02 October 2014

Company announcements

 
Wholesale banking

China Merchants Bank to expand cash management relationship with Asia Accelerator

29 September 2014  |  1043 views  |  0

China Merchants Bank and Deutsche Bank today announced the signing of a Memorandum of Understanding (MOU) expanding their cash management relationship by leveraging Deutsche Bank’s Asia Accelerator solution to process China Merchants Bank’s US dollar and Euro intra-Asia payments.

 
Transaction banking

CitiDirect BESM tablet app now on Windows 8.1

29 September 2014  |  1062 views  |  0

At the Sibos conference in Boston on Monday, Microsoft Corp. announced the availability of Citi's CitiDirect BESM Tablet app for Windows 8.1.

 
Retail banking

Credit Karma scores $75 million in follow-up funding

29 September 2014  |  882 views  |  0

Credit Karma, a consumer finance and technology company, today announced that its Board of Directors has approved $75 million in new investments in an add-on growth round from existing investors Google Capital, Tiger Global Management and Susquehanna Growth Equity.

 
Transaction banking

PTA Bank to establish export credit guarantee programme

29 September 2014  |  569 views  |  0

Deutsche Bank today signed a memorandum of understanding (MOU) with Eastern and Southern African Trade and Development Bank (PTA Bank) to offer GSM-102, a program guaranteeing credit to encourage financing of commercial exports of US agricultural products, while providing competitive credit terms to buyers.

 
Retail banking

Fundtech upgrades Global PAYplus

29 September 2014  |  563 views  |  0

Fundtech, a market leader in global transaction banking solutions, today announces significant enhancements to its global payment services hub solution, Global PAYplus.

 
Retail banking

Tube refit pushes London transit contactless journeys past the one million per week mark

29 September 2014  |  1328 views  |  0

More than one million journeys have now been made using contactless payment cards and devices since Transport for London (TfL) launched the new way to pay for public transport in London last Tuesday, 16 September.

 
Wholesale banking

Royal Bank of Canada joins Ibos network

29 September 2014  |  1224 views  |  0

Royal Bank of Canada (RBC) has joined the IBOS international banking network to access the wide range of cross-border and local banking services, in support of its Canadian client base who are expanding their business globally.

 
Risk & regulation

RBS in Luxembourg chooses MSCI for regulatory risk reporting

29 September 2014  |  1065 views  |  0

MSCI Inc. (MSCI), a leading provider of investment decision support tools worldwide, announced today that following a rigorous selection process RBS (Luxembourg) S.A (“RBSL”), has chosen MSCI as its vendor for regulatory risk reporting.

 
Trade execution

LSE's globeSettle slected by CME Clearing Europe as collateral location

29 September 2014  |  732 views  |  0

London Stock Exchange Group’s new central securities depository (CSD), globeSettle, has been selected by CME Clearing Europe as an additional securities collateral location for their members.

 
Cards

MasterCard to create mobile app index

29 September 2014  |  1858 views  |  0

At the World Retail Congress today, MasterCard announced the start of a unique pan-European index to map all publicly available mobile shopping apps in Europe named the Mobile Top App Index by MasterCard.

 
Post-trade & ops

Majority of AsiaPac firms not prepared for European move to T+2 - Omgeo

29 September 2014  |  667 views  |  0

A comprehensive study published by Celent and commissioned by Omgeo, the global standard for post-trade efficiency, revealed that 58% of firms in Asia Pacific are not prepared for a shorter settlement cycle in Europe which will change from trade date plus three days (“T+3”) to trade date plus two days (“T+2”) in October.

 
Wholesale banking

Calypso extends SAP partnership

29 September 2014  |  1194 views  |  0

Calypso Technology, a leading provider of software solutions for the financial markets, today announced it has joined the SAP® PartnerEdge® program for Application Development.

 
Transaction banking

Misys launches integrated corporate banking platform

29 September 2014  |  1066 views  |  0

Misys, the leading financial software company, has launched Misys FusionBanking Corporate FrontOffice, a unified corporate client front end, integrated with enterprise pricing and credit lifecycle management.

 
Wholesale banking

OptionsCity extends support to CME market data platform 3.0

29 September 2014  |  779 views  |  0

OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, today announced that the firm has completed certification with CME Group’s Market Data Platform (MDP) 3.0.

 
Cards

First Data partners eWay to expand Australian business into Asia

29 September 2014  |  1130 views  |  0

First Data, the global leader in payments technology and services solutions, and eWAY, a global leader in eCommerce, today announced a strategic alliance that will enable more Australian businesses to expand into Asia’s rapidly growing eCommerce markets.

 
Trade execution

The Bank of Russia Recognizes NSD and NCC as Systemically Important

29 September 2014  |  583 views  |  0

The Central Bank of the Russian Federation has recognized National Settlement Depository (NSD), Russia’s central securities depository, and National Clearing Centre (NCC) as systemically important infrastructure for Russia’s financial market.

 
Wholesale banking

SmartStream ships TLM Exception Management Version 2.0

29 September 2014  |  622 views  |  0

SmartStream Technologies, the leader in Transaction Lifecycle Management, today announced the release of Version 2 of their TLM® Exception Management product.

 
Transaction banking

Surecomp SCF-PRO gets Swift supply chain finance label

28 September 2014  |  1266 views  |  0

Surecomp®, the leading global provider of trade finance solutions for banks and corporations, announced today that SCF-PRO®, its innovative supply chain finance solution for banks and corporations, has been awarded the “SWIFT Certified Application – Supply Chain Finance” label.

 
Retail banking

Busan Bank contracts with IBM for inhouse mobile products

26 September 2014  |  1789 views  |  0

IBM (NYSE: IBM) today announced a collaboration with Busan Bank to create a set of secure, customized mobile apps that will improve employee productivity and decision making to enhance the customer experience.

 
Payments

Kabbage attains Triple BBB debt rating

26 September 2014  |  1759 views  |  0

Kabbage, Inc., the leading online provider of small business loans, announced today that it has attained a BBB rating on $136 million of class A notes that are part of its $270 million securitized credit facility.

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