Latest Wholesale banking News: Finextra Research

AIB to fight cheque fraud with Carreker

Allied Irish Banks has selected Carreker's FraudLink solutions to detect and prevent fraudulent cheque activity.

22 November 2002

Algorithmics partners DataSynapse for Linux-based risk management

Toronto-based Algorithmics has teamed up with peer-to-peer technology vendor DataSynapse to develop a distributed Linux cluster version of its risk management system Algo Suite.

22 November 2002

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Nordea contracts with Schlumberger for card-based Internet payments

Nordea has contracted with SchlumbergerSema for the delivery of a smart card-based security solution for customers making payments via the Internet.

22 November 2002

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Javelin Technologies president steps aside

FIX-based trading systems vendor Javelin Technologies has announced that its founder and president George Kledaras has stepped down. He will be replaced by John Coulter.

22 November 2002

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GSTP winds up operations

Cross-border trade matching outfit GSTP has confirmed a shareholder vote to suspend business operations and wind-up of the cash-strapped company after failing to attract sufficient business volumes from the global fund management community.

22 November 2002

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ASX to form Australian Clearing House CCP

The Australian Stock Exchange (ASX) has announced it is to create a single central counterparty (CCP), to be called the Australian Clearing House (ACH).

22 November 2002

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Brief: Bangladesh bank deploys Infosys' Finacle platform across enterprise

Bangladesh's City Bank is to implement Infosys' core banking platform Finacle across its operations.

22 November 2002

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Misys tailors Apollo for UK wealth management

Misys Asset Management Systems has released a new version of its portfolio management system Apollo for UK private client managers.

22 November 2002

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US Bank installs IPC switch to integrate regional trading hubs

US Bank has installed an IPC Alliance MX switch to centrally connect its Minneapolis, Minnesota headquarters with offices in St. Louis, Missouri and Milwaukee, Wisconsin.

22 November 2002

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FXall plays catch up as multibank portal volumes soar

Trading volumes on multibank foreign exchange platforms have doubled in the past six months, according to research house ClientKnowledge, with State Street's Global Link easily outstripping rivals Currenex and FXall.

21 November 2002

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DTCC expands Fund/Serv platform to support European cross-border funds

The Depository Trust & Clearing Corporation (DTCC) has upgraded its Fund/Serv trade processing platform to offer end-to-end processing and marketing of cross-border trades from European centres in Luxembourg and Dublin.

21 November 2002

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AMS to buy banking partners out of Proponix joint venture

American Management Systems is to acquire the brand and trade processing technology of Proponix, a trade finance joint venture company initially established in conjunction with ANZ, Barclays Bank and Bank of Montreal.

21 November 2002

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