3201 Results from 2003
/wholesale
The investment division of T. Rowe Price is to outsource the management of its operational software infrastructure to Sybase in a five-year deal.
16 December 2003
/retail
First Data has agreed to divest its 64% ownership stake in the Nyce debit card network in return for regulatory approval of its proposed purchase of rival credit card processor Concord EFS.
/regulation
Poland's PKO Bank Polski is implementing Toronto-based Algorithmics' Algo Market and Algo Credit applications as the basis for its new enterprise-wide risk measurement system.
ING subsidiary Williams de Broë (WDB) has signed with STB Systems for implementation of its regulatory reporting and anti-money laundering software.
/payments
Mellon Treasury Services has introduced Liquidity Management Service (LMS), a Web-based investment tool that enables clients to purchase money market funds and securities online.
Treasury trading systems vendor Wall Street Systems has appointed John Murray as sales manager for Southern Europe, Middle East and Africa.
Financial services consultancy Capco has concluded a $15 million financing round with existing investors, led by Thomas Weisel Capital Partners with a $10 million investment.
15 December 2003
Accenture is to take a small equity stake in Financial ServiceSolutions, the mortgage outsourcing venture founded earlier this year by Bank of America and Fidelity National Financial.
CIBC has become the first major Canadian bank to introduce online authentication for cardholders shopping over the Internet.
Belgium's KBC has deployed middleware technology from SeeBeyond to integrate front and back office systems across the group and provide a direct connection to external partners and Euronext.
US financial software house IBSN has developed an XTP protocol translator for firms executing trades via the OM-developed Saxess exchange trading system.
HyperFeed Technologies has partnered with financial IP network Savvis to launch the global 'Data Delivery Utility', a real-time market data and financial applications distribution service.
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