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

Nyfix buys Fixcity

US trading systems vendor Nyfix has acquired London-based e-trading and FIX messaging outfit Fixcity. Financial terms of the deal were not disclosed.

10 April 2008

News/Workflow/document management

Swift messaging framework for hedge funds gathers pace

Financial messaging network Swift is looking to extend its influence into the hedge fund sector with the introduction of a new set of message standards for automating communications in the transaction chain.

09 April 2008

News/Workflow/document management

BNP Paribas deploys PGP e-mail encryption technology

French banking group BNP Paribas is using encryption technology from California-based PGP Corporation to secure e-mail communications to customers, business partners and regulators.

07 April 2008

News/Workflow/document management

Wells Fargo unveils online storage service

US bank Wells Fargo is launching a Web-based storage facility, called vSafe, that will allow its retail banking customers to store and organise digital copies of important documents online.

20 March 2008

News/Workflow/document management

Spending on OTC derivatives automation to surge - Tabb

Banks will spend $70 million on automating over-the-counter (OTC) derivatives processing in 2008, rising to $120 million in 2010 - a compound annual growth rate (CAGR) of 30%, according to estimates from Tabb Group.

18 March 2008

News/Workflow/document management

Barclays introduces Twist billing standard

Corporate standards body Twist says Barclays has become the first UK financial services firm to use its bank services billing (BSB) standard to provide electronic reporting of bank information to corporate treasurers and wholesale clients.

28 February 2008

News/Workflow/document management

Temenos signs Banque Raiffeisen to T24

Luxembourg-based Banque Raiffeisen is implementing the T24 core banking platform from Geneva-based Temenos to support its universal and retail operations.

21 January 2008

News/Workflow/document management

Goldleaf buys Alogent

Tennessee-based Goldleaf Financial Solutions has acquired Alogent Corporation, a provider of deposit automation technology to financial institutions, for a total consideration of $42.5 million.

17 January 2008

News/Workflow/document management

SunGard buys Financial Technology Integrators

SunGard has acquired the assets of Philadelphia-based Financial Technology Integrators (FTI), which provides Web services applications to banks, trusts and investment firms. Financial terms of the deal were not disclosed.

07 January 2008

News/Workflow/document management

Bangladesh's AB Bank live with Misys Equation and Trade Innovation

Bangladesh's AB Bank has rolled out technology from UK banking systems vendor Misys to support its retail and trade finance operations.

10 December 2007

News/Workflow/document management

Wachovia introduces single sign-on for online wholesale services

US banking group Wachovia has introduced a single sign-on capability for its online global treasury management portal, Wachovia Connection, eradicating multiple silos in favour of a common front-end entry point for corporate clients.

26 October 2007

News/Workflow/document management

Fidelity Investments spends $50m on integrated advisor platform

US mutual fund manager Fidelity Investments says it is investing $50 million in the development of a Web-based wealth management platform, called WealthCentral, which will integrate the most critical operational systems for registered investment advisors.

24 October 2007

News/Workflow/document management

SocGen rolls out Xenomorph's TimeScape

London-based Xenomorph says Société Générale Securities Services (SGSS) has rolled out its data management system, TimeScape, after signing a five year deal for the technology.

16 October 2007

News/Workflow/document management

CheckFree adds OTC derivatives processing to TradeFlow

US fintech vendor CheckFree has added an over-the-counter (OTC) derivatives processing module to its post-trade securities processing system, TradeFlow.

18 September 2007

News/Workflow/document management

E-invoicing network to save EUR243 billion in EU supply chain costs

The European Commission (EC) is setting up a steering committee to oversee the establishment of a common invoicing framework that would allow businesses across the region to send invoices and receive corresponding payments electronically.

30 August 2007

News/Workflow/document management

HSBC and Barclaycard talk up 'green' initiatives

In the latest in a series of environmental initiatives by banks in the UK, HSBC has added a 'green option' on its current account which will allow customers to opt out of receving paper-based bank documents, while Barclaycard has launched the Breathe credit card which offers environmentally friendly shopping incentives to cardholders.

02 July 2007

News/Workflow/document management

Nasdaq buys Directors Desk

US market operator Nasdaq has signed a definitive agreement to acquire Directors Desk, a privately-held firm that provides technology to boards of public and private companies, including automated record keeping and Web conferencing. Terms of the transaction were not disclosed.

29 June 2007

News/Workflow/document management

Czech bank Ceská sporitelna selects TietoEnator for e-invoicing

Ceská sporitelna, the largest commercial bank in the Czech Republic, is introducing a business-to-business electronic invoicing service based on technology supplied by Nordic vendor TietoEnator.

27 June 2007

News/Workflow/document management

Custodians call for global corporate actions standard

Universal and standardised messaging needs to be introduced to automate and streamline corporate action processing on a global level, according to a white paper released by The Association of Global Custodians (AGC).

13 June 2007

News/Workflow/document management

Co-op awards TietoEnator five-year managed services deal for mortgage processing

TietoEnator has won an extended five-year deal with the UK's Co-operative Bank to outsource software and hardware support for its mortgage administration system.

26 April 2007