Latest Sibos News: Finextra Research

Swift to acquire SunGard's Ambit Messaging Hub

Interbank co-operative Swift is to buy SunGard's Ambit Messaging Hub, which offers banks and corporates a high volume interface to the international financial messaging network. Terms of the transaction were not disclosed.

19 July 2010

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MEPs nod through Swift data sharing deal

As expected, European Parliamentarians have formally adopted a new data sharing deal giving US authorities access to EU bank account data carried over the international Swift network.

08 July 2010

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Swift re-instates Sibos 'party'

International banking co-operative Swift is re-instating its popular end-of-Sibos party following a one-year hiatus in Hong Kong, when the iconic event was deemed surplus to requirements in the post-credit crunch era.

06 July 2010

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EU and US ink Swift data sharing deal

The European Union and United States have finally inked a deal on the provision of access to EU bank data passed over the international Swift network.

29 June 2010

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Broadridge buys City Networks

Broadridge Financial Solutions has acquired City Networks, a long-standing UK-based provider of reconciliation, multi-asset process automation and operational risk management software and services to the finance industry. Financial terms were not disclosed.

21 June 2010

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Finextra: the conversation started a decade ago

Finextra is celebrating a decade of innovation as the leading news service, information resource and community platform for financial technology professionals worldwide.

18 June 2010

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Swift insurance industry project 'dead in the water'

Interbank co-operative Swift's bid to break into the insurance business has been put on ice, after reinsurers proved unwilling to invest in the creation of a new electronic trading platform.

11 June 2010

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DTCC moves a step closer to corporate actions standardisation

The Depository Trust & Clearing Corporation (DTCC) has released for public comment a first set of drafts of corporate action announcement messages under the international ISO 200022 format.

18 May 2010

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Commission gets green light to negotiate new Swift data transfer deal with US

The European Commission has secured the approval of MEPs to re-open negotiations with the US over the provision of access to EU financial messaging data passed over the international Swift network.

23 April 2010

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Swift MT202 COV increasing workload and costs - Dow Jones survey

The majority of compliance and payments industry executives believe the new Swift cover payments rule MT202 COV has raised the standard of sanctions compliance but many also credit it with increased workloads and costs, according to surveys from Dow Jones.

22 April 2010

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Swift EBAM standard goes live

Financial messaging network Swift has gone live with its new standard for electronic bank account management (EBAM).

21 April 2010

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ECB confirms delay to T2S

The European Central Bank confirms that it has ripped up its original timetable for the introduction of a pan-European securities settlement system as it seeks to streamline its working procedures and gain a new consensus around the controversial project.

14 April 2010

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