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Colt Refused Fidelity Offer

The independent directors of Colt Group S.A. ("Colt" or "the Company") note the announcement today of a cash offer for the ordinary shares in Colt not already owned by FMR LLC, FIL Limited and certain affiliated parties (together "Fidelity") at a price of 190 pence per share (the "Offer"). The independent directors have appointed Barclays Bank PLC acting through its Investment Bank ("Barclays") as independent financial adviser. Read more »

TransferWise Exceeds the £500m a Month Milestone

London-based money transfer startup TransferWise says it is now processing £500 million a month on its platform, saving customers some £22 million in fees compared to equivalent bank rates. Speaking live on BBC Radio 4’s Today programme, TransferWise founder Taavet Hinrikus says the milestone demonstrates a fundamental shift in people’s awareness of how banks, brokers and others take advantage of customers by hiding the real cost of... more Read more »

KBC Will Introduce Online Direct Debit Mandates

From June 6, the business customers of KBC will be able to handle their European B2B direct debit mandates fully electronically. From then on, they will be able to settle these mandates in just a few clicks. To achieve this, KBC works together with Twikey, the Belgian market leader in the field of electronic direct debit mandates. Creditors use B2B direct debits because they offer more security and guarantees than the European direct debit CORE.  Read more »

SWIFT Opens Office In Miami As Part Of Its Growth Strategy For Latin America

SWIFT announces the opening of its new Latin American regional headquarters office in Miami, Florida to support the growth of the company’s operations in the region. In the last few years, Miami has become a financial hub with the largest concentration of domestic and international banks on the East Coast south of New York, much of which are regional headquarters for their Latin American operations. Read more »

Vermilion Selected To Streamline Reporting At Jyske Bank

 Vermilion Software (‘Vermilion’), the leading global supplier of client reporting and communications software, announces that it has signed terms with leading Danish private bank, Jyske Bank A/S (‘Jyske Bank’). Read more »

McObject releases new version of its eXtremeDB In-Memory Database System

McObject®, developer of innovative database system software, announced it has released version 6.0 of its eXtremeDB® In-Memory Database System (IMDS) and related product family. The upgrade adds support for distributed query processing, which improves database speed and scalability by leveraging the processing power, memory and bandwidth of multiple hardware nodes in carrying out queries. Read more »

McObject releases new version of its eXtremeDB In-Memory Database System

McObject®, developer of innovative database system software, announced it has released version 6.0 of its eXtremeDB® In-Memory Database System (IMDS) and related product family. The upgrade adds support for distributed query processing, which improves database speed and scalability by leveraging the processing power, memory and bandwidth of multiple hardware nodes in carrying out queries. Read more »

Orbium opens four new offices

Orbium, the business and IT consulting company focusing exclusively on the financial services industry, announces the opening of four new offices: Frankfurt, Paris, Hong Kong and Manila. These openings reflect Orbium’s strong organic growth and broad geographical expansion strategy, bringing the total number of employees to over 300 across ten countries and eleven offices including Geneva, London, Luxembourg, Singapore, Sydney, Warsaw and Zurich. Read more »

U.S. Bank releases corporate payments mobile app for on-the-go account access

U.S. Bank Corporate Travel and Purchasing card clients can now retrieve account information on the go with the new U.S. Bank Access®Online Mobile app. A complement to Access Online, the bank’s exclusive data-management and reporting tool, the app provides real-time access to essential account information from virtually anywhere. It simplifies account management for the cardholder and reduces the burden on program administrators. Read more »

U.S. Bank releases corporate payments mobile app for on-the-go account access

U.S. Bank Corporate Travel and Purchasing card clients can now retrieve account information on the go with the new U.S. Bank Access®Online Mobile app. A complement to Access Online, the bank’s exclusive data-management and reporting tool, the app provides real-time access to essential account information from virtually anywhere. It simplifies account management for the cardholder and reduces the burden on program administrators. Read more »

AIM Software intensifies presence in North America

AIM Software, the leading independent provider of data management products to the financial industry, announced that it has strengthened its presence in North America and opened an additional office in New York based on three strategic hires. Read more »

ANZ appoints Mark Whelan as Managing Director Global Commercial Banking

ANZ has announced that Mark Whelan would join the Group Management Board taking on broader responsibilities as Managing Director Global Commercial Banking. Read more »

SWIFT India to reinforce partnership with internal financial community

SWIFT India Domestic Services ("SWIFT India") has announced that its shareholders and key foreign banks have agreed to enable the SWIFT India channel and use its domestic messaging services for the exchange of structured information across payments, cash management, trade finance, and corporate treasury markets. Read more »

Deutsche Borse partners with African Stock Exchange

African Stock Exchange (AFSX) plans to use the technology and support services of Deutsche Börse's Xetra trading venue. The AFSX is a start-up based in Mauritius with the objective of offering securities trading for the whole of Africa. Xetra trading participants will have easier access to the African financial markets in future through the Deutsche Börse infrastructure. Read more »

UNIGESTION selects AIM Software’s GAIN for its front-, middle- and back-office operations

AIM Software announces that UNIGESTION has selected specific AIM Business Applications to strengthen its front, middle and back office operations across its investment lines. "AIM was the only firm to actually address our needs over the complete lifecycle of financial instruments..." Read more »

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