Latest Wholesale banking News: Finextra Research

UK banking industry faces £500 million Basel bill

The UK banking industry faces a £500 million bill for compliance with the Basel II Capital Accord, according to a survey of London-based UK and continental banks conducted by the Centre for Economics and Business Research (CEBR).

20 November 2002

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Lombard Risk to offer GFI credit prices over ValuSpread service

London-based Lombard Risk Systems is to add market prices from GFI to its online ValuSpread Credit price verification service.

20 November 2002

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Lynn's GEM Soup aims to stir the FpML pot

Brian Lynn, a driving force behind the creation of FpML.org and formerly VP of eTrading Systems at JPMorgan Chase has announced the formation of Gem Soup, a new organisation devoted to the collaborative development of software tools supporting FpML communications between firms.

20 November 2002

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Random Walk appoints director of west coast sales

New York-based financial technology vendor Random Walk has appointed John Gadomski to head up its sales department at its new west coast office in San Francisco.

20 November 2002

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ADP Brokerage rolls out DTCC tax reporting service

ADP Brokerage Services is to distribute the Depository Trust & Clearing Corporation's (DTCC) Domestic Tax Reporting Service (DTax) to its clients.

20 November 2002

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Brief: Belzberg joins Radianz extranet

Belzberg Technologies is to connect its trading network to Radianz's global financial extranet, Radianznet.

20 November 2002

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Sovereign Bank to outsource trade finance operations to Bank of New York

Philadelphia-based Sovereign Bank is to provide its customers with access to The Bank of New York's global network and suite of Web-based trade products and services.

19 November 2002

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Sumitomo commissions IP network from Infonet

Sumitomo Trust & Banking Co (STBUSA) has commissioned Infonet to build a redundant IP-based wide area network for data communications between its offices in the US and Japan.

19 November 2002

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Reserve Bank of Zimbabwe goes live with Perago RTGS network

The Reserve Bank of Zimbabwe has implemented an electronic funds transfer system from Perago Financial System Enablers to align the country's banking industry with international standards for real-time gross settlement (RTGS).

19 November 2002

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London Bridge seeks early European adopters for TradeWind solution

Financial technology vendor London Bridge has initiated an 'early adopter' programme for additional takers of its LGB-TradeWind system in Europe.

19 November 2002

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Gestitres deploys Trace Datawise solution to meet Swift 15022 deadline

Paris-based back office processor Gestitres has gone live with Trace Datawise Financial's Easy ISO 15022 system for message processing over the Swift interbank network.

19 November 2002

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ADP Brokerage acquires Vantra's business

ADP Brokerage Services has acquired the business of Web-based brokerage solutions vendor Vantra Group for an undisclosed amount.

18 November 2002

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