Bravura Solutions Limited (Bravura), is pleased to announce that it has achieved the GoodAccreditation Standard for the third year running. The accolade is given by Goodacre UK, a leading specialist consultancy for the financial services industry. To attain the standard, Bravura had to meet the strict accreditation criteria, which validates the quality of its platform and transfer agency propositions.

Goodacre UK Managing Director Stephen Pinner said: “Each year we obtain feedback from system users and, based on these comments, award the GoodAccreditation standard. Bravura has received accreditation for the third year in a row, demonstrating a sound and consistent performance.”

“It is a great privilege to win an accreditation hat-trick,” said Bravura’s Chief Executive Officer Tony Klim. “The GoodAccreditation Standard recognises our continued commitment to our clients, and product R&D. It is reflective of the recent global success we have had with Sonata, our next generation platform technology.”

Tony added, “We’re pleased to have supported some of our clients for more than 30 years and are a trusted provider to many of the world’s leading financial institutions. This success is a credit to the dedication and expertise of our employees.” - See more at: http://www.financialit.net/news/view/bravura-solutions-celebrates-goodaccreditation-standard-hat-trick/23392#sthash.bXumAjIe.dpuf

On June 12 ARQA Technologies held its first workshop for clients and partners in London. The participants of the event represented over 10 international investment groups and specialized consulting agencies as well as the London Stock Exchange and MTF Turquoise.

The speakers from ARQA Technologies introduced the company and described functional capabilities of the QUIK trading platform emphasizing its risk management capabilities. In their presentations they demonstrated how QUIK is used to improve risk management by way of “FIX2LSE” fast pre-trade control solution as applied for the London Stock Exchange sponsored access trading. Other examples included collateral optimization approach for cross-margining operations as well as integration of QUIK’s risk management solution into any trading infrastructure by means of FIX protocol.

ARQA Technologies believes that such workshops (also called seminars) are beneficial for their clients. As a rule these seminars are designed so as to address actual needs and expectations of existing and potential clients. The largest event of this kind for a widest range of ARQA’s customers and partners is conducted annually in Moscow.

With the theme 'Make Sense of Risk', the 2015 ABA Risk Management Forum is scheduled to be held from April 15 to 17 at the Hyatt Regency, St. Louis, Missouri. This year's forum will cover the range of risk areas facing today's banks, including enterprise, operational, regulatory and security to understand key insights risk managers need to identify, monitor, measure and control risk across the banking enterprise. Featuring leading best practices and practical tools to make sense of risk landscape impacts banks, the forum is a must attend for risk professionals in banks and financial institutions.

At the forum, Fintellix will be showcasing its ALLL Manager product which is an integrated yet modular solution to measure, monitor, manage and report ALLL. With regulators having intensified their scrutiny of ALLL methodology by focussing on the entire process, right from classification and segmentation of the Loan Portfolio through to the final reporting, Fintellix ALLL Manager is by far the most agile and comprehensive tool available, that covers dynamic auditor and examiner requirements. Also, given the impending regulatory shift to the new Expected Loss Method (CECL Model) having added its own set of challenges, Fintellix ALLL Manager helps banks transition smoothly to the new methodology with features such as storing loan level data and running all calculations at the most granular level.

In addition to ALLL calculation, Fintellix also helps banks track and manage asset quality definitions with in-built features for early warning signals on asset deterioration. Moreover, Fintellix Cloud enables banks to reuse their data for portfolio and operational analytics as well.

Built by bankers, Fintellix ALLL Manager is a solution that is meant to be used by bankers with minimal dependency on IT. Featuring a straight-through process and incorporating all process-related requirements prescribed by regulators, Fintellix ALLL Manager is delivered on a flexible, future-proof, next generation Data Analytics platform. Fintellix ALLL Manager is now also available via the Fintellix Cloud, which besides reducing overall TCO also shrinks implementation timelines dramatically. Fintellix Cloud eliminates concerns around managing hardware and software, because the solution leverages the capabilities of a secure, shared infrastructure with a transparent exit strategy, automatic upgrades and scalability where banks pay as per usage.

The Fintellix ALLL Manager product is available direct from Fintellix and also via its partners in the US, i.e. La Meer Inc. and Business Intelligence LLC. As a special offering for ABA bank members, Fintellix will also be extending a limited period offer of a free proof of concept of the ALLL product during the forum.

• White Papers
• 06.04.2015 08:00 pm

Allowance for Loans and Lease Losses (ALLL) is one of the most critical calculations for a bank and ALLL adequacy will continue to be an area of debate, inspection and elucidation.

 Convergex, an agency-focused global brokerage and trading related services provider, today announced the appointment of Ann Neidenbach as its new Chief Information Officer (CIO). Ms. Neidenbach is a well-known technology expert with more than twenty-five years of experience in the global financial services industry. 
 
“The financial industry continues to evolve at a very rapid pace requiring firms like ours to constantly introduce innovative new products and services to clients,” said Eric Noll, Convergex president and chief executive officer. “I have great confidence in Ann’s ability to help us shape and execute on a technology vision that supports our agency-focused brokerage business.”
 
