SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that JLL has selected SS&C's Precision LM™ commercial/multifamily loan management solution to support its agency lending operations.

In August 2015, JLL acquired Oak Grove Capital, one of the nation's longest-standing providers of debt financing for multifamily and seniors housing real estate. Precision LM will provide JLL with a single cloud platform to handle the full loan lifecycle, including loan origination, underwriting, asset management and servicing, as well as borrower self-service, investor reporting, and workflow automation.

Following an extensive due diligence process, JLL chose SS&C Precision LM in order to standardize its processes on a single platform, enabling the company to improve operational efficiency and control. In addition, Precision LM's highly flexible and configurable design will allow each end user to have their own customized view of the system. The flexible design will also allow JLL to integrate the platform with other internal systems and third-party applications.

"We were impressed by SS&C's software and development expertise and focus, as well as its commitment to working with us to advance Precision LM as feature-rich Agency platform," said Mike Rulf, Managing Director with JLL's Capital Markets. "Precision LM is highly flexible and extensible, and we liked the simplicity and efficiency of having one end-to-end system that could support a broad range of commercial loan products in addition to multifamily. We are confident SS&C and Precision LM will continue to meet our evolving business and regulatory requirements."

SS&C Precision LM is a fully integrated system that supports all commercial/multifamily loan origination, servicing, and accounting. A single point of entry increases efficiency by eliminating redundant data, reducing errors, and lowering maintenance and operating costs. A centralized loan portfolio enables users to maintain a detailed loan history and audit trail and generate comprehensive loan portfolio reporting. Precision LM also provides the ability to measure risk and exposure with proactive, integrated portfolio analytics and executive dashboards.

"SS&C is focused on developing and supporting loan software that is highly responsive to current industry requirements," said J. Timothy Reilly, SS&C's Senior Vice President and General Manager, Institutional and Investment Management. "We are nimble and aligned with our clients, and a strategic partner for companies like JLL. SS&C is committed to the Agency Lending space, and partnering with customers to deliver a world-class system that sets the industry standard."

Digital money transfer service WorldRemit and global money transfer brand Xpress Money have partnered to open up new remittance routes to Indonesia, expected to further support the growing demand for instant remittances in the country.

Through Xpress Money’s extensive agent partner network, WorldRemit customers will be able to make secure, instant money transfers to be collected at over 11,000 cash pickup locations at Bank Rakyat branches, one of the largest banks in the country. For a detailed list of all pick up locations in Indonesia please visit the WorldRemit website.

Remittances play an important role in Indonesia’s economy – the country received almost $10 billion in remittances in 2015 according to the World Bank.

With the WorldRemit app or website, customers send more than 500,000 transfers every month to more than 125 destinations. WorldRemit, known as the ‘WhatsApp of money’, makes sending a remittance as easy as sending an instant message.

Xpress Money is one of the fastest growing instant money transfer companies, present in 160 countries through 180, 000 cash payout locations across the globe. It has regional offices in 25 countries including UK, USA, Canada, Australia, Hong Kong, Philippines, United Arab Emirates and India, amongst others. Xpress Money offers convenient services to its customers globally, which include Cash Payouts, Account Credits, Remit Card or ATM, Mobile Wallets and Door Delivery Services.

Ismail Ahmed, founder and CEO at WorldRemit, comments: “We want to offer our customers the widest and most convenient choice of payout options. Xpress Money is a trusted and dependable money transfer brand with a fantastic network of agents across the world. Our partnership will extend our footprint into new territories and will enable even more people to make secure, instant money transfers.”

Sudhesh Giriyan, COO at Xpress Money added, “Customer convenience ranks high on our list of priorities; through this partnership with WorldRemit we are elevating that level of our customers’ convenience as they can now send money at their fingertips, whenever they want, through the WorldRemit app or website. It is ideal to have partnered with a like- minded brand as WorldRemit, that is also working towards a similar objective that benefits the end customer. The remittance industry is at a juncture where is it necessary for brands to collaborate for the sake of the industry at large. We are happy to be setting the right example and hope for other brands to follow suit.” 

