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RMB Now the Top Currency in APAC for Payments with China - 27 May 2015

SWIFT data shows that the value in weight of the renminbi (RMB) used for payments exchanged with China and Hong Kong within Asia-Pacific increased by 327% between April 2012 and April 2015. During this three-year period, the Chinese currency moved from position number five to the top currency used in Asia-Pacific to do business with Greater China ...

Isbank Germany Licenses Surecomp’s Trade Finance System - 27 May 2015

Surecomp, a global provider of trade finance solutions for banks and corporations, announced today that Isbank AG, the European arm of Turkey’s leading bank Türkiye Is Bankasi A.S., has licensed Surecomp’s DOKA 5 trade finance system ...

US Cities Now Make Attractive Alternatives to Offshoring - 22 May 2015

Many mid-size U.S. cities and other areas now make attractive alternatives to India and other offshore locations for companies considering consolidating finance, IT, and other business services operations for shared service or global business services centers, according to new research from The Hackett Group. ...

NACHA Members Approve Same Day ACH - 22 May 2015

NACHA announced this week that the financial institutions that comprise its voting membership have approved Same Day ACH. The new rule enables a ubiquitous same-day capability for virtually any ACH transaction ...

Fitch: European MMFs are Shifting Exposures - 21 May 2015

Faced with declining short-term issuance by banks, European money market funds (MMFs) are adjusting their issuer selection and sector allocation, Fitch Ratings said in its latest quarterly publication on European MMFs. Low market yields are adding to the pressure on euro-denominated funds ...

Demica Appoints New Head of Origination - 21 May 2015

Demica, a provider of working capital solutions to multinational companies, has appointed Tim Davies to the newly created role of head of origination in Europe ...

Misys Launches Islamic Banking Solution - 21 May 2015

Financial software company Misys has launched a new component in its FusionBanking Essence platform specifically for Islamic banks. With an annual growth of 17%, Islamic banking is a key area where banks can stay ahead of their competition and gain market share ...

BTMU Holland Expands Relationship with Wolters Kluwer - 20 May 2015

Bank of Tokyo-Mitsubishi UFJ (Holland) NV (BTMU Holland) has signed with Wolters Kluwer Financial Services to use its OneSumX solution. The Netherlands subsidiary of the leading Japanese bank will now use OneSumX to manage both its liquidity risk and credit risk ...

Financial Services Firms Must Update Security Strategies - 20 May 2015

Financial Services firms must take data security more seriously and adapt their strategies to mitigate the risk of emerging cyberthreats in what is tipped to be the sector’s next disruptive decade. These are the findings of a new whitepaper commissioned by managed service provider Advanced 365 ...

ITG Becomes Bondcube US Trading Intermediary - 20 May 2015

Bondcube, the fixed income trading platform, has announced that independent execution broker ITG has been appointed as a US trading intermediary for Bondcube’s buy-side to buy-side trades ...