News

RMB Announced #1 In Asia Pacific For Payments With Greater China

SWIFT’s RMB Tracker shows that the value in weight of the RMB used for payments exchanged with China and Hong Kong within Asia Pacific increased by 327% between April 2012 and April 2015. During this three year period, the Chinese currency moved from position number five to the top currency used in Asia Pacific to do business with Greater China. Read more »

Canadian Uni Installs Bitcoin ATMs For Future of Fintech

A Canadian university is installing bitcoin ATMs across campus, and will accept the digital currency for the purchase of text books, in an effort to stimulate discussion about the future of money and innovation in financial services. Bookstores at each of Simon Fraser University's three campuses in Vancouver, Burnaby, and Surrey, will now accept bitcoin for the payment of retail transactions, and virtual currency machines will be installed in... Read more »

Mobile Banking Leads Financial Liberation in Eastern Europe

The increasingly mobile-centric lifestyle of many Europeans can largely be attributed to the increase and success of mobile channel initiatives focused on providing cheaper, more convenient services. Although still playing catch up to Western Europe, mobile subscribers in the Central and Eastern European (CEE) region are increasingly reliant on their mobile devices and smartphone adoption is increasing. Read more »

Misys Unlocks The Potential Of Bank Data With New In-Memory Analytics Engine

Misys, the leading financial software company, has launched an in-memory analytics engine, FusionBanking Insight, integrated with its next-generation core banking solution, FusionBanking Essence. Read more »

SunGard Awarded FTF News Technology Innovation Awards for Collateral Management and Corporate Actions

SunGard has been named “Best Collateral Management Solution” and “Best Corporate Actions Processing Solution” in the FTF News Technology Innovation Awards 2015. SunGard is also an FTF Gold Standard Award recipient in the “Best New Post-Trade Solution for the Buy-Side” category. Read more »

CBA Will Test Ripple For Intra-bank Transfers

Commonwealth Bank of Australia is to begin testing technology from Ripple Labs to transfer funds between its subsidiaries. Ripple is bidding to work with international banks to rewire the international money transfer business through the fast and frictionless exchange of its digital currency tokens in exchange for fiat currency, effectively upending traditional banking payments channels by creating a fiction-free standard for instantaneous funds... Read more »

Hong Kong hedge fund embraces SimCorp’s front office

SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that LIM AdvisorsLimited, a Hong Kong based fund manager, has signed a milestone agreement to utilize SimCorp Dimension for a full front, middle and back office platform. Read more »

‘Global FATCA’ Clock Begins Ticking For Fund Management Industry, Warns Linedata

When the FATCA returns and listing deadline of 1st June ends, financial institutions must quickly turn their attention to even more expensive and burdensome regulations. Justin Hayes, product manager at Linedata, the leading international software and solutions provider, outlines the impact the OECD Common Reporting Standards, dubbed ‘Global FATCA’, will have on the industry.  Read more »

Five FinTech start-ups make it to the Payments Dragons' Den final at PayExpo 2015

Five exciting new payment start-ups have reached the final for the 2015 Dragons' Den contest at PayExpo. The highly anticipated competition, which received record entries this year, is the ideal platform for emerging companies looking to present their innovative ideas and game-changing payments technologies to a global market. The 2015 Payments Dragons' Den finalists are: xWare42 - a software developer whose core product, xPay, allows banks to... Read more »

Isbank Germany Licenses Surecomp’s DOKA 5 Trade Finance Solution

Surecomp®, the leading global provider of trade finance solutions for banks and corporations, announced today that Isbank AG, the European arm of Turkey’s leading bank Türkiye Is Bankasi A.S., has licensed Surecomp’s state-of-the-art DOKA 5® trade finance system. A configurable bank back-office solution, DOKA 5 leverages Surecomp’s decades of experience providing proven trade finance systems to banks and corporations worldwide. Read more »

Gunvor Singapore Closes Asian RCF Oversubscribed at USD 911.7 Million

Gunvor Singapore Pte Ltd (the "Borrower"), a wholly-owned subsidiary of Gunvor Group Ltd ("Gunvor Group"), has signed a USD 911.7 million syndicated revolving credit facility (the "Facility"). Initially launched at USD 550 million, the Facility was well received by the banking community and was oversubscribed by 65%. As a result, the Facility was increased and an accordion feature has been opened to accommodate additional participation. Read more »

Wolters Kluwer Announces New Leader For UK Tax and Accounting software business

Today Wolters Kluwer announces that Claire Carter has joined as UK Managing Director for its Tax and Accounting software business. Claire joins from Sage Software where she was formerly Managing Director of its Accountants Division for the UK and Ireland delivering Cloud and on premise solutions to accountants. Before that, Claire worked for Morgan Stanley and Alliance & Leicester in senior commercial roles. Read more »

Partech Ventures Invests €10MM Financing Round For Kantox

Partech Ventures today announced that it has co-led a new €10MM financing round in Kantox,  the pioneer in foreign exchange services for SMEs and mid-cap companies. “With our 2nd significant investment in 18 months, Partech Ventures reaffirms its full commitment to Kantox” explained Philippe Collombel, Managing Partner at Partech Ventures and Kantox board member. Read more »

Thomson Reuters Named Best Multibank and Independent Platform in Euromoney FX Poll for 13th Year

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that its dealer-to-customer trading venue, FXall, has again been named “Best multibank and independent platform” in this year’s Euromoney Foreign Exchange Survey for the 13th consecutive year. Euromoney’s annual quantitative and qualitative study of the FX markets is the result of a poll of more than 14,000 FX market... Read more »

BasisCode Compliance Named WealthManagement.com 2015 Industry Awards finalist

BasisCode Compliance, provider of the industry’s broadest integrated compliance software for asset managers, advisors and other financial services firms, has been named a finalist in the compliance technology category of WealthManagement.com's 2015 Industry Awards, the first program to honor outstanding achievements by companies that help advisors better manage their businesses through innovation, enhanced service quality or an enriched advisor/... Read more »

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