IBM (NYSE: IBM) today announced that Japan-based APLUS Co., Ltd., which operates credit card and settlement service businesses, has selected IBM LinuxONE® as its mission-critical system for credit card payment processing.

EverSec, a leading cybersecurity advisory group, has chosen Covertix technology to protect its customers’ information.

Covertix technology provides full information protection for secure collaboration and data security. It discovers corporate IP no matter its location – onsite, cloud, device, or partners’ networks, while dynamic, automatic, and manual context-driven classification protects information and access in real time.

EverSec Group is the trusted security advisor to over 200 clients, including CISOs many the world’s largest brand names. EverSec supports the network/infrastructure security, cyber, IR, infosec, and security operations center teams across those customers, to ensure their targeted environments are kept safe. 

“Covertix technology complements our solution recommendations,” says Stephen Harrison, CEO of EverSec. “Our main role is to protect our customers’ data, and Covertix helps make it happen, wherever that data resides.”

The Covertix solution delivers complete visibility, monitoring who did what, when, where, and how to corporate information, as it travels. It fortifies information access control with complete confidence, ensuring only the data owner determines who holds the key. The full reporting capabilities demonstrate compliance to myriad regulatory requirements.

“Partnering with EverSec strengthens our long-time U.S. presence by providing another channel of implementation and support,” says Yoran Sirkis, Covertix CEO. “EverSec and Covertix will be working together to strengthen data protection, which is especially critical as not only threats increase but also as the regulatory environment focuses more strongly on security, as reflected in the discussions about the potential new rules in New York, as well as in the EU with GDPR.”
 

Vermilion Software, the leading supplier of client reporting and communications software, today announces that it has won the client reporting category at the Buy-Side Technology awards for thethird year  in a row.

Vermilion collected the honour for ‘Best buy-side client reporting platform 2016’ at a gala ceremony held at May Fair Hotel in London, hosted by investment management publishers Incisive Media.

“Winning the best client reporting platform award for three straight years is a proud moment for our Development team,” said Simon Cornwell, Global Sales and Marketing Director at Vermilion Software. “The award reflects our dominant position in the global client reporting marketplace.”

Earlier in the same week, Vermilion made history in becoming the first client reporting vendor to win the ‘European Operations & Technology Provider of the Year – Back and Middle Office’ category at the Funds Europe awards for two years in succession.

 Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Green Country Federal Credit Union, based in Sand Springs, Oklahoma, has selected Fiserv as their technology partner as they work to drive progressive growth. The credit union will move to the Portico^® core account processing platform with integrated digital and mobile banking solutions, and add enhanced functionality for commercial lending. Green Country is transferring its technology from an array of providers to Fiserv, and is the first U.S. credit union to integrate a commercial lending module into Portico.

“After thoroughly reviewing the competitive landscape, we decided that Fiserv was the clear leader in financial technology, and we are confident that our Portico solution suite can help us be more efficient and ultimately grow,” said Brandon Grell, president and CEO, Green Country FCU. “We are excited to be the first credit union to integrate commercial lending technology directly into Portico. This is a major benefit for our members and loan officers, and it will enable us to continuously expand our commercial loan portfolio.”

The software-as-a-service (SaaS) suite selected by Green Country includes Virtual Branch^® for online banking with enhanced bill pay, Mobiliti™ for mobile banking, Mobile Source Capture™ for mobile deposits, Loancierge^® for lending automation, Wisdom™ for accounting and call report management, WireXchange^® for wire transfers, Teller Source Capture™ for front-line automation, and solutions for commercial lending, card processing, statements, and web signatures. In addition, Green Country will engage Raddon℠ for strategic consulting services.

“When a credit union streamlines its technology with one provider, the leadership team needs to be certain that their technology partner will provide them with leading-edge innovation and a genuine commitment to the success of the credit union,” said Ryon Packer, senior vice president, product management, Credit Union Solutions, Fiserv. “We are honored that Green Country has selected Fiserv to help the credit union grow their presence throughout local communities. Members will have access to enhanced digital and mobile services, and more convenient lending processes.”

