Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Surecomp signs Poland's Bank BPH to NetImex

Poland's Bank BPH is implementing Surecomp's Internet-based trade finance software, NetImex.

08 April 2005

Industry standards bodies band together for MiFID

Four major industry associations – FIX Protocol Ltd, ISITC Europe, the Reference Data User Group (RDUG) and SIIA/FISD – have formed a Joint Working Group to address the compliance requirements created by the European Union (EU) Markets in Financial Instruments Directive (MiFID).

04 April 2005

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Bank of America joins Cable & Wireless RTN platform

Bank of America has signed to provide intraday nostro account information to clients via Cable & Wireless' Real Time Nostro platform.

01 April 2005

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Sun parades JPMorgan support for Solaris 10

JPMorgan has committed to using Sun's Solaris 10 operating system as the platform for a range of future high-grade technology projects, including grid computing, data archiving and virtualised data centre services.

31 March 2005

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Brussels wins backing for EU clearing and settlement plans

The European Commission says it has received wide-spread support for its plans to improve pan-European securities clearing and settlement, which includes the possible introduction of legislation.

22 March 2005

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Buy out funds in bid to buy SunGard Data Systems

A private equity consortium led by San Francisco-based Silver Lake Partners is in talks to buy SunGard Data Systems for $10 billion.

21 March 2005

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Penson adds Accurate NXG to hosted bureau service

Penson Financial Services, a provider of clearing and settlement services, is adding technology from Accurate Software to its hosted bureau system in order to automate reconciliation and exception management processes for its European clients.

16 March 2005

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Fin-Force and Transaktionsinstitut forge payments ousourcing deal

Fin-Force, a joint venture established by Belgium's KBC and EDS, is teaming with DZ Bank's subsidiary Transaktionsinstitut to deliver cross-border payments processing services to financial firms in Europe.

11 March 2005

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Reuters and BT agree Radianz deal

Reuters has agreed the sale of financial extranet Radianz to BT for $175 million and signalled its plans to exit the data network business by signing a $3 billion, eight-and-a-half year managed services contract with the UK telco.

10 March 2005

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Omgeo launches Web-lite CTM interface for small and medium buy-side firms

Trade matching utility Omgeo has teamed with broker-dealers ABN Amro, Citigroup, CSFB, JPMorgan, SG CIB and UBS to launch a new allocation interface for its Central Trade Manager (CTM) system that has been designed specifically for low to medium volume investment managers.

10 March 2005

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NAB goes live with SunGard's Adaptiv for credit risk management

National Australia Bank (NAB) has implemented SunGard Trading and Risk Systems' Adaptiv system to manage global credit limits across its operations.

09 March 2005

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Savvis recruits former SwiftNet FIX head Matt Fox

Savvis has recruited former SwiftNet FIX development head Matt Fox to lead its financial services strategy.

09 March 2005

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