LaSalle Bank, a Midwest U.S. bank owned by ABN Amro, has expanded its license of XcitekSolutionsPlus (XSP) for end-to-end automation of corporate actions processing for another five years. The deal, originally signed in 1999, will now run through 2010. The extension includes the addition of an ISO messaging module as well as eTran for web-based notifications and response capture capabilities.
As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...
By Sarva Srinivasan, head of global strategy and managing director at NeoXam, Americas. In most financial institutions, reconciliation has traditionally lived quietly in the background. It is often viewed as a necessary control process that ensures transactions, positions and balances match across systems and counterparties. Important, yes, but rarely considered fundamental to the business. But...
Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.
Despite the setback of the FTX collapse, institutional interest in digital assets has grown markedly in the past 12 months, with firms of all sizes now acknowledging participation in some form. While as recently as a year ago, institutional trading firms were taking a cautious stance toward their use, the acceptance of tokenisation, stablecoins, and...
