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5468 Results from 2010

/wholesale

Fennia Mutual Insurance signs for SimCorp Dimension

SimCorp announces that Finnish Fennia Mutual Insurance Company has selected SimCorp Dimension as its new investment management platform. Fennia Mutual Insurance Company will be using SimCorp Dimension front-to-back.

/retail

41st Parameter awarded online and mobile fraud protection patent

41st Parameter Inc., the leading provider of person-not-present fraud detection and prevention solutions, today announced that the United States Patent and Trademark Office has granted the company its latest patent, #7,853,533, for an invention the company has branded Time Differential Linking™ (TDL).

/retail

Global Platform repositions for secure chip standards drive

GlobalPlatform has refreshed its tagline to 'the standard for managing applications on secure chip technology'. The new positioning aligns the reality of GlobalPlatform's impact on the industry with the association's current and future roadmap for the marketplace.

/retail

Pre-paid cash card market to grow at double-digit rates - Turner Investments

It's estimated that the percentage of U.S. households without bank accounts may be as high as 26%. So what happens to the $1.1 trillion that those households take in each year? According to the latest Sector Focus commentary by Turner Investments, much of that money is likely to end up on prepaid cash cards over the next five years.

/retail

Absa moves to real-time fraud detection with Fico

FICO, the leading provider of analytics and decision management technology, recently announced that Absa Bank is adopting FICO™ Falcon® Fraud Manager 6 to control fraud in its debit and credit card portfolios.

/retail

Equidata launches RateMatch consumer financing comparison site

Equidata, Inc., a single-source provider of credit information services and solutions, has launched RateMatch® loan evaluation service, an online platform for consumers to secure cost-saving deals on loan financing with a local, community-based bank or credit union through affiliate web sites.

/regulation

Cuomo files suit against Ernst & Young over Lehman accounting

Attorney General Andrew M. Cuomo today filed a Martin Act lawsuit against Ernst & Young LLP ("E&Y"), charging the accounting firm with helping Lehman Brothers Holding, Inc. ("Lehman") engage in an accounting fraud involving the surreptitious removal of tens of billions of dollars of fixed income securities from Lehman's balance sheet in order to deceive the public about Lehman's true liquidity condition.

/regulation

Tocom backs up at Osaka Securities Exchange

Since the signing of the Memorandum of Understanding (MOU) on comprehensive mutual cooperation in February, 2008, TOCOM and OSE have discussed extensively on possible various areas of collaboration, such as on trading systems and joint product development. The listing of two ETFs linked to TOCOM prices on OSE is one of the results of such efforts and this agreement, as part of the collaborative alliance, is another.

/retail

Bank of the Philippine Islands selects Hypercom

Hypercom Corporation (NYSE: HYC) today announced that Bank of the Philippine Islands (BPI), one of the leading financial institutions in the Philippines with more than 800 branch offices across the country, has selected Hypercom for its card payment systems.

/regulation

BIS consults on bank-to-CCP capitalisation proposals

The Basel Committee issued today a consultative paper on the Capitalisation of bank exposures to central counterparties.

/wholesale

Tullett Prebon joins ICE eConfirm broker matching service

Tullett Prebon, a leading intermediary in global wholesale markets, and IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced that Tullett Prebon has joined the ICE eConfirm Broker Matching Service.

/retail

Banco de Venezuela selects FIS IST/Switch platform

FIS™ (NYSE:FIS), one of the world's largest providers of banking and payments technology, today announced that Banco de Venezuela (BDV) has selected its IST/Switch, Clearing and DataNavigator solutions. The bank plans on upgrading their infrastructure to take advantage of the flexibility and scalability provided by IST/Switch that will support existing processing needs and future growth.