Accounting

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Northern Trust chooses Bravura platform for move into Australia

/Accounting

Northern Trust chooses Bravura platform for move into Australia

US custodian Northern Trust has selected technology from Bravura Solutions to support its move into the Australian superannuation investment accounting market.

Australia's GBST to acquire Coexis

/Accounting

Australia's GBST to acquire Coexis

Australian financial software house GBST is to acquire London-based securities tech firm Coexis. Financial terms of the deal were not disclosed.

Citibank chairman tells Sibos: "The worst may be yet to come"

/Accounting

Citibank chairman tells Sibos: "The worst may be yet to come"

On the day that the investment banking industry lurched closer to disaster following announcements from Wall Street, Bill Rhodes, Citibank chairman, told Sibos delegates that the worst could be yet to come, adding that "we are currently in the eye of the storm".

Nyse Euronext introduces online valuation service

/Accounting

Nyse Euronext introduces online valuation service

Nyse Euronext has launched Prime Source, a Web-based service that enables asset managers to access resources for the daily valuation of large, global portfolios of complex structured products and illiquid securities.

Advent Software reports Bear Stearns deal

/Accounting

Advent Software reports Bear Stearns deal

US investment bank Bear Stearns is rolling out Advent Software's portfolio management and fund accounting platform Geneva across its prime brokerage operations.

Deutsche Bank acquires hedge fund administrator HedgeWorks

/Accounting

Deutsche Bank acquires hedge fund administrator HedgeWorks

Deutsche Bank has acquired HegeWorks, a California-based provider of hedge fund administration services. Financial terms of the deal were not disclosed.

Germany's Helaba signs for SimCorp Dimension

/Accounting

Germany's Helaba signs for SimCorp Dimension

Danish fintech vendor SimCorp has signed Germany's Landesbank Hessen-Thüringen Girozentrale (Helaba) to its investment management platform, Dimension.

SunGard signs Beirut-based BankMed to BancWare

/Accounting

SunGard signs Beirut-based BankMed to BancWare

Beirut-based BankMed has selected SunGard's BancWare technology for profitability analysis, asset/liability management (ALM) and funds transfer pricing.

Cameron Stockbrokers live with Broadridge's Summit

/Accounting

Cameron Stockbrokers live with Broadridge's Summit

Australia's Cameron Stockbrokers has implemented the Summit broker client accounting system from Broadridge Financial Solutions to automate its equities brokerage processing operations.

Sage buys treasury management specialist XRT

/Accounting

Sage buys treasury management specialist XRT

UK accounting software firm Sage has acquired a 70% stake in XRT, a Paris-based provider of cash and treasury management software, for £30 million.

DSTi buys Mosiki Development

/Accounting

DSTi buys Mosiki Development

Investment management vendor DST International (DSTi) has acquired Mosiki Development, a Boston-based consulting and software firm specialising in financial services technology. Financial terms of the deal were not disclosed.

Erste Bank licenses SimCorp Dimension

/Accounting

Erste Bank licenses SimCorp Dimension

Danish fintech vendor SimCorp has signed Austria's Erste Bank to its flagship investment management platform, Dimension.

Bank of India licenses FinArch compliance software

/Accounting

Bank of India licenses FinArch compliance software

Belgium's Financial Architects (FinArch) has signed Bank of India to its automated financial reporting and compliance software.

Rand Merchant Bank deploys Advent's Geneva software

/Accounting

Rand Merchant Bank deploys Advent's Geneva software

South Africa's Rand Merchant Bank (RMB) is installing Advent Software's investment management and accounting platform, Geneva, to support its new prime brokerage operations.

Bisys fined $25m for accounting and reporting violations

/Accounting

Bisys fined $25m for accounting and reporting violations

New York financial BPO outfit Bisys has agreed to pay around $25 million to settle claims of improper accounting practices and financial reporting violations.

Argentina's Banco Patagonia signs IT services deal with IBM

/Accounting

Argentina's Banco Patagonia signs IT services deal with IBM

Argentina's fifth largest bank, Banco Patagonia, has signed a $592k IT services deal with IBM for application and server migration.

Patni rolls out Oracle ERP platform at Bombay Stock Exchange

/Accounting

Patni rolls out Oracle ERP platform at Bombay Stock Exchange

Mumbai-based Patni Computer Systems says it has completed implementation of an enterprise resource planning (ERP) system supplied by Oracle at the Bombay Stock Exchange (BSE) which will be used to automate accounting and human resource management processes.

SunGard buys Integrated Business Systems

/Accounting

SunGard buys Integrated Business Systems

SunGard has acquired Integrated Business Systems Incorporated (IBSI), a New York-based provider of software services to hedge funds. Financial terms of the deal were not disclosed.

Fokus Bank launches integrated Web banking, payroll and accounting system for SMEs

/Accounting

Fokus Bank launches integrated Web banking, payroll and accounting system for SMEs

Norway's Fokus Bank has teamed with CRM vendor 24SevenOffice to develop a Web banking system that includes CRM, payroll and accounting applications and can serve as the back-office administrative hub for businesses.

NAB offshores support jobs to India

/Accounting

NAB offshores support jobs to India

National Australia Bank is offshoring a further 81 back office jobs from its finance and accounting unit to India under an outsourcing agreement with Accenture.

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