Weekly Fintech Review April 11-15

  • IT Innovations
  • 15.04.2016 02:15 pm

The week starting April 11 through April 15 was lucky in terms of client wins for many financial technology providers, especially in the sphere of trading and banking systems. The most significant deals include Fidessa’s agreement with Huatai Financial, Numerix contract with The Reserve Bank of New Zealand and SimCorp’s wining of Nomura Bank as a new client. The trading technology market witnessed a number of interesting fintech product releases and enhancements, obviously in connection to TradeTech Europe event in Paris. Financial IT summarized fintech activity this week.  


Pragma Securities has launched Pragma SmartFix, a new execution algorithm designed to improve average execution performance against the daily 4pm WM/Reuters foreign exchange benchmark fixing.

AOC Solutions® is launching Transact GlobalSM, a processing platform dedicated exclusively to virtual payments. Transact Global has a cloud-based infrastructure that allows for maximum innovation, integration and efficiency.


OneMarketData, LLC is launching OneTick Strategy Backtesting, a platform for strategy development and large scale backtesting. The platform is powered by OneTick, OneMarketData’s enterprise solution for data management and time-series analytics.


Deloitte has developed a SolutionPrint™for Cloud Financial Analytics, based on Oracle Planning and Budgeting Cloud Service. The SolutionPrint is designed to provide companies with process models and solution artifacts for creating a virtually seamless, cloud-based enterprise performance management solution.   


Teradata is introducing the powerful analytic solution which outperforms the currently used customer satisfaction measurement approach. For years, Net Promoter Score (NPS) has been the predominant tool for customer “likelihood to recommend” metrics. However, that is about to change with the introduction of the Customer Satisfaction Index (CSI) Analytic Solution from Teradata.



FlexTrade Systems announced the first integration between OTAS Technologies’ natural language intelligence and analysis systems, and Symphony Communication Services LLC’s platform, in the company’s FlexTRADER EMS.


Markit’s FX pricing distribution hub service added Moscow Exchange to its network of trading venues, providing FX market participants worldwide cost effective trading access to one of the world’s fastest growing exchanges.  


Rapid Addition has completed the integration of DET Tech, whom they acquired in October last year. The flexibility of the DET Hub and the capabilities of Rapid Addition’s FIX engine and FPGA technology has created a new generation of etrading performance.


Easy Solutions and Alkami™ Technology, Inc. have entered into a partnership to make Easy Solutions’ Total Fraud Protection portfolio of products available as part of Alkami’s digital banking platform.


Infront announced the integration of Symphony Communications, LLC's platform with the Infront Terminal at TechTrade Europe. The integration combines compliant messaging with the flexibility, speed, and mobility of the Infront terminal. 


$7.9 billion Renasant Bank based in Tupelo, Miss., $1.2 billion Machias Savings Bank based in Machias, Maine, and $5.1 billion Independent Bank, McKinney, Texas have selected its C3 Financial, a cash management and forecasting solution invented by CetoLogic, to simplify cash operations and accurately predict cash levels to service customers’ needs. 


Bigbank has chosen the Provenir solution to overhaul its processing of credit and loans. The Provenir cloud solution is ideal for rapid implementation where higher levels of automation are needed across multiple regions. The digital solution will also improve the capture and effective use of customer data so that Bigbank can continue to provide great customer service. 

Huatai Financial Holdings Limited implemented Fidessa’s centralised order management and execution system as its Asian trading platform to support the expansion of HTSC’s equities business across the Shanghai-Hong Kong Stock Connect markets.

RBNZ has selected the Numerix Oneview enterprise pricing and risk analytics platform for the transformation of its Treasury Systems strategy and future roadmap. Numerix Oneview will provide market standard trade valuation, position and collateral management, alongside enhanced risk and performance reporting, to aid in effective decision making and reduce key operational and market risks. 


DekaBank has extended their contract with icubic AG for another three years. For over eight years, DekaBank has been using software produced by icubic for the settlement of electronically traded fixed income bonds. The use of a reliable trading system and integrated gateways enables the bank to quote and trade the best possible market prices with the lowest level of latency.


SimCorp signed a large additional license agreement with Nomura Bank (Luxembourg). The bank will be utilizing SimCorp’s investment management solution, SimCorp Dimension to support its core business operations covering custody and trade processing as well as fund accounting functions. 


Intracoastal Bank, a $266 million financial institution with offices in Palm Coast and Daytona Beach, Florida, has enhanced its small business banking services with the addition of Fiserv’s Mobiliti Business™, a mobile banking solution designed for the unique needs of businesses. 



Standard Chartered and SuperCharger successfully completed Hong Kong’s first home-grown Financial Technology (FinTech) accelerator programme. The programme has reached its first significant milestone in its journey to creating FinTech partnerships, Financial Services (Finserv) collaborations and fund raising opportunities. 


Nexuslab, the Swiss blockchain startup programme powered by Startupbootcamp Fintech, announced ten international startups selected to join its pilot programme starting this April. The selection reflects a broad range of industries bound to be affected by blockchain technology innovations in the near future. 


SmartStream Technologies, the Transaction Lifecycle Management (TLM®) specialist, appointed Naren Patel to head the Strategic Account Management for the Corona Business Unit (CBU) based in London. Naren Patel will be key a part of the European sales team, reporting to Marcus von Rahden, Head of Sales Europe, Corona Business Unit.



Pegasystems Inc. announced the acquisition of Atlanta, GA-based OpenSpan, Inc., a privately held software provider of robotic process automation (RPA) and workforce analytics software. OpenSpan uses robotic automation to ease the burden on customer service representatives (CSRs) by automating routine desktop tasks, thus increasing employee productivity and job satisfaction. 


Ingenico acquired Think&Go NFC. Since 2015, Ingenico Group and Think&Go NFC have been using contactless payment technology to turn digital advertising displays into genuine points-of-sale, giving birth to Screen-Commerce. 



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