B-next Launches MACOC:AML and MACOC:Fraud
B-next, a provider of market conformity software solutions to financial institutions, announces the release of MACOC:AML and MACOC:Fraud. B-next has partnered with Cellent Finance Solutions, a leading vendor in enterprise-wide analysis of risks and hazards, integrating its AML and fraud solution into its MACOC platform and can also connect to b-next’s MACOC:Cockpit. This MACOC:Suite offers...
Morgan Stanley Selects GlobeOp to Provide Managed Account Services
Morgan Stanley has selected GlobeOp Financial Services to provide independent middle and back office services, and detailed daily data and reporting for its managed account platform ALPHAS. “Managed accounts require significant infrastructure to meet fund manager and investor demands for operational transparency and independently reconciled data,” said Ron Tannenbaum, managing director, GlobeOp. “We welcome the...
DVS Publisher Suite Boosts Support for the Key Investor Information
DVS Publisher Suite, Princeton Financial Systems’ investment reporting solution, boosts support for Key Investor Information documents (KII), also called Key Investor Disclosures (KID). These standardised information sheets will replace the current Simplified Fund Prospectus in line with the implementation of the UCITS IV guidelines (UCITS: Undertakings for Collective Investments in Transferable Securities). KII’s standardised content...
Princeton Financial Systems introduces DVS Fund Warehouse 5.9 and DVS Publisher Suite 3.2
Princeton Financial Systems has released new versions of its data management platform DVS Fund Warehouse (DVS) and its automated fund reporting solution DVS Publisher Suite. Both versions offer significant functional enhancements. DVS Fund Warehouse 5.9 comes with new possibilities for global attributes allowing clients to easily integrate data that are not related to a specific...
Swift to Reduce Message Prices by an Average 20 Percent
Swift, the provider of global financial messaging services, announced today that it is reducing the price of messages on its core FIN service by an average of 20 percent. This will represent an estimated saving of EUR 70 million for Swift customers in 2011. The new pricing plan takes effect on 1 January 2011. “We...
Kinetic Partners’ Survey Shows Concerns About the New Regulatory Structure
A survey conducted by Kinetic Partners of over 90 senior figures in the asset management, banking and broking industries shows a lack of confidence in future structures for regulating financial services in the UK. Nearly two thirds (65%) were not confident that the post-FSA structures within the Bank of England will be better than the...
IMF Publishes Possible Revisions to its Data Quality Assessment Framework
Given the regulatory community’s crackdown on data quality across the financial services industry, the International Monetary Fund’s (IMF) recently published paper on the improvement of its data quality assessment framework indicators is judiciously timed. In the paper, the IMF’s statistics department suggests improvements to its current set of metrics against which to measure the quality,...
SEC Adopts Temporary Rule Requiring Municipal Advisors to Register With Agency
The Securities and Exchange Commission today announced that it has adopted a temporary rule requiring municipal advisors to register with the SEC by 1 October, a deadline established by the newly-enacted Dodd-Frank Wall Street Reform and Consumer Protection Act. Municipal advisors provide advice to state and local governments and other borrowers involved in the issuance...
B-Next Releases MACOC:DOC Application for Cost Effective Reporting for FSA Arrow Visits
B-next, specialists in software solutions to manage risk and meet regulatory compliance, announces today the release of MACOC:DOC, an application with the capability to demonstrate detailed reporting for FSA ARROW visits and complete management of all capital markets compliance processes. b-next has partnered with arvato systems Technologies (a Bertelsmann company), an international media and communication...
Central Bank of Oman Selects FRSGlobal to Implement its Banking Oversight and Research Solutions Project
FRSGlobal today announced that the Central Bank of Oman (CBO) has selected FRSGlobal to implement the new Banking Oversight and Research Solutions (BORS) project, in order to streamline and automate supervision and analysis of authorised financial institutions in the Sultanate. Hamood Sangour Al Zadjali, executive president of the CBO, stated that: “The 21st century will...