Finma Awards Multilateral Trading Facility Status to SIX Securities Platform
- 9 years 4 months ago
- Trading Systems, Infrastructure
FINMA granted the request submitted by SIX for the CO:RE trading platform to be recognized as a multilateral trading facility. This represents a further milestone for SIX in its implementation of the regulatory requirements relating to the Swiss value chain with a view to making it easier for international participants to enter the market.
IHS Markit enhances KY3P platform by adding risk scoring and remediation
- 9 years 4 months ago
- Risk Management, Infrastructure
Today IHS Markit, a global leader in critical information, analytics and solutions, announced the addition of new functions to its Know Your Third Party Risk Management platform (KY3P) to further develop its rapidly growing customer base.
BM&FBovespa and Cetip Merge to form B3
- 9 years 4 months ago
- Infrastructure, M&A Deals
Today B3 is born to provide the best financial market infrastructure that is complemented by a wide range of products and services. It results from alliance of BM&FBOVESPA, one of the largest exchanges in the world in terms of market capitalization, and CETIP, the largest depository for private sector debt securities in Latin America. Together, BM&FBOVESPA and CETIP become a company that is far more than the sum of its parts, with...
Citibank to repay $5 million for inability to disclose A$ international transaction fees
- 9 years 4 months ago
- Credit Cards, Banking
Citigroup Pty Limited has to pay approximately $5 million to around 230,000 customers, for failing to properly disclose that credit card international transaction fees apply to Australian dollar transactions where the merchant uses an entity based overseas to process its transactions.
ATB Financial Unveils Customer Onboarding Innovation Challenge
- 9 years 4 months ago
- Infrastructure
ATB Financial has joined forces with KPMG in Canada and global fintech matchmaking firm, Matchi to run a Customer Onboarding Innovation Challenge that aims to reimagine customer onboarding and management through collaboration with fintech firms.
Otherwise Raises €1.6 Million to Boost Growth
- 9 years 4 months ago
- Platform Technology, Insurance
Otherwise, France’s first peer-to-peer insurance platform, renovates insurance, followed by launches of the first P2P health insurance product digital, fair and community-driven.
Custom Connect Launches CC Insight For In-depth Network Intelligence
- 9 years 4 months ago
- Cloud
Custom Connect, one of the world’s few independent carrier neutral connectivity providers, is going beyond industry standards to offer global enterprises greater insight into their far-reaching networks and business-critical applications. CC Insight launched today at the Connecting the Cloud event, an Industry get together for leading players in the European cloud arena, organised by Custom Connect in cooperation with Equinix, Fuze, Huawei,...
Dominance of AI and IoT in InsurTech Startup Funding
- 9 years 4 months ago
- IT Innovations, Insurance
As new Accenture research demostartes Artificial intelligence (AI) and the internet of things (IoT) now comprise almost half of total investment in insurance technology (insurtech) startups worldwide. The research, which includes new analysis of CB Insights data on 450 insurtech deals over the last three years, appears in a new Accenture report titled “The Rise of InsurTech.” The report was released today in conjunction with Accenture’s Fintech...
Basel Committee:To- big-to-fail banks rapped for lax risk practices
- 9 years 4 months ago
- Banking
Today the Basel Committee on Banking Supervision unveiled its latest progress report on banks' implementation of the Principles for effective risk data aggregation and reporting.
Wells Fargo Adds Axis Bank to ExpressSend Remittance Network in India
- 9 years 4 months ago
- ATMs
Wells Fargo & Company (NYSE: WFC) announced today that it has added more than 2,500 Axis Bank locations to its ExpressSend® remittance payout network in India, bringing the total number of locations in that country to more than 8,300, in addition to nearly 35,000 ATMs. Wells Fargo also announced that beginning April 8, 2017, it will offer a $0 transfer fee for all ExpressSend transactions sent to India, extending pricing that was previously...
Harbortouch POS Firm Launches Product Development Unit in Lithuania
- 9 years 4 months ago
- Payments, People Moves
Harbortouch, a market leader in point-of-sale (POS) payment solutions, is setting up a product development division in Lithuania. The division, which will be the company’s first outside the US, is expected to employ approximately 60 IT specialists.
Valley National Bank Taps nCino to Streamline Commercial Lending
- 9 years 4 months ago
- Banking
nCino, the worldwide leader in cloud banking, today announced that $23 billion-asset Valley National Bank has selected its Bank Operating System to boost efficiency and enhance communication across the commercial loan process.
ITG colaborates with Commcise for MiFID II research
- 9 years 4 months ago
- Payments
Today Commcise, the eminent provider of integrated commission management solutions for investment management firms, and ITG, a major independent broker and financial technology provider, reported that their research payment and management technology solutions have been integrated to provide a seamless end-to-end MiFID II research solution.
Mastercard Appoints Erika Brown Lee as Assistant General Counsel for Privacy and Data Protection
- 9 years 4 months ago
- People Moves
Today Mastercard announced that Erika Brown Lee has joined the company this month as senior vice president and assistant general counsel for privacy and data protection. Brown Lee will report to JoAnn Stonier, the company’s chief information governance and privacy officer. She will lead the team that provides advice for and ensures compliance with privacy and data protection laws across the company’s products and services. Brown Lee will also...
Clearwater International's TMT Sector Comments on Market shake up over the next couple of years
- 9 years 4 months ago
- Infrastructure
Whilst the major headlines in the telecommunications market have been reserved for B2C mega deals such as BT’s acquisition of EE for €14.5bn, it is in the B2B market where the volume of the M&A activity reshaping the sector is really taking place.
