UK Outruns Singapore As the Second largest Offshore RMB Clearing Centre
- 8 years 6 months ago
- Trade Finance
According to SWIFT’s latest RMB tracker, the United Kingdom’s RMB payments value increased by 21% between March 2014 and March 2016, positioning the United Kingdom as the first offshore RMB clearing centre after Hong Kong. Singapore overtook the United Kingdom in February 2014, but the trend started to reverse as of January 2016. Hong Kong still remains the world’s largest offshore RMB centre, processing 72.5% of all RMB payments, followed by... more
Nxchange Unveils a Next Generation Stock Exchange
- 8 years 6 months ago
- Foreign Exchange
The arrival of Nxchange makes it possible to place and trade securities on a regulated platform without the intervention of a bank or broker being required. Companies can activate their network and communities to raise capital both on the central trading platform of Nxchange and using an integrated module on their own websites. A traditional IPO is usually an expensive and complex matter.
Samsung Pay Teams Up with Leading POS Makers to Expand Mobile Payment Adoption
- 8 years 7 months ago
- Transaction Banking, Payments, Mobile Banking
Samsung Electronics announced today new partnerships with the world’s largest POS makers, including Verifone (NYSE: PAY), Ingenico Group, First Data and Clover, PAX Technology, Equinox, ID TECH, MagTek, USA ePay and OTI Global, to accelerate mobile payment adoption by ensuring the best possible user experience at merchants’ point-of-sale (POS) systems during checkout. Samsung Pay is the only contactless payment solution that works at over 90... more
Vendavo Experts Find Lack Of Proper Margin Strategy in Many EU Organizations
- 8 years 7 months ago
- Transaction Banking, Data
European organisations performing ahead of market expectations and creating more value for shareholders place a much greater emphasis on understanding and improving margin than their competitors. This is the key finding from a study published today by profit performance experts Vendavo and Patrick Reinmoeller, Professor of Strategic Management at Cranfield School of Management. The report also highlights a worrying lack of insight into margin... more
New Online Brokerage 'Tradovate' Goes Live
- 8 years 7 months ago
- Trading Systems, Trade Finance, Foreign Exchange
Tradovate, LLC, a new online brokerage firm for active, self-directed futures traders, announced today that the firm is now launched and accepting business. Tradovate is the first futures brokerage firm to offer flat-rate membership fees, dispensing with the industry-standard commission structure.
Deutsche Börse Unveils unscheduled Updates to MDAX
- 8 years 7 months ago
- Trading Systems, Foreign Exchange
Deutsche Börse announced unscheduled changes to MDAX. As a result of the expected acquisition of Wincor Nixdorf AG by the acquirer Diebold, Incorporated, the tendered share line of Wincor Nixdorf AG (ISIN DE000A169QN2) will be deleted and replaced with the prior Wincor Nixdorf AG share line (ISIN DE000A0CAYB2). This change is due to the end of the final tender period of the acquisition from 15 April 2016. This process ensures that the relevant... more
EBA CLEARING Enhances Information Service on its Platform STEP2
- 8 years 7 months ago
- Transaction Banking, Foreign Exchange, Securities Services
Enhanced extended remittance information service successfully activated in the pan-European retail payment system EBA CLEARING announced the activation of an enhanced extended remittance information service on its pan-European automated clearing house platform STEP2. The new service, which took up operations yesterday, supports the inclusion of up to 999 structured invoice and credit note references in a single SEPA Credit Transfer.
Fiserv Makes Wealth Management More Female Friendly
- 8 years 7 months ago
- Transaction Banking, Management, Wealth Management
Cheryl Nash, president, Investment Services of Fiserv, has been appointed to the advisory board of Envestnet Institute On Campus (EIOC) and named executive leader for the Institute’s new ‘Women in Wealth Management’ program. The program is designed to attract college-age women to wealth management careers in order to increase gender diversity in the industry.
Naren Patel to head the Strategic Account Management for SmartStream's CBU in London
- 8 years 7 months ago
- Transaction Banking, Management, People Moves
SmartStream Technologies, the Transaction Lifecycle Management (TLM®) specialist, today announce the appointment of 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, he will be responsible for all aspects of business development and strategic account... more
C3 Financial Helps New Banks to Achieve Cash Management Efficiency
- 8 years 7 months ago
- Transaction Banking, Cash management
$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.
Hansa Orga and Deutsche Bank Unveil “HO Global Format Integrator" for SAP Users
- 8 years 7 months ago
- Transaction Banking, Infrastructure
Hanse Orga announced the introduction of “HO Global Format Integrator” a “plug & play” solution for companies wishing to configure and establish international transaction messages faster and more easily in their SAP system.
Pragma Unveils SmartFix to Enhance FX Trading Performance
- 8 years 7 months ago
- Trading Systems, Foreign Exchange
Pragma Securities, a leading provider of high performance algorithmic trading tools, has launched Pragma SmartFix, a new execution algorithm designed to improve average execution performance against the daily 4pm WM/Reuters foreign exchange benchmark fixing.
Wells Wells Fargo Bank Pays $1.2 Billion for Improper Mortgage Lending
- 8 years 7 months ago
- Transaction Banking, Risk Management
The Department of Justice announced that the United States has settled civil mortgage fraud claims against Wells Fargo Bank, N.A.
Baker Hill automates commercial lending operations of Bryn Mawr Trust
- 8 years 7 months ago
- Transaction Banking, Banking
Bryn Mawr Trust has selected its Advisor® for Relationship Lending origination solution from Baker Hill, a provider of SaaS solutions for common loan origination, relationship management and smart data analytics, to automate its commercial lending operations. The solution supports financial institutions’ strategic sales initiatives, helping them meet customer acquisition goals while optimizing credit approvals to accelerate underwriting.
eOriginal’s Digital Mortgage Platform integrated with Wolters Kluwer
- 8 years 7 months ago
- Transaction Banking, Data, Data Management, Accounting
Wolters Kluwer has teamed with eOriginal®, Inc., a provider of digital transaction management (DTM) solutions, to add eVaulting and eClosing capabilities to its Expere® dynamic document solution to deliver end-to-end eClosing functionality for its banking customers. The integration will allow Expere users to utilize eOriginal’s extensible, plug and play digital mortgage platform.
