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Regulation Triggers Shift in Firms’ Business Models - 30 September 2014

More than three in four financial institutions (FIs) are altering their business models following recent changes in regulation and market structure, according to a survey by the Economist Intelligence Unit ...

Misys-Fircosoft Alliance Tackles Financial Crime in Trade Finance - 30 September 2014

Misys has formed an alliance with FircoSoft, the watch list filtering solutions provider. The partnership aims to give banks greater consistency and control over the management and analysis of trade finance transactions to identify financial crime ...

SWIFT Widens Access to The KYC Registry - 30 September 2014

SWIFT announced at the Sibos 2014 conference in Boston that it will provide access free of charge to its new know your customer (KYC) registry throughout 2015 to those banks that contribute their own institutional KYC data ...

Bank of America Merrill Launches Digital Disbursements - 30 September 2014

Bank of America Merrill Lynch (BofA Merrill) has launched digital disbursements, a payment solution that enables companies to make payments to customers digitally, eliminating the need to issue a cheque ...

SWIFT Promises BI Solution for Securities Markets - 29 September 2014

SWIFT is to introduce Watch for Securities, a business intelligence (BI) solution to help securities market participants to monitor and gain business insights from their network traffic ...

Misys Launches Integrated Corporate Banking Platform - 29 September 2014

Financial software vendor Misys has launched ‘Misys FusionBanking Corporate FrontOffice’, described as a unified corporate client front end, integrated with enterprise pricing and credit lifecycle management ...

Late Bill Payment Hurting Key European Industries - 29 September 2014

Late payment of bills by Europe’s public sector is hurting the construction, healthcare and education industries and slowing job creation, according to credit management services group Intrum Justitia ...

Apac Firms Alerted to Europe’s Shortened Settlement Cycle - 29 September 2014

More than half of Asia Pacific’s firm are unprepared for a shorter settlement cycle in Europe, which will change from trade date plus three days (‘T+3’) to trade date plus two days (‘T+2) in October, a survey suggests ...

US Regulator Warns of ‘Armageddon-style’ Cyber Attack - 26 September 2014

The global financial system must respond to the very real threat of an ‘Armageddon’-style cyber attack according to Benjamin Lawsky, superintendent of the New York State Department of Financial Services ...

Citi Partners on Renminbi High Yield Bond - 26 September 2014

Bank of China (Hong Kong) Asset Management (BOCHK AM) and Citigroup Global Markets Limited have jointly launched the BOCHK RMB High Yield Bond Fund1, BOCHK’s first renminbi (RMB) high yield bond UCITS Fund registered in Luxembourg ...

Four Steps to Balancing Risk and Regulation - 25 September 2014

Greater collaboration between financial institutions’ (FIs) risk and prudential regulation areas is essential to reduce risk and optimise performance while meeting regulatory requirements, according to Wolters Kluwer Financial Services ...

Expertus Adds Corporate Payments Platform for Tablets - 25 September 2014

Expertus Technologies has launched Expertus Mobile, offered on IOS and Android operating systems, which enables treasurers to access a comprehensive payment and cash management dashboard on their tablets ...

Broadridge Updates Solution for Operational Efficiency - 25 September 2014

Broadridge Financial Solutions released the latest version of its PROactive solution suite for reconciliation and process management, which aims to enhance overall operational efficiency for financial firms ...

Global Adoption of Renminbi Rises 35% - 25 September 2014

One third of the world’s financial institutions (FIs) are actively using the renminbi (RMB) for payments to China and Hong Kong, reports SWIFT
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