Latest Wholesale banking News: Finextra Research

Mellon Financial achieves CMM level 3 certification

Mellon Financial Corporation has won level 3 capability maturity model (CMM) certification for its software engineering practices within its trust technology division.

15 January 2002

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Riggs Bank selects Magnet Internet banking suite

Washington-based Riggs Bank is to roll out Magnet Communications' Internet banking suite in a bid to improve its online banking service for business customers.

15 January 2002

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Sutton Trading secures funding for GlobalDAT launch

Sutton Trading Solutions is to move ahead with the planned launch of GlobalDAT, a proprietary solution for dealing over multiple US and European exchanges and ECNs, following a $1.3 million cash injection from private investment company Tiburon Management.

14 January 2002

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Tullett and Tokyo Liberty renews FD outsourcing contract

Tullett and Tokyo Liberty (T&TL) has renewed its two-year outsourcing agreement with financial software developer Future Dynamics (FD).

14 January 2002

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Aurora Software introduces sell-side disaster recovery solution

New York-based fixed-income dealing systems vendor, Aurora Software, has launched a new disaster recovery service for its WinFits trading application for sell-side institutions.

14 January 2002

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Lloyds TSB Commercial Finance implements Microsoft BizTalk Server 2000

Lloyds TSB Commercial Finance has chosen Microsoft's BizTalk Server 2000 to deploy its first Web services application, FirstCheck, an online credit referencing solution designed to help businesses identify financial risks when dealing with new customers.

14 January 2002

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FleetBoston chooses Venetica for wholesale portal

FleetBoston Financial has selected North Carolina-based Venetica Corporation to provide content management software for a new wholesale banking internal portal.

14 January 2002

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Securities regulators publish revised ATS guidelines

The Committee of European Securities Regulators (CESR) has published revised proposals for common European standards for alternative trading systems (ATS) and is calling for a second round of consultation.

14 January 2002

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London Bridge Software buoyed by strengthening market

London Bridge Software says it will meet revenue and profitability forecasts for 2001 on the back of a strengthening market for debt collection software and the return to profitability of the Phoenix banking software division in the US.

14 January 2002

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Atriax introduces real-time market data feed

Multi-bank foreign exchange portal Atriax has launched a new Internet-based market data and currency information service for corporate, institutional and banking FX professionals worldwide.

14 January 2002

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National Bank of Dubai implements Oracle e-business suite

National Bank of Dubai is rolling out an upgraded version of Oracle's e-business suite and a new human resources management system (HRMS) across its operations.

14 January 2002

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SFE outsources clearing operations to OM

Sydney Futures Exchange Corporation (SFE) has entered an eight-year multi-million dollar agreement to outsource its core clearing technology and operational support functions to Swedish vendor OM.

14 January 2002

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