13 December 2013

Dirk KinvigFinextra Community Blogs

Swift drives debate at CorpActions 2013 conference

Jobs

SVP Product Marketing Risk & Compliance - AsiaPac

Events

Live Webcast - What’s in store for Global Transaction Banking in 2014?

Company announcements

Mobile & online

SNS REAAL goes live with RiskShield for online and mobile fraud detection

6 hours ago | 468 views | 0

INFORM GmbH, a global company specializing in software that uses intelligent process optimization logic to improve business productivity, announces that RiskShield fraud prevention and detection solution has been selected and successfully implemented by Dutch bank and insurance group SNS REAAL, to provide real-time fraud detection for its 3 banking brand labels; SNS Bank, ASN Bank and RegioBank.

Mobile & online

PayPal signs up merchants in Berlin for high street 'check-in' service

8 hours ago | 494 views | 0

Towards the end of November, we were happy to announce the launch of our pilot Check-In program in Berlin. Now, a variety of local cafes and restaurants - and any other participating merchants - can offer their customers a walletless transaction. All that's needed is a smartphone and the PayPal app.

Trade execution

Iosco reports on regulatory issues raised by changes in market structure and technology

8 hours ago | 314 views | 0

The International Organization of Securities Commissions today published its final report on Regulatory Issues Raised by Changes in Market Structure, which makes four recommendations that seek to promote market liquidity and efficiency, price transparency, and investors´ execution quality in a fragmented environment.

Cards

Alelo consolidates data centre and moves to the cloud with IBM

8 hours ago | 621 views | 0

IBM (NYSE: IBM) today announced that Alelo Brasil, a Brazilian provider of pre-paid credit and benefit cards, has deployed a solution based on PureSystems that will upgrade and simplify their IT infrastructure at mirrored sites in Sao Paulo and Rio de Janeiro.

Retail banking

Goodacre opens stock trading educational site, 'Sharescool'

11 hours ago | 419 views | 0

A new online service was launched today, designed to educate the public in how to research and make stock market investments.

Cards

Loop scores $10 million funding round

12 hours ago | 433 views | 0

Loop, the first smartphone-enabled commerce solution accepted at virtually every point-of-sale terminal, today announces it has secured more than $10 million in funding and will start shipping its mobile app and its first AppCessory, the Loop Fob, to its pre-order customers and Kickstarter backers this month.

Payments

Vodafone SmartPass launches in Germany

12 hours ago | 621 views | 0

Today Vodafone Germany is launching its new mobile wallet with the integrated Vodafone SmartPass Visa payment application.

Risk & regulation

Matrix-Exzac appoints Renan Levy as CEO

12 hours ago | 358 views | 0

Matrix-Exzac, a leading global compliance and financial crime prevention technology consulting and systems integration firm, has appointed Renan Levy as Chief Executive Officer.

Payments

European Banking Authority warns on bitcoin risks; ponders regulation

12 hours ago | 629 views | 0

The European Banking Authority (EBA) issued today a warning on a series of risks deriving from buying, holding or trading virtual currencies such as Bitcoins.

Risk & regulation

Cusip numbers applied to Market Agreed Coupon (MAC) contracts

13 hours ago | 294 views | 0

The Securities Industry and Financial Markets Association's (SIFMA) Asset Management Group (AMG) and the International Swaps and Derivatives Association (ISDA), working in collaboration with CUSIP Global Services, have developed CUSIP numbers for the Market Agreed Coupon (MAC). MAC Contracts were developed jointly by SIFMA AMG and ISDA in April 2013.

Retail banking

Zafin secures $5 million growth capital

13 hours ago | 263 views | 0

Zafin is very pleased to announce the completion of a private financing arrangement with Vancouver-based Beedie Capital Partners (BCP). BCP is committing a total of $5 million to provide additional growth capital to Zafin.

Retail banking

European Parliament votes in favour of basic bank accounts as a legal right

12 December 2013 | 642 views | 0

The European Parliament voted today to give the right of access to a basic bank account at little or no cost to up to 30 million EU residents who want an account but who have not so far been able to obtain one.

Wholesale banking

Ontario Securities Commission releases update on electronic-trading risk review

12 December 2013 | 409 views | 0

The Ontario Securities Commission (OSC) published today Staff Notice 23-702, an update on the OSC's ongoing review of the risks associated with electronic trading, including a review of National Instrument 23-103 Electronic Trading.

Security

Microsoft joins Fido Alliance as board member

12 December 2013 | 535 views | 0

The FIDO (Fast IDentity Online) Alliance, an industry consortium revolutionizing online authentication with the first standards-based specifications, today announced that Microsoft has joined the Alliance as a member of the Board of Directors.

Wholesale banking

GFI Market Data partners with Vector Risk for cloud-based CVA

12 December 2013 | 387 views | 0

GFI Market Data, a division of GFI Group Inc. (NYSE: GFIG) and Vector Risk Inc., a leading provider of financial risk management solutions, announced today that they have entered in to an agreement whereby GFI will supply the Vector Risk cloud solution with market data on several of the key asset classes the company brokers: credit derivatives, bonds, interest rate options and FX options.

Transaction banking

Vale Europe taps M-hance to speed up reconciliation

12 December 2013 | 338 views | 0

Vale Europe Ltd, a leading refiner of precious metals, has reduced the time and cost involved in the completion of its bank reconciliation by implementing an integrated financial management solution from m-hance.

Trade execution

ICE to retain Basildon data centre and Liffe matching engine during transition to ICE Futures Europe

12 December 2013 | 420 views | 0

IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, today provided the following update in relation to the transition of Liffe Administration and Management Limited (Liffe) to ICE Futures Europe.

Trade execution

Green Key Technologies awarded OTC matching algorithm patent

12 December 2013 | 337 views | 0

Green Key Technologies, a financial markets technology solutions provider, announced today that the United States Patent Office has awarded the company a patent for the design of their OTC liquidity allocation process called "Decline Ratio Matching".

Wholesale banking

IBM wins $300 million Banco Mare Nostrum IT transformation deal

12 December 2013 | 678 views | 0

Banco Mare Nostrum (BMN) and IBM (NYSE: IBM) today announced an agreement to transform and optimize the bank's IT infrastructure and applications.

Payments

Global Payout and CCS Prepay pool together international pre-paid debit card products

12 December 2013 | 380 views | 0

Global Payout, Inc. (OTC: GOHE) and CCS Prepay UK Ltd. today announce a joint venture agreement to pool their U.S. and International Prepaid Debit card products and resources together to broaden each company's ability to meet client groups' card production needs as well as enhance customer services.