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Google Introduces Android Pay - 29 May 2015

Google introduced its new mobile wallet, dubbed Android Pay, Thursday at the Google I/O developers conference in San Francisco. Much like Apple Pay, Google's new product will use near-field communication (NFC) to allow users to make purchases at the point-of-sale ...

SWIFT Opens KYC Registry to Funds Distributors and Custodians - 29 May 2015

SWIFT announced Thursday that its KYC Registry is now available to fund distributors and custodians. In response to an identified need within its community, SWIFT is extending the reach of the KYC Registry beyond correspondent banking to support know your customer (KYC) compliance requirements for funds distribution and custody services ...

Advanced Launches Financial Management System for Local Authorities - 28 May 2015

Advanced Business Solutions, a business applications and service provider, announced the launch of Advanced SaaS Financials. The cloud-based financial management system has been developed specifically for district and borough councils to alleviate the burden of maintaining in-house systems ...

APAC Treasurers Prioritise Improving Cash Visibility, Cash Flow Forecasting - 28 May 2015

Asia Pacific’s leading corporate treasurers have identified improving cash visibility and cash flow forecasting as the most common priorities in the coming 12 months but also see additional scope for enhancing treasury process automation, optimising working capital and focusing on risk management within their functions ...

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 ...