Reconciliation

224 articles tagged with this keyword

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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.

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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.

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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.

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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.

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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.

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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.

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Merrill Lynch rolls out Fiserv reconciliation technology

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

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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.

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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.

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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.

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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.

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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).

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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.

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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).

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SmartStream plans October IPO

SmartStream will list on the London Stock Exchange in early October and hopes to raise £70-£100 million, giving the company a market capitalisation in the range of £250-£300 million. This would make it London's largest main board listing of a technology company since 2001.

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Banco Popolare live with SmartStream's TLM Corona

Italian banking group Banco Popolare is using technology from UK-based SmartStream to automate reconciliations and exception management processes.

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Lloyds TSB automates payments exceptions with Pegasystems

UK banking group Lloyds TSB is implementing the Smart Investigate package from Massachusetts-based Pegasystems to automate and streamline payment exception management processes.

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Failed Sepa transactions to cost banks EUR1.3bn

New research released by LogicaCMG indicates that the cost to banks of dealing with failed Sepa transactions could rise as high as EUR1.3 billion immediately following the introduction of the single euro payments area in January 2008.

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SmartStream releases post-trade processing package

UK fintech vendor SmartStream Technologies has launched TLM Trade Process Management, a software package designed to help financial firms automate post-trade processes across multiple asset classes, including OTC derivatives.

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Banca Akros implements Smartstream's Corona CLS module

SmartStream Technologies has signed Italian investment bank Banca Akros to its Corona CLS software, a reconciliation system for foreign exchange transactions settled in the CLS Bank.