Reconciliation

226 articles tagged with this keyword

/Reconciliation

KPAX launches cloud based data reconciliation, comparison and matching platform

KPAX, the automated platform which allows users to compare, match and reconcile financial data of any size or type, launched its cloud based offering, BlueBird, at Finovate Europe in London.

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Broadridge acquires TwoFour Systems

Broadridge Financial Solutions, Inc. (NYSE: BR) has acquired TwoFour Systems LLC, a provider of real-time foreign exchange solutions for banks and broker-dealers, to address the rising demand for advanced FX and cash management technology among financial institutions.

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Nottingham BS selects GroupIT to replace legacy reconciliation system

Aurum Solutions today announced that The Nottingham, a UK mutual building society, has selected GroupIT to replace its legacy bank reconciliation system.

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SmartStream appoints partner in Turkey

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) specialist, has appointed Fineksus as its distribution partner for Turkey.

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Fiserv earns Swift certification for Accurate Reconciliation package

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that it has been awarded the 2014 SWIFT Certified Application Reconciliation label for its Accurate(TM) Reconciliation solution for transaction matching, reconciliation and exception management.

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London Stock Exchange partners Wipro to launch reconciliation utility

The London Stock Exchange has partnered with Indian IT services firm Wipro to launch a hosted reconciliation utility designed to eliminate the needs for firms to invest in technology, people and processes for tracking their outstanding transactions.

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Deutsche Bank builds Accounts Receivable Manager for Sepa for PayPal

Deutsche Bank has launched Accounts Receivable Manager (ARM) for Sepa, a corporate cash management tool initially developed for e-commerce giant PayPal

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Banks announce support for SAP corporate cloud messaging network

Bank of America Merrill Lynch, The Bank of Tokyo-Mitsubishi UFJ, Citi, Deutsche Bank, Nordea, Royal Bank of Scotland and Standard Chartered Bank have announced their involvement in the development of the SAP Financial Services Network (FSN), a cloud-based corporate-to-bank connectivity platform.

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Dealing firms not ready for real-time reconciliation - survey

More than half of financial institutions have not yet embarked on real-time reconciliation for any of their asset classes and do not expect to be in a position to move to do so by the end of 2013, according to a survey conducted by Gresham Computing

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Icap's fintech incubation vehicle invests in Model Two Zero

Euclid Opportunities, the vehicle set up by interdealer broker Icap last year to provide seed funding to new fintech companies, has invested in London-based post-trade software firm Model Two Zero.

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UBS admits to breakdown in risk control systems

In the wake of its recent $2.3 billion loss through unauthorised trading, Swiss bank UBS has admitted that internal controls were "not effective".

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IT spending on reconciliation and exception management set to soar - Celent

Global IT spending on reconciliation exception management will hit $700 million this year, with around half of this making its way to third party software vendors, according to research house Celent.

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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.

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Misys and SmartStream forge post-trade STP tie-up

Fintech vendors Misys and SmartStream Technologies have formed a partnership designed to tackle risk control problems and inefficiency across the trade transaction lifecycle.

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Temenos signs Bank of Georgia to T24

Bank of Georgia (BOG) has signed for the T24 core banking system from Swiss vendor Temenos in a bid to consolidate operations on a single platform.

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SmartStream launches new division to deliver trade processing and data utilities

SmartStream's new DClear Utilities division, launched at Sibos in Hong Kong, aims to serve financial institutions using a shared service centre model for common processing services. The DClear Reference Data Management Utility is the first such utility to be launched and the company says it has already signed an un-named US-based financial institution.

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National Bank of Kuwait deploys SmartStream reconciliation technology

National Bank of Kuwait (NBK) has implemented SmartStream Technologies' TLM Corona for cash reconciliations and investigations.

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Northern Trust adds Markit post-trade suite to OTC platform

Northern Trust is to strengthen its over-the-counter derivatives processing platform for third party clients with the addition of a suite of post-trade confirmation matching and reconciliation services from financial information outfit Markit.

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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.

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SS&C buys financial data hub Evare

Connecticut-based fintech vendor SS&C Technologies has acquired Evare, a managed service provider for financial data acquisition, transformation and delivery. Financial terms of the deal were not disclosed.