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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 ...

CRYEX to Establish European Cryptocurrency Exchange - 19 May 2015

CRYEX, a new start-up in digital currency, has filed an application with the Swedish Financial Supervisory Authority (Finansinspektionen) to become one of the world’s first regulated clearing organizations ...

BNY Mellon Expands Analytical Support for Treasury Clients - 19 May 2015

BNY Mellon has expanded its analytical support for treasury services clients with the launch of Payment Analytics. Designed for institutional clients with high levels of wire transfer utilization, Payment Analytics provides real-time updates ...

B.A.S Expands into the US with TreasuryXpress - 19 May 2015

B.A.S, a provider in cloud-based treasury management systems (TMS), announced a new round of financing funded by “Impact Fund” an international focused venture capital firm. Impact Fund joins Sigma Management and MEVP to support B.A.S’s expansion into the US ...