ICBC Singapore Opts for Thomson Reuters Electronic Trading
- 8 years 11 months ago
- Trading Systems
Industrial and Commercial Bank of China Limited (ICBC) Singapore Branch has adopted Thomson Reuters FX e-commerce solution Electronic Trading to strengthen its presence in the foreign exchange market. ICBC is the first Chinese bank to adopt this next generation solution from Thomson Reuters.
Thomson Reuters Named Benchmark Administrator & Calculation Agent for the Saudi Arabian Interbank Offer Rate
- 8 years 11 months ago
- Infrastructure
Thomson Reuters announced today that it was selected as benchmark administrator and calculation agent for the Saudi Arabian Interbank Offer Rate (SAIBOR). The appointment is part of an agreement with the Saudi Arabian banking industry. The arrangement is authorised by the Saudi Arabian Monetary Authority (SAMA), as part of its regulatory mandate over the banking sector, where this initiative will enhance the governance process for setting SAIBOR...
Energy Federal Credit Union to Merge with PenFed
- 8 years 11 months ago
- M&A Deals
By an overwhelming margin, members of Energy Federal Credit Union of Rockville, Md., voted to merge with America's second-largest federal credit union, PenFed Credit Union of Tysons, Va.
ICAP Names Stuart Connolly As Head of Client Product Development for Post Trade Risk and Information
- 8 years 11 months ago
- People Moves
ICAP, a leading markets operator and provider of post trade risk mitigation and information services, announces today that it has appointed Stuart Connolly as Head of Client Product Development for its Post Trade Risk and Information (PTRI) division, effective Monday 21 November. In this newly created role, Stuart will report to Jenny Knott, Chief Executive Officer for PTRI, and will be based in London.
ICCREA Banca Taps Misys to Boost Transformation and Innovation Across its Trading Business
- 8 years 11 months ago
- Trading Systems, Risk Management
ICCREA Banca, a holding of the Iccrea Banking Group, has selected Misys FusionCapital to drive transformation and innovation across its Italian trading business. This new project provides front office and consolidated post-trade processes to improve straight through processing (STP) and improve risk management. Under the agreement, ICCREA Banca expects to reduce operating costs by €5 million over 10 years. The bank will also be able to extend...
China Renaissance Goes Live with Fidessa’s Asian Trading Platform
- 8 years 11 months ago
- Trading Systems
Fidessa group plc has today announced that China Renaissance, one of the leading investment banking, securities and investment management firms in China, has implemented Fidessa’s Asian trading platform to support the expansion of its equities business across Asia with a centralised order management and execution system.
OpenLink Enhances Energy Trading Risk Management System at Mabanaft
- 8 years 11 months ago
- Trading Systems, Risk Management
OpenLink, the global leader in trading, treasury and risk management solutions for the energy, commodities, corporate and financial services industries, today announced the completion of a major upgrade of its energy trading risk management system at Mabanaft Ltd. The project was delivered on time and within budget, and will significantly reduce costs, increase automation and give Mabanaft Ltd greater granularity and control of its risk data.
Lipis Advisors Research Reveals Lower Cost of Instant Payments Implementation is Opening the Market for Small and Mid-Sized Banks
- 8 years 11 months ago
- Payments
A new study by Lipis Advisors, experts in real-time payments, has found that the cost of migrating to Instant Payments infrastructure for small and medium sized banks is far lower and more controllable than previously thought. This revelation suggests that smaller banks are actually better positioned to respond to regulatory and consumer pressures for Instant Payments, and that real time banking doesn’t need to be the preserve of large, well-...
SWIFT’s KYC Registry Crosses 3,000-Member Milestone
- 8 years 11 months ago
- AML and KYC
More than 3,000 financial institutions have signed up to use The Know Your Customer (KYC) Registry, SWIFT’s centralised repository that maintains a standardised set of information about financial institutions required for KYC compliance. Launched in December 2014, The Registry provides a secure, cost-effective KYC solution that enables banks, fund distributors and custodians to maintain and grow their correspondent network. As an industry...
Metro Bank Unveils New Commercial Internet Banking Platform Developed by Backbase
- 8 years 11 months ago
- Banking
As part of their commitment to provide consumers with innovative offerings and customer-centric banking experiences, today, Metro Bank announces the launch of its new commercial internet banking platform - marking yet another disruptive step for the challenger bank. Since its initial launch in 2010, Metro Bank has demonstrated an innovative, customer-focused approach that has scored its success as a true challenger - being the first new high...
Elavon and System Innovators Partner to Protect Government Payment Data
- 8 years 11 months ago
- Payments, Security, Data
Elavon, a leading global payments provider and subsidiary of U.S. Bancorp, and Systems Innovators, a leading enterprise revenue management and centralized cashiering provider, have teamed up with government agencies to deploy a payment system that helps protect citizens’ information, helps prevent fraud and provides industry-compliant EMV technology.
Allied Minds Forms Vatic Materials, Inc.
- 8 years 11 months ago
- Infrastructure
Allied Minds, an innovative U.S. science and technology development and commercialization company, announced the formation of a new subsidiary, Vatic Materials, Inc., which has entered into an exclusive option to license certain proprietary technology from The Pennsylvania State University (Penn State).
Martin Persson Named New Head of Wholesale Banking at Nordea
- 8 years 11 months ago
- People Moves
Martin Perssonn is appointed new Head of Wholesale Banking and member of Group Executive Management. Martin Persson has held the position as Co-Head of Markets Equities since he joined Nordea in 2012. - I am happy that Martin Persson has accepted the position as Head of Wholesale Banking. He has extensive experience and a strong track record coming from a position as Head of Markets Equities. He is value-driven and known for his team-player...
Gemalto Reveals Enhanced Version of its LinqUs On-Demand Connectivity Platform
- 8 years 11 months ago
- Security and Compliance
Gemalto the world leader in digital security, has introduced an enhanced version of its LinqUs On-Demand Connectivity Platform that is fully compliant with the latest update to the GSMA Consumer Remote SIM Provisioning Specification. As a result it enables device makers and mobile operators to provide subscribers with out-of-the-box connectivity for any type of consumer device fitted with an eSIM (embedded SIM), including smartphones, tablets...
GTX Appoints Edward Brown to Run Swap Execution Facility
- 8 years 11 months ago
- People Moves
GTX, the institutional foreign exchange trading arm of GAIN Capital Holdings Inc., today announces the appointment of Edward Brown as Chief Executive Officer (CEO) of GTX SEF, LLC, a Swap Execution Facility (SEF).
