the business, becoming the third R&D space for the company alongside centres in Manila and London.
AGRICA, the French social welfare group for agricultural sector workers, has selected OTCFin, a financial technology firm that specializes in Portfolio and Risk data management, to assist them with their Solvency 2 implementation as well as help AGRICA EPARGNE, their asset management arm, streamline their investment process.
TimeXtender, the world’s largest provider of data warehouse automation (DWA) software for the Microsoft® SQL Server®, today announced the availability of its new TX Financials (TXF) product.
Capco, the global business and technology consultancy dedicated solely to the financial services industry, today announced its expansion into Singapore with the launch of a new office to meet growing regional demand. The Singapore operation will be led by recently appointed Capco Partners Bao-Viet Lê and Charles Bokman. Mr. Bokman takes responsibility for wealth management consulting, while Mr. Lê will lead the banking practice in Singapore.
investUP (known as UP), the crowdfunding supermarket, has appointed Cary Depel as its Compliance and Legal Director. Cary will bring more than 20 years’ experience with him and will be responsible for compliance and legal, helping to transform the crowdfunding landscape.
FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, continues to garner recognition for the quality of its technology solutions and the strength of service it provides financial institutions.
