The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Skandinaviska Enskilda Banken AB (SEB) has selected its multi-award winning Global Trade Repository (GTR) service in order to meet their regulatory obligations under the Securities Financing Transactions Regulation (SFTR), which is expected to apply from April 2020. Read more »
DER Touristik UK has appointed travel technology company, CodeGen, to provide its end-to-end reservations system, TravelBox, to power premium long-haul travel brand Kuoni in the UK market as part of its digital transformation strategy. The TravelBox platform, which enables travel companies to draw content from multiple sources and create bespoke, multi-centre holiday itineraries, will replace Kuoni’s current system later this year. Read more »
Robocash Group announced the launch of sharia compliant service Penyaluran Dana Syariah (PDS), which is a sharia compliant funding facility. The service has been developed from the ground up in partnership with the financing company Reliance Finance and close consultation with Sharia Supervisory Board (Dewan Pengawas Syariah). Read more »
The IPChain Association and the Skolkovo Foundation organized a thematic round table dubbed, "New types of intangible assets and their relation to intellectual property", within the Global IP Exchange in the German capital. The event brought together high-profile experts to discuss new types of intellectual property objects and other intangible assets, as well as to provide an overview of the situation in various markets. Read more »
Transformative innovations in technology can drastically drive presence and scale when offering financial services, opening doors to the unbanked and underbanked populations. The tremendous role that digital financial services (DFS) can play for financial inclusion is well welcome around the globe and regulators have continuously sought to unlock this potential by creating evolving enabling environments. Read more »
It is no secret that banks invest hundreds of millions of euros in the development of their technical infrastructure annually. At the same time, the cost of key software solutions often becomes the stopping factor for innovation. Each financial institution chooses its own methods to manage cash flows effectively. Some invest in their own IT-teams and make software products that are most tailored to specific requirements. Others turn to third-... more Read more »
Another big vote in Britain, another big move in the U.K. pound. Sterling rebounded ahead of a vote today in the British Parliament on whether to exit the EU without an agreement. The pound’s tentative rise added a headwind on the U.S. currency whose rally has been undercut by tepid data. The euro, yen and Canadian dollar were little changed. Negative data Down Under weighed on both the Aussie and kiwi dollars. Sterling plunged Tuesday after... more Read more »
The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today published a white paper that outlines function-based guiding principles for regulators and market participants for the post-trade processing of tokenized securities. The market for trading crypto assets that are security tokens where the post-trade processing uses distributed ledger technology (DLT), has... more Read more »
ITRS Group (“ITRS”), the leading provider of real-time monitoring and analytics, has been selected to provide ITRS Capacity Planner to CDL, a leading provider of software solutions for the insurance market. ITRS Capacity Planner (formerly Sumerian Capacity Planner) will initially be used with CDL’s flagship Strata solution to provide capacity management and planning to enhance customer experience and efficiency. Read more »
Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 27 March 2018 in relation to the launch of the recommended all-cash offer by Thales for all the issued and outstanding shares of Gemalto (the Offer), the publication of the Offer Document, and the joint press release of Thales and Gemalto dated 10 August 2018 in relation to the further extension of the Acceptance... more Read more »
PanXchange, a Denver-based OTC physical commodity exchange and price discovery platform, today announced a partnership with CQG, a leading global provider of high-performance solutions for trading, market data, technical analysis, and risk and account management. Through this new partnership, CQG’s global clients gain access to PanXchange’s cutting-edge frac sand pricing data. Read more »
New research from Hitachi Capital Business Finance shows that small businesses in the IT & Telecoms sector are some of the most confident in the SME community. More than two in five owners in the sector (42%) have predicted significant or modest growth over the next three months – with only 13% afraid of contraction. As part of its five-year tracking study of small business hopes and fears, Hitachi Capital Business Finance asked 1,177... more Read more »
New World Capital Advisors (“NWCA”), the specialist merchant banking and investment firm, has announced a strategic investment in IslamicMarkets, a leading financial intelligence, e-learning and investment platform focused on the global Islamic economy. Launched last year, IslamicMarkets offers industry-led learning, financial intelligence and connects investors to opportunities across the global Islamic economy, estimated to be worth USD$3.8... more Read more »
Riverbed, The Digital Performance Company, today announced that Raiffeisen Switzerland, has selected Riverbed’s Digital Experience Management solution, SteelCentral Aternity, to transform employee experience and optimize performance of enterprise applications and digital services in the Raiffeisen portfolio. Read more »
Savers in the basic, higher and additional rate tax bands who invest the maximum £20,000 allowance into an ISA this tax year will need their provider to deliver a minimum rate of return of 1.84% p.a. to beat inflation. The situation is far worse for 20% tax payers with non-ISA investments of £20,000, who must achieve a rate of 2.30% just to keep pace with inflation, rising to 3.34% for a 45% additional rate tax payer. Read more »
