Latest news 22 May 2013

Numerix Dramatically Reduces Calculation Time for Insurance Solvency Regulations  Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management today announced new functionality and innovation now available in Numerix Leading Hedge, an enterprise solution for the risk management,... read more

A CGI and Euro Banking Association (EBA)-sponsored payments survey carried out under the auspices of the Financial Services Club has questioned 422 participants from 47 countries and found that 79% of eurozone respondents are not yet ready for the single euro payments area (SEPA) end date of 1 Feb 2014, with 57% still in the planning... read more

EBA Clearing has issued a call for participation in its MyBank E-mandate Pilot to banks and service providers ahead of its planned start in October. Corporate treasuries and billers are keen to see a universal e-mandate solution that can be used to electronically collect single euro payments area (SEPA) Direct Debits (SDDs) from... read more

The International Monetary Fund (IMF) said on Monday (20 May) the US was cutting too deep with its austerity measures. Unemployment in the US is currently very high, but the country is still on track to reduce its budget shortfall by the largest amount in almost 50 years. However, the IMF believes this is too much, with Carlo... read more

Goldman Sachs is to sell its remaining stake in Industrial and Commercial Bank of China (ICBC) after making more than $7.3 billion for the investment bank, its private equity funds and some senior partners. The company has less than half a per cent stake in the Chinese bank, which is the world’s biggest by market value, and... read more

Cronto offers a patented visual transaction signing solution for financial sector  Acquisition provides technology for VASCO’s core banking market and MYDIGIPASS.COM  Strengthens VASCO’s innovation initiatives  VASCO Data Security International, Inc. (NASDAQ:... read more

Trintech’s End-to-end Financial Governance Solution Offers First Mobile Management and Review of Record-to-Report Process  Trintech, a leading global provider of integrated software solutions for the Last Mile of Finance, today announced availability of the Cadency™ mobile application at its 17th Annual Customer... read more

1.3 million Australians able to redeem rewards instantly at the point of sale at one of Australia’s favourite retail department stores  Welcome Real-time, the global leader in innovative loyalty solutions today announced that it is working with Aimia to deploy its Welcome XLS solution for the Commonwealth Bank of... read more

The SS&C GlobeOp Forward Redemption Indicator for May 2013 measured 3.77%, up from 2.95% in April.  “Redemption requests are in line with the May historical averages,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. The SS&C GlobeOp Forward Redemption Indicator represents... read more