In her role as CIO, Ms. Neidenbach will be responsible for Convergex’s software development, information services, business processes and technical infrastructure. She will also be a member of the company’s Executive Committee contributing to business strategy.
 
Prior to joining Convergex, Ms. Neidenbach was Senior Vice President of Market Systems at Nasdaq. In this role she led a team of expert architects and engineers developing and delivering innovative electronic trading, clearing, market data and index solutions. Earlier in her career, when she was first at Nasdaq, Ms. Neidenbach held other senior positions including SVP Global Products and Services and COO/CIO of Nasdaq Europe. Prior to Nasdaq, Ms. Neidenbach held senior positions at Citi as Managing Director of Electronic Trading Technology where she was responsible for overseeing the technology for equity and options electronic execution, algorithmic trading and electronic market making and as Chief Operating Officer for Lava Trading.
 

Etrali Trading Solutions, the global compliance and unified communication services integrator for trading, has appointed new leadership in key European subsidiaries, to showcase global growth and support expansion plans across the region. Brad Gorton and Paul Klebinder have been appointed Managing Directors of the United Kingdom & Ireland, and France & Italy, respectively.
 
The new appointments come at a time of significant global growth for Etrali. 2015 will see Etrali focus on future growth and investment, servicing its customers with leading innovation in trading communications.  Gorton and Klebinder report directly to the CEO, Lionel Grosclaude, working as part of the Etrali global leadership team to support the company’s expansion, and meet the growing customer demand for compliance services across Europe.
 
Brad Gorton previously led the UK sales team at Etrali, and has been influential in successfully driving business development activity in the region. He joined Etrali in 2012 from Speakerbus, where he held several senior positions selling IP products from intercom to turrets. Brad was also responsible for overseeing all EMEA sales teams and the region’s channel partners as EMEA Sales Director.
 
Paul Klebinder brings over 20 years’ experience in international business management, business development and B2B IT and telecommunication services, to the Etrali presence in France and Italy. He previously co-founded and was CEO of Galigeo SAS (Business Intelligence and Dynamic Mapping), where he was instrumental in defining the company’s strategy and commercial policy, before joining Orange Business Services as GDF SUEZ & Suez Environment Global Account Manager, where he was responsible for a portfolio of over 1000 entities.
 
“Etrali operates in a rapidly changing market faced with pressures from regulation and complex technological challenges. Brad and Paul bring a deep understanding of our markets and services to their roles, which will be paramount as we manage the flow of customer demand for unified compliance and communications systems, in some of our key operating markets. They will be influential in supporting these regions as well as the global drive for future growth and expansion. 2015 is an exciting year as we celebrate our 50th anniversary, and we are delighted to welcome Brad and Paul to the Etrali leadership team, as we strengthen our position in Europe and globally,” said Lionel Grosclaude, CEO at Etrali.
 
Etrali Trading Solutions offers an integrated portfolio of unified trading communications, compliance and services, and a trusted dedicated network and cloud offering. With advanced analytics features to drive efficiency in trading and business strategies, Etrali is best placed to help firms turn the challenge of compliance into competitive advantage. 

 At the annual FStech Awards, held on 26 March 2015, Misys, the leading financial software company, picked up three awards across risk management, trading systems and online technology. The FStech Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector.
 
Misys FusionRisk was voted as winner in the ‘Risk Management Software of the Year’ category. Winning this award previously in 2013, FusionRisk is Misys’ strategic risk management solution that allows banks to build their risk intelligence across the trading and banking books. This allows banks to consolidate, analyse and report risk when and where it matters, across all business lines.
 
In the ‘Online Technology Provider of the Year’ category, Misys was recognised for its FusionBanking Essence Personal Financial Management (PFM) offering. PFM is an online tool that enables banks to create differentiation in a crowded market, to engage and to better understand their customers’ financial needs and aspirations. It provides easy-to-understand data visualisations, customisable user interfaces and captivating functionality – built on the latest technology and highest security standards.
 
Finally, Misys won the ‘Best Trading System’ category for its FusionCapital product. This brings together Misys’ core trading systems with cloud-based global components to offer business-wide, cross-silo solutions in a single state-of-the-art architecture, with seamless front-to-back trade processing, unsurpassed cross-asset coverage and enterprise-wide consistency. 
 
The Misys Fusion architecture creates an integrated platform that drives performance, growth and innovation. Misys is continuing to invest in its solutions and currently has over 2,000 employees working in R&D.
 
“We’re delighted to be recognised with three key financial technology awards from FStech”, said Nadeem Syed, CEO, Misys. “It’s fantastic to see the new product approach under the Fusion architecture receiving such positive feedback from the industry. There has been impressive growth while integrating and innovating our Fusion portfolio to deliver market leading solutions, and winning these awards is testament to the hard work from our employees to make this happen.”
 
As part of the FStech Awards submission process, entries are reviewed by an expert panel of judges from across the financial services sector.