Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Swift plans sanctions screening outsourcing service for small banks

Financial messaging body Swift has pledged to improve the sanctions screening process designed to stop the flow of illegal money transfers by launching an outsourcing service for small banks.

27 October 2010

News/Operational risk

Disruptive clouds gather over banking technology market

Software developer Misys has announced a strategic alliance with Microsoft that will enable it to deliver new banking and capital markets applications through the Windows Azure cloud platform. The launch of the initiative comes as leading banks at the Sibos conference in Amsterdam discuss the disruptive potential of cloud computing on the banking technology market.

25 October 2010

Finextra TV/Operational risk

Risky Business

Andreas Hug, General Manager Ambit Business Unit, Sungard's talks about the new age of risk management.

25 October 2010

Finextra TV/Operational risk

Transparency and rebuilding trust

Nick Brewer of SunGard talks about a sustainable recovery in the financial services sector.

25 October 2010

Finextra TV/Operational risk

Self clearing is emerging as a trend

Self clearing is emerging as a trend according to peterevans.

25 October 2010

Finextra TV/Operational risk

Russia's financial markets deal with and new regulations.

Ruben Aganbegyan of MICEX talks about the development of the Russian financial markets through new regulation and clearing and settlement arrangements.

25 October 2010

Finextra TV/Operational risk

Banks need to move away from siloed risk management

Banks need to move away from siloed risk management practices and over-reliance on useful but insufficient models, says John Filby of Fiserv.

25 October 2010

News/Operational risk

EC bids to tame 'wild west territory' of OTC derivatives and short selling

The European Commission is proposing new regulations aimed at improving transparency and safety in over-the-counter (OTC) derivatives markets and tougher controls on short selling and credit default swaps.

15 September 2010

News/Operational risk

Singapore central bank slams DBS and IBM over systems outage

The Monetary Authority of Singapore (MAS) has strongly criticised DBS and IBM over last month's seven-hour system-wide outage, ordering the bank to redesign its online and branch technology and reduce its reliance on Big Blue.

05 August 2010

News/Operational risk

Broadridge buys City Networks

Broadridge Financial Solutions has acquired City Networks, a long-standing UK-based provider of reconciliation, multi-asset process automation and operational risk management software and services to the finance industry. Financial terms were not disclosed.

21 June 2010

News/Operational risk

Finance firms to spend bilions on risk management - survey

The top 100 financial institutions will spend over $100 billion a year implementing risk governance frameworks by 2012, according to research from business advisory firm Deloitte.

08 February 2010

News/Operational risk

Mexican banks choose SunGard for operational risk management

Following recent regulatory changes in the country, a group of Mexican banks have signed up for SunGard's operational risk management technology.

08 May 2009

News/Operational risk

SmartStream unveils new CEO, launches on-demand recs service

Philippe Chambadal, head of DIFC Investment's acquisition vehicle DClear, has taken the reins at SmartStream after Ken Archer stepped down in February. DClear became SmartStream's parent company in November 2007 when DIFC stepped in to acquire the vendor after its aborted IPO. Chambadal's first major task as CEO has been overseeing the development and launch of a software-as-a-service (SaaS)-based delivery model for the company's TLM Reconciliations product.

25 March 2009

News/Operational risk

Former Morgan Stanley operations VP charged with embezzlement

Richard Garaventa Jr., a former vice president at Morgan Stanley, has been arraigned at Manhattan's state Supreme Court on grand larceny and other counts. He maintains his innocence, but prosecutor Jeremy Glickman claims the 36-year-old defendant stole more than $2.5 million between September 2001 and December 2008.

18 February 2009

News/Operational risk

Italian interbank consortium to share operational risk data

The interbank consortium run by the Italian Banking Association (ABI) has rolled out an online database from List Group to share and analyse operational loss data in accordance with the Basel II Advanced Measurement Approach (AMA).

04 February 2009

News/Operational risk

Algorithmics signs Banque Centrale Populaire to risk technology

Morocco's Banque Centrale Populaire (BCP) has selected technology from Toronto-based vendor Algorithmics as the basis for its enterprise-wide risk management platform.

21 January 2009

News/Operational risk

Marfin Popular Bank signs for SmartStream reconciliation platform

Cyprus-based Marfin Popular Bank has chosen SmartStream's TLM Corona as its enterprise reconciliation platform.

21 January 2009

News/Operational risk

ICFR chief to set out new risk management agenda at Finexpo

Barbara Ridpath, chief executive of the newly-formed International Centre for Financial Regulation - a London think tank established by 19 leading financial institutions in co-operation with the UK Government and the City of London - is to participate in the opening panel at Finextra's forthcoming risk and transaction management event in February.

16 January 2009

News/Operational risk

Crisis exposes banks' weak risk management practices - Ernst & Young

The economic crisis has exposed inherent weaknesses in the risk management practices of banks, but few have a well-defined vision of how to tackle the problems, according to a study by Ernst & Young.

18 December 2008

News/Operational risk

Dubai Islamic Bank deploys Fiserv reconciliation technology

Dubai Islamic Bank has instituted centralised reconciliation technology from Fiserv's CheckFree unit in an effort to address transaction volume growth and mitigate operational and compliance risk exposure.

01 December 2008