Latest Wholesale banking News: Finextra Research

OM to build NASD trade quotation system

The National Association of Securities Dealers (Nasd) has contracted with Swedish trading technology vendor OM for the delivery of an over-the-counter quotation and trade reporting facility.

10 January 2002

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Financial institution privacy spending misdirected, says Meridien

Financial institutional spending on security technology is largely irrational and often misdirected due to a lack of understanding of privacy management issues, says a new report from Meridien Research.

10 January 2002

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Staffware reports upturn in sales

Business process management vendor Staffware is reporting an upsurge in sales activity and return to profitability in the final quarter 2001.

10 January 2002

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ING chooses Covast for corporate payment messaging

ING Bank has selected technology from Covast Corporation to manage the exchange of high volume payments and associated reporting with its largest customers.

10 January 2002

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EquiLend recruits management team; initiates live testing

Multibank securities lending platform EquiLend has begun live testing with founding institutions and named Brent Bessire and Benjamin Glicher as chief operating officer and chief technology officer, respectively. Both appointments are effective immediately.

10 January 2002

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Digital Insight upgrades e-banking suite

California-based Digital Insight Corp. has upgraded its Axis Internet banking, management console and cash management products.

10 January 2002

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Finextra celebrates first anniversary

Finextra Research is celebrating its first year of operation with a new look and the promise of more enhancements to come for our growing community of financial technology professionals worldwide.

10 January 2002

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Mighter and Gissing in market data merger

UK-based market data solutions vendor Mighter Ltd. has entered a merger agreement with Gissing Consulting, to form a new company, Mighter Gissing Software (MGS).

10 January 2002

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OneChicago names Roger Walsh MD of operations

OneChicago, the joint venture created to trade single stock futures by Chicago Mercantile Exchange (CME), Chicago Board Options Exchange (CBOE), and Chicago Board of Trade (CBOT), has appointed the CBOE's Robert Walsh as managing director of operations.

10 January 2002

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EDS wins $250 million IT outsourcing deal with Malaysian bank

Malaysia's Bumiputra-Commerce Bank (BCB) has signed a ten-year multi-million dollar contract with EDS to outsource the management and operation of the technology infrastructure for its new financial IT and back office processing subsidiary, Epic-I.

10 January 2002

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OKO Bank implements Misys treasury solution

OKO Bank, the central bank for Finland’s co-operative banks, has gone live with Misys International Banking Systems’ Opics solution to support its head office treasury operations in Helsinki.

10 January 2002

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Brief: Rolfe & Nolan wins Hargreave Hale CFD contract

UK stockbroker Hargreave Hale has gone live with Rolfe & Nolan's contracts for difference (CFD) processing system.

10 January 2002

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