Global banking sector saves half billion pounds with operations performance management
- 9 years 7 months ago
- Banking
Banks have reclaimed over forty million hours of valuable working capacity that would otherwise have been lost or not used effectively, new figures from the specialist operations performance management firm ActiveOps have revealed. In its ten years working with a growing number of banks around the world, this has resulted in cost savings of over £500m through improved operations productivity while allowing banks to improve customer experience.
Asset managers choose Markit to support fund launches
- 9 years 7 months ago
Markit (Nasdaq: MRKT), a leading global diversified provider of financial information services, today announced the launch of its Request for Amendment (RFA) service, available through Counterparty Manager and kyc.com. Working with three of the largest asset management firms including AB (formerly AllianceBernstein), RFA centralises and automates legal onboarding when adding accounts to existing master trading and custody account agreements.
SEB Implements Axioma Risk As Its Global Enterprise-Wide Risk Management Platform
- 9 years 7 months ago
- Risk Management
Axioma announced today that Skandinaviska Enskilda Banken AB (SEB), one of the largest financial institutions in northern Europe with more than €180 billion in assets under management, has completed the implementation of Axioma Risk, the innovative multi-asset class risk-management platform launched by Axioma in 2013.
Intelliflo unites with leading FinTech companies to support UK open API standard
- 9 years 7 months ago
- Infrastructure
Intelliflo has welcomed the UK government’s commitment to deliver an open Application Program Interface (API) standard that will enable consumers to access apps that bring together financial data across a range of products and from different product providers. The government published its commitment in the July 2015 budget:
Axiom Announced the Appointment of Mathew Keshav Lewis As the Co-Head of its Global Banking Practice
- 9 years 7 months ago
- People Moves
Axiom, a leading provider of technology-enabled legal services, today announced that Mathew Keshav Lewis has joined the firm as the Co-Head of its Global Banking Practice.
FIS To Agree $9.1 billion SunGard Deal
- 9 years 7 months ago
- M&A Deals
FIS has signed a definitive agreement to acquire Sungard for $9.1 billion in a cash and stock deal, creating a fintech powerhouse covering the full spectrum of banking and capital markets services. Private equity-owned SunGard filed for an IPO in June, having appointed financial advisors to explore its options in April following an approach from an unidentified third party. At the time, SunGard's owners had hung a $10 billion price tag on the...
Bromium Black Hat Survey: Endpoint Risk Five Times Greater Than Network or Cloud
- 9 years 7 months ago
- Security
Bromium®, Inc., the pioneer of threat isolation to prevent data breaches, today announced the publication of “Black Hat 2015: State of Security,” a survey of more than 100 information security professionals conducted at the Black Hat Conference 2015.
Geoswift Joins Forces with UnionPay International and Western Union Business Solutions to Offer Tuition Payment Promotion
- 9 years 7 months ago
- Payments
Geoswift, Western Union Business Solutions, a subsidiary of The Western Union Company, and UnionPay International today announced a promotion where UnionPay will pay for medical insurance coverage for eligible students that process tuition payments through their payment network.
Japan Post Bank chooses Earthport Payment Network to provide cross-border services for its customers
- 9 years 8 months ago
- Payments
Earthport (AIM: EPO), the leading payment network for cross border transactions, announces an agreement to enable cross-border services for Japan Post Bank, Japan’s largest retail bank in terms of deposits. The first of its kind, this partnership will enable the bank to provide improved customer experience and reach for cross border consumer remittances.
WorldRemit Introduces Mobile Money Transfers to Burundi
- 9 years 8 months ago
- Payments
Online money transfer service WorldRemit today launches instant Mobile Money transfers to Burundi, the first remittance service to do so. Customers in 50 countries can now send money direct to EcoCash mobile wallets – just like an instant message. WorldRemit’s mobile-to-mobile remittance service already enables people to send funds direct to Mobile Money wallets in countries across Africa, Asia and Oceania. Now the 350,000 Burundians who live...
Confluence Fortifies Its European Expansion with New Addition to its London Performance Analytics Team
- 9 years 8 months ago
- Investment, Data
Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting, continues its expansion in Europe with a new addition to its London office: Katie Kiss takes the position of Director of Performance Analytics.
Calypso Appoints Chief Product Officer
- 9 years 8 months ago
- People Moves
Calypso Technology, Inc., the standard for treasury and capital markets software, has appointed Pedro Porfirio as Senior Vice President, Chief Product Officer. In this role, Porfirio will be responsible for overall product strategy, driving product development and innovation across Calypso's solutions.
UK Pension Administrator Deploys Eagle to Deliver Data Quality and Transparency
- 9 years 8 months ago
- Data
Eagle Investment Systems LLC (Eagle), a BNY Mellon company and leading provider of financial services technology, today announced that RPMI Railpen, a leading pension provider in the UK, has deployed Eagle’s enterprise data management solution, using Eagle ACCESS(SM), Eagle’s secure private cloud.
Optimal Payments to Complete the Acquisition of the Skrill Group
- 9 years 8 months ago
- M&A Deals
The acquisition, for approximately €1.1 billion (US$ 1.2 billion), will create a leading payment and e-wallet provider with significant international scale and reach, and a product portfolio that includes Skrill, paysafecard, Payolution, NETELLER®, Net+® NETBANX® and FANS Entertainment.
Atom Bank To Contract With Iress
- 9 years 8 months ago
- Banking, Infrastructure
UK startup Atom Bank is to be the first client for a re-engineered mortgage origination platform designed to meet the needs of digital challenger banks by Iress
