Financial messaging

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/Financial messaging

Isitc members feel the pain as crisis deepens

Financial industry association Isitc is reporting deep cuts in IT and staffing at member firms as the global economic crisis bites.

/Financial messaging

LSE selects Rapid Addition for FIX engine

The London Stock Exchange (LSE) has selected Rapid Addition for the provision of a FIX engine to its TradElect platform.

/Financial messaging

Lloyds TSB pays $350 million to settle cover payments charges

Lloyds TSB has been slapped with a $350 million penalty by the US Justice department over its "criminal conduct" in deliberately falsifying wire transfers destined for countries or individuals on US sanctions lists.

/Financial messaging

Euroclear to introduce ISO 200022-approved corporate actions standard

Euroclear is to introduce a new set of ISO 200022-compliant messages for the exchange of corporate actions information and instructions between central securities depositories and issuer-appointed agents,

/Financial messaging

Caja Madrid overhauls financial messaging with Sun Microsystems

Spanish savings bank Caja Madrid is overhauling its financial messaging strategy with Sun Microsystems' suite for Swift.

/Financial messaging

EMXCo names Euroclear's Yannic Weber CEO

Brussels-based depository Euroclear has installed its UK and Ireland chief executive officer Yannic Weber as CEO of subsidiary firm EMXCo, which provides electronic messaging to automate the flow of investment fund orders.

/Financial messaging

Swift set for greater involvement in e-invoicing

Financial messaging network Swift is consulting with its membership about the potential provision of an interbank e-invoicing exchange network and the creation of a banking industry wide standard.

/Financial messaging

Omgeo partners with Korean Securities Depository

The Korean Securities Depository is to partner with post-trade utility Omgeo to offer a service bureau for automated trade matching and processing for local investment houses dealing in overseas markets.

/Financial messaging

GL Trade revenue up, despite fall in OTC system sales and slower front-office growth

GL Trade has reported Q3 revenue up 10.5% to EUR162.8m despite its front-office sales being hit in Europe and sales of its Tradix and Sierra solutions falling worldwide.

/Financial messaging

JPMorgan runs successful Alliance Lite pilot at Swift treasury

JPMorgan has successfully completed a pilot implementation of Swift's Alliance Lite interface with the Belgium-based treasury business of the interbank co-operative.

/Financial messaging

SunGard ships white-labelled corporate payments package

SunGard has packaged its Ambit Payments system together with Sun Microsystems' software and hardware to deliver a pre-tested and pre-configured system for corporate payments.

/Financial messaging

Microsoft joins AMQP enterprise messaging effort

Microsoft has joined the Advanced Message Queuing Protocol (AMQP) Working Group at the request of banking clients looking to develop an open industry standard for enterprise messaging.

/Financial messaging

Fedwire and Chips to support new Swift cover payment messages

In anticipation of the November 2009 deadline for supporting Swift's new enhanced message format for cover payments, the Federal Reserve Banks (FRBs) and The Clearing House have completed and distributed specifications for banks transmitting cover payments through the Fedwire Funds Service and Chips, the US wire transfer systems.

/Financial messaging

Fundtech acquires UK Swift services outfit Synergy

BBP, the Swiss subsidiary of fintech vendor Fundtech, has acquired Synergy Financial Systems, a UK Swift service bureau, in a deal worth up to £3.6 million.

/Financial messaging

JPMorgan teams with Experian on Iban conversion service

JPMorgan Treasury Services is teaming with Experian Payments to provide an automated BIC and Iban conversion service for Sepa-compliant cross-border payments.

/Financial messaging

Sibos: Auf wiedersehen Vienna, nei hau Hong Kong

As the Sibos conference and exhibition in Vienna draws to a close, we look back on a turbulent week.

/Financial messaging

Funds industry standards could be years away, says Clearstream

Interoperable standards between banks, fund managers and their intermediaries could take decades to emerge, according to European clearing and settlement body Clearstream.

/Financial messaging

Polish Central Securities Depository signs for Microsoft BizTalk Server

The Polish National Depository for Securities (KDPW) is implementing Microsoft's BizTalk Server for Swift as its enterprise financial messaging platform and will use the technology for the transport, management and exchange of Swift transactions.

/Financial messaging

HSBC offers 'plug-and-play' outsourced payments processing

HSBC has launched a 'plug-and-play' outsourced payments system for corporates and banks looking to ease back office connectivity issues and lower the ongoing fixed costs associated with managing their own transaction processing activities.

/Financial messaging

ING selects Microsoft for settlement connectivity via Swift

Microsoft has been contracted by Holland's ING Investment Management to provide its BizTalk Server as the financial messaging platform for Swift connectivity to its settlement partner Bank of New York Mellon.