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

NZX chooses Swift for clearing and settlement messaging

The New Zealand Stock Exchange (NZX) says it will use the Swiftnet FIN network for clearing and settlement messaging.

22 July 2008

Standards bodies collaborate for interoperability

The major financial market standards bodies have collaborated to create an 'investment roadmap' aimed at eventually establishing ISO 20022 as the common financial messaging standard, while maintaining the existing independent protocols.

06 May 2008

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Buy-side spending on research technology to hit $1.1bn by 2010

Global buy-side spending on research technology is set to rise from $586m in 2007 to $1.1bn by 2010 - a compound annual growth rate (CAGR) of 22% - according to the latest TowerGroup research.

18 October 2007

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Microsoft develops payments system for Italian bank

Italy-based Banca Monte dei Paschi di Siena (MPS), considered to be the world's oldest bank, has implemented a payments processing product for its corporate customers based on Microsoft technology.

04 October 2007

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Sun treasury works with BofA on ISO20022 payments messaging

The growing support among both corporates and banks for the ISO 20022 messsaging standard was illustrated today with the news that Bank of America and Sun Microsystems are piloting a payments processing system based on the specification.

02 October 2007

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Deutsche Bank to shield corporate customers from Sepa changes

Deutsche Bank has unveiled a four-pillar strategy to handle all payments with Sepa criteria in the same way as legacy domestic mass payments, irrespective of format, value and access channel. It will also provide message transformation, a new account model, and support for transaction initiation and reconciliation processes for its corporate clients.

18 September 2007

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Iona acquires C24 to strengthen financial services focus

Nasdaq-listed Iona Technologies has purchased privately held data and messaging software company C24 for an undisclosed fee.

06 March 2007

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Dow Jones launches XML data feed for algorithmic trading

Dow Jones is looking to cash in on the rising popularity of algorithmic trading with the launch of a data feed that delivers news items in XML format which can be rapidly processed by electronic trading programs.

06 March 2007

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Finextra and Microsoft partner on City developer forum

Finextra is partnering with Microsoft to devise a one-day conference programme for developers in the City.

21 December 2006

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FSA ditches XBRL

The UK's Financial Services Authority has stated that it will not be introducing the eXtensible business reporting language (XBRL) format for filing of financial and regulatory returns.

30 November 2006