Green Country was established in 1970, and has approximately $60 million in assets and more than 8,300 members. The credit union’s members consist of those who live, work, worship, attend school or are affiliated with Select Employee Groups in the Tulsa metropolitan statistical area. As the leading provider of member business loans by assets in Oklahoma, Green Country currently services more than $10 million of commercial assets in its lending portfolio.

Fiserv is the U.S. market leader in account processing services, and more than one-third of U.S. financial institutions rely on Fiserv for account processing solutions and expertise. Portico is built on a service-oriented, open architecture framework, which enables credit unions to integrate solutions from Fiserv and other vendors with greater ease and speed.

In a world that is moving faster than ever before, Fiserv helps clients deliver solutions that are in step with the way people live and work today – financial services at the speed of life. Learn more at TheSpeedofLife.com.

KyribaCorp, the global leader in cloud-based treasury, cash and risk management solutions,t oday announced Mitsubishi UFJ Capital, a Tokyo-based venture capital firm specializing  in electronics,healthcare, and technology investments, has joined Kyriba’s Series D funding round.

Leading the Japanese market in cloud-based financial solutions, Kyriba has more than 50 clients in Japan, including marquee clients Konica Minolta, Nissin Foods, and Suntory.

President, Muneki Handa of Mitsubishi UFJ Capital, said: “We have invested in Kyriba who have built a scalable cloud-based platform with deeply integrated bank connectivity, payments, risk management and supply chain finance. This architecture is a key differentiator for Japanese and world-wide organizations, and drives strategic advantages for organizations using Kyriba’s solution.”

Chairman and CEO Jean-Luc Robert of Kyriba, said: “The investment from Mitsubishi UFJ Capital adds to our strong balance sheet, and accelerates development in Kyriba’s finance technology solutions. We will further enhance our Client Success services as we reinforce our market leadership in Japan.”

Mitsubishi UFJ joins a distinguished list of existing Kyriba Corp. investors: BPIfrance, HSBC, BREDBanque Populaire, Daher Capital, Iris Capital and Upfront Ventures.

AxiomSL, the global leader in regulatory reporting, data and risk management solutions, announced the appointment of Olivier Kamoun as the company’s global Chief Product Officer. This appointment highlights the company’s focus and investment in developing innovative solutions to address the ever changing regulatory and compliance reporting landscape.

In his role, Olivier will be responsible for driving the overall product innovation and strategy of AxiomSL’s solution suite. “Olivier is a proven strategist with an excellent understanding of today’s constantly evolving, technology-driven marketplace. Our goal is to continue to provide greater value for our customers by driving further innovation with new products and standardisation in our existing core offerings.” said Alex Tsigutkin, AxiomSL CEO. “Throughout his career, Olivier has been a visionary and an accomplished leader. In his previous position as AxiomSL Asia Pacific (APAC) CEO, Olivier had been instrumental in setting up our operations and I believe his intimate involvement with both the global product development and sales teams have provided him up with a solid foundation to tackle this new role.”

For the past 5 years, Olivier has successfully led the development of AxiomSL’s presence in APAC which has progressed from a start-up to multi-country  regional presence. AxiomSL's award winning platform is now being used to deliver numerous multi-country regulatory compliance and risk management solutions across the region. Previously, Olivier was the founder of a trading and market risk consultancy and also the founder of a hedge fund focused on commodities, currencies and interest rate derivatives.

“I am honored and excited to take this position. In this dynamic business environment where rules are becoming more complex and time critical projects involving data management, finance, risk management and new regulatory regimes are increasing, it is critical to deliver a state of the art technology-led transformation strategy.  I am a true believer that technology solutions should adapt seamlessly to customer’s demands as senior management needs to act quickly to the constant state of change.” said Olivier Kamoun.

• 19.12.2016 -- 12:05 pm

Darren Collins, Global Director, Banking and Insurance Industry Team, Lexmark  speaks about client onboarding services and digital transformation.