327 Results from /wholesale, 2014
/wholesale
Bank boardroom focus on money laundering is at an all-time high, yet a third of executives think that their transaction monitoring systems are neither efficient nor effective, according to a survey from KPMG.
29 January 2014
Plans by Barclays to revamp its branch network are coming into focus, with chief executive Anthony Jenkins telling the BBC that the UK bank will close a quarter of its high street branches over the coming year.
A New York jury has heard how two former IT men employed by Bernard Madoff allegedly developed a raft of software programs to create fictitious transaction records designed to dupe auditors inspecting the company's books.
28 January 2014
In the wake of the Libor fixing scandal, Thomson Reuters has unveiled a service designed to help banks improve transparency and reporting when it comes to benchmark submissions and other price sensitive data.
27 January 2014
Tech spending by North American banks is expected to hit nearly $60 billion in 2014, marking a return to confidence in the sector after years of underinvestment.
24 January 2014
The European Commission has enlisted banks, telcos and universities for a new accelerator programme designed to help tech start-ups scale and take on the giants of Silicon Valley.
FCA-approved multilateral trading facility LMAX has agreed to list Ven, the digital currency created by online community Hub Culture, enabling brokers, banks and institutions to trade the virtual instrument.
23 January 2014
Denmark's Saxo Bank has unveiled an online social trading community where investors can share and discuss strategies.
US start-up Kensho has raised $10 million in seed funding to build an "intelligent market research assistant" that will answer complex financial questions asked in natural language.
With regulatory changes sparking a surge in demand for collateral, current operational processes and system infrastructures looks set to be overwhelmed, the Depository Trust & Clearing Corporation (DTCC) has warned.
22 January 2014
Marianne Brown, president and CEO of post-trade processing house Omgeo, has been appointed as chief operating officer of SunGard's financial systems business.
21 January 2014
New statistics released by the European Central Bank (ECB) show that migration to the Single Euro Payments Area (Sepa) gathered pace strongly in December.
20 January 2014
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