Latest company updates: Finextra Research

SunGard introduces low latency market data servers for GL Net

SunGard has deployed new ultra-low latency market data distribution (MDD) servers for GL Net, its market data and order routing network.

05 January 2010

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Pipeline ships Munitions Manager for the buy side

Pipeline Trading Systems, a leading electronic brokerage for institutions, announced today it has launched Pipeline Munitions Manager, a tool for minimizing implementation shortfall losses in markets with high risk of adverse information.

05 January 2010

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Merced School Employees Federal CU selects Fiserv Mobile Money

Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that Merced School Employees Federal Credit Union (MSEFCU), a $371 million credit union in Merced, Calif., is now providing members access to mobile financial services with Mobile Money from Fiserv.

04 January 2010

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Lloyds goes for multi-channel marketing with Teradata

Teradata Corporation (NYSE: TDC), the world's largest company solely focused on data warehousing and enterprise analytics announced today that Lloyds Banking Group, the financial services leader in the United Kingdom, is enhancing its marketing capabilities by implementing Teradata Relationship Manager (TRM) - software used for customer communications and analysis. TRM will run on the expanding enterprise-class Teradata data warehouse platform at Lloyds Banking Group (LBG).

04 January 2010

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Financial Software Systems names Steve Mills head, global sales

Financial Software Systems, the producer of global Treasury and Private Banking software, announces the appointment of Steven D. Mills as its Senior Vice President for Global Sales & Marketing.

04 January 2010

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Polaris core banking kit gains Carnegie medal

Polaris Software Lab Limited, a leading Financial Technology Company, announced the achievement of SEI CMMI Version 1.2 Level 5 Certification, the highest level of quality and process maturity appraisal in the industry for Software Services, Intellect Global Universal Banking product spanning all micro verticals within BFSI across all business solution centers.

04 January 2010

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Inside Contactless and TazTag form NFC partnership

Inside Contactless and TazTag today announced they have created a partnership to develop and bring to market a variety of highly secured, multi-application contactless solutions based on near field communication (NFC) technology.

04 January 2010

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VeriFone acquires Clear Channel Taxi Media business

Accelerating its strategic expansion into payment-enabled media, VeriFone Holdings (NYSE: PAY), today announced that it has acquired the Clear Channel Taxi Media business from Clear Channel Outdoor.

04 January 2010

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M-payments start-up RegaloCard raises $7m

RegaloCard, an innovative mobile payments company that has developed a free and instant alternative to costly money transfers announced today that it had closed a $7 Million round of financing from Dublin Ventures and Kinsail Corporation.

04 January 2010

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BM&F and SunGard develop clearing and margin support for US FCMs

SunGard is working with the Brazilian Mercantile & Futures Exchange (BM&F), part of BM&F Bovespa S.A. Securities, Commodities and Futures Exchange, to expand automated BM&F clearing support within SunGard's GMI clearing and accounting solution for exchange traded derivatives, futures and options.

04 January 2010

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Great Lakes Bank implements Banker's Toolbox BSA/AML software

Blue Island, Ill-based Great Lakes Bank ($678 million) has implemented Banker's Toolbox's Bank Secrecy Act/Anti-Money Laundering (BSA/AML) software, BAM with CTR Manager (currency transaction report) to improve the bank's ability to monitor and report on suspicious transactions.

04 January 2010

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IBM wins 10-year IT services contract with Indian co-operative bank

IBM (NYSE: IBM) today announced that it has signed a 10-year information technology (IT) services agreement with Sardar Bhiladwala Pardi People's Co-operative Bank Ltd. (SBPPCB), one of the leading co-operative banks in Gujarat. The engagement, a complete operational expenditure (pay-as-you-go) model, will enable the bank to save up to 50 percent in its capital expenditure on IT infrastructure.

04 January 2010

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