02 September 2015

Latest News

SunGard apologises for BNY Mellon system glitch
Wholesale banking

SunGard apologises for BNY Mellon system glitch

28 August 2015  |  4147 views  |  0 comments | 4 tweets | 3 linkedin

SunGard has issued a public apology to custody bank BNY Mellon for the outage of its InvestOne accounting system used by the bank to price thousands of funds.

HSBC closes 'branch for the rich'
Mobile & online

HSBC closes 'branch for the rich'

28 August 2015  |  5116 views  |  1 comments | 12 tweets | 6 linkedin

Rich people use the internet, too. HSBC is blaming the rise in online banking for its decision to shut down a branch in Poole that caters only to wealthy customers.

Goldman Sachs embarks on Warsaw tech hiring spree
Wholesale banking

Goldman Sachs embarks on Warsaw tech hiring spree

27 August 2015  |  3400 views  |  0 comments | 4 tweets | 1 linkedin

Goldman Sachs is preparing to add hundreds of new employees to its technology and operations base in Warsaw, Poland.

Dark pool lawsuit against Barclays dismissed by US judge
Trade execution

Dark pool lawsuit against Barclays dismissed by US judge

27 August 2015  |  3191 views  |  0 comments | 4 tweets | 1 linkedin

A US district court judge has thrown out a lawsuit brought against Barclays and a number of US exchanges that accused the bank of rigging its dark pool in favour of high frequency traders (HFTs).

SunGard system glitch causes havoc for BNY Mellon and US funds market
Post-trade & ops

SunGard system glitch causes havoc for BNY Mellon and US funds market

27 August 2015  |  7197 views  |  0 comments | 14 tweets | 12 linkedin

BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.

Wirecard bids for Worldpay - Bloomberg
Payments

Wirecard bids for Worldpay - Bloomberg

26 August 2015  |  5561 views  |  1 comments | 10 tweets | 7 linkedin

German payments giant Wirecard has made a £6 billion bid for British rival Worldpay, according to Bloomberg.

Kenya's NIC Bank links to Twitter and WhatsApp
Payments

Kenya's NIC Bank links to Twitter and WhatsApp

26 August 2015  |  6299 views  |  0 comments | 27 tweets | 17 linkedin

Kenya's National Industrial Credit (NIC) Bank is set to enable customers to view their balances and make payments via WhatsApp, Facebook and Twitter.

Oxfam and Visa use prepaid cards for disaster relief
Cards

Oxfam and Visa use prepaid cards for disaster relief

26 August 2015  |  5063 views  |  0 comments | 12 tweets | 11 linkedin

Oxfam has teamed up with Visa, Philippines-based UnionBank and payments firm i2c to channel funds to people in disaster-affected communities through prepaid cards.

Survey shows commercial lenders under threat from non-bank players
Wholesale banking

Survey shows commercial lenders under threat from non-bank players

26 August 2015  |  5195 views  |  0 comments | 15 tweets | 11 linkedin

Digitally enabled insurgents are placing bank-based lenders under increasing pressure and pose "a significant threat to every part of the commercial lending business" says a survey conducted by Misys.

Buy-side still reliant on manual process for complex derivatives - report
Wholesale banking

Buy-side still reliant on manual process for complex derivatives - report

26 August 2015  |  2846 views  |  0 comments | 5 tweets | 8 linkedin

Almost half of asset managers are still reliant on costly manual processes to manage complex derivatives creating a dangerous level of operational risk according to a report from buy-side systems vendor SimCorp.

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