Latest Reconciliation News: Finextra Research

National Bank of Kuwait deploys SmartStream reconciliation technology

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

02 June 2009

News/Reconciliation

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.

26 May 2009

News/Reconciliation

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/Reconciliation

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.

23 March 2009

News/Reconciliation

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/Reconciliation

Standard Chartered signs for SmartStream reconciliations technology

Standard Chartered Bank has selected technology from UK-based vendor SmartStream Technologies to power a new global reconciliations platform.

02 December 2008

News/Reconciliation

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

News/Reconciliation

Finexpo to highlight new trends in risk and transaction management

The Finexpo - Risk & Transaction Management conference and exhibition has opened for registration. The event, on Thursday 5 February at The Brewery in London, will focus on the latest developments in risk management approaches, regulatory frameworks, data and transaction management solutions and clearing and settlement infrastructures.

28 November 2008

News/Reconciliation

Wall Street Systems launches post-trade processing utility

Wall Street Systems has launched a "pay as you go" post-trade processing utility for FX cash, FX derivatives, money markets, vanilla interest rate derivatives, and listed futures and options.

15 October 2008

News/Reconciliation

Canadian banks co-operate on Expertus E&I implementation

National Bank of Canada (NBC), Caisse Centrale Desjardins (CCD) and Laurentian Bank of Canada (LBC) have all deployed SwiftNet exceptions and investigations (E&I) software from US-based Expertus.

18 September 2008

News/Reconciliation

Swift extends E&I service to corporates

Financial messaging network Swift has extended its payment exceptions and investigations (E&I) package for corporate use, with the first companies expected to go live with the technology at the end of the month.

15 September 2008

News/Reconciliation

Failed payments costing Europe's banks EUR21bn a year - Misys

Despite the introduction of the single euro payments area this year, failed cross border transactions are costing European banks EUR21 billion a year, according to Misys.

03 September 2008

News/Reconciliation

Merrill Lynch rolls out Fiserv reconciliation technology

Merrill Lynch is implementing the CheckFree Frontier reconciliation system from Fiserv across its global operations.

14 February 2008

News/Reconciliation

Dubai buys SmartStream for £200m

The Dubai International Financial Centre (DIFC) - owner of the Dubai Stock Exchange - has agreed a deal to acquire British fintech vendor SmartStream Technologies for £200 million.

12 November 2007

News/Reconciliation

Citi providing real-time cash reporting to Morgan Stanley

Citi Global Transaction Services is to switch on SwiftNet real-time cash reporting for Morgan Stanley's broker dealer unit following successful pilot testing of the system.

03 October 2007

News/Reconciliation

Santander selects Microsoft products for global payments overhaul

Spain's Grupo Santander is to use Microsoft technology to upgrade and consolidate payments systems across its international business operations.

01 October 2007

News/Reconciliation

CheckFree introduces hosted reconciliation and exception management service

US e-banking and payments vendor CheckFree is launching a hosted reconciliation and exception management service aimed at financial services firms and corporations.

01 October 2007

News/Reconciliation

KBC selects Misys technology for SwiftNet TSU services

Belgian banking group KBC is implementing technology from UK software house Misys to provide corporate clients with services via the SwiftNet Trade Services Utility (TSU).

01 October 2007

News/Reconciliation

Smartstream postpones IPO

UK fintech vendor SmartStream Technologies says it is postponing its initial public offering (IPO) until further notice due to weak market conditions.

01 October 2007

News/Reconciliation

TCS and SmartStream team up to launch reconciliation utility

Deutsche Bank, an existing user of SmartStream's reconciliation technology, is the pilot customer for the utility, called TCS Aspire Service. The utility service is powered by SmartStream's Transaction Lifecycle Management (TLM) platform and delivered by Tata Consultancy Services (TCS).

28 September 2007