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Omgeo Celebrates 10th Anniversary
Omgeo, the global standard for post-trade efficiency, today announced that it is celebrating 10 years of successful partnerships with its global community in automating trade lifecycle events, streamlining operations and reducing counterparty risk. Founded in 2001 by Thomson Financial (now Thomson Reuters) and the DTCC, Omgeo has become a key partner in trade lifecycle automation….
Major Study Finds Rapid Adoption of Hosted Email Compliance
Financial institutions are rapidly moving to hosted email compliance and storage services to deal with increasing costs, risks and regulations, according to a study conducted by Forrester Consulting. The study was commissioned by Bloomberg Vault, a service that helps corporations globally meet compliance, regulatory and eDiscovery requirements. The poll of 187 executives with responsibility for…
Helm Bank Selects Oracle
Helm Bank, a Colombian private financial institution, has selected Oracle software and hardware to run its core banking, customer facing services and marketing functions. Helm Bank’s platform includes Oracle FLEXCUBE Universal Banking running on Oracle Exadata Database Machine which delivers extreme performance. Oracle Exadata is the only database machine that provides extreme performance for both…
State Street Report Highlights the Evolving Nature of Data Management and IT Within Financial Institutions
Global custodian State Street has released the first in a series of white papers examining the impact of technology on financial services, which (among other things) highlights the evolution of the IT and data management functions. Referring to the “true value of data”, the paper highlights the importance that data management and IT has taken…
Accuity Responds to the Continuing Libyan Crisis by Systematically Enhancing Global Sanctions Lists
Accuity, a provider of payment routing data, anti-money laundering (AML) screening software and services, today announced significant enhancements to its anti-money laundering and compliance offering – enhancements that have been developed in the light of the escalating situation in Libya. As the unrest in Libya continues to develop, Accuity has continued to enrich the OFAC…
Setting the Social Agenda
When you think of firms that are at the forefront of the social media trend, very few (if any) financial services firms immediately spring to mind. Those that do are likely from the retail world rather than cap markets, but there is activity taking place out there: you just need to know where to look…
PaceMetrics’ Giblin Discusses Op Efficiency Focused Partnership with BPM Provider Nimbus
EDM solution vendor PaceMetrics has this month signed a non-exclusive partnership agreement with business process management (BPM) solution vendor Nimbus to tie the former’s PaceMaker solution to the latter’s Nimbus Control solution. Gerry Giblin, CEO of PaceMetrics, explains that the two vendors have been working together over the last six months to develop the partnership,…
ISITC Europe Meeting Highlights Data Standardisation Challenges Underlying Electronic Trade Confirmation
Last week’s ISITC Europe meeting indicated that before any action can be taken to move to higher levels of electronic trade confirmation across the industry, a number of data standardisation challenges must be tackled first. Swift’s Fabian Vandenreydt, who was promoted to the position of head of Securities and Treasury Markets earlier this year and…
The Left Hand Isn’t Talking to the Right
This week saw the issue of legal entity identification raised within a number of forums, but the discussions during these various events seemed to indicate a degree of disparity between European and US approaches to the space. Moreover, they also highlighted a trend I noted back in December last year that the data management community’s efforts…
Sage and Talend Form Partnership to Boost Sage ERP X3 Interoperability Performances
Sage, a business management software provider and Talend, the worldwide leader in open source integration solutions, today announced the completion of a partnership, which will integrate Talend’s integration technologies with Sage ERP X3, Sage plc’s global ERP solution aimed at medium sized companies. Thanks to this global partnership, Sage ERP X3 customers will benefit from…