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Online collaboration community Hub Culture is to make its Ven digital currency product available on Thomson Reuters data network and desktop terminals globally.
21 September 2011
Leading banks have expressed their disappointment at yesterday's news that Target 2 Securities (T2S), the European Central Bank's plan to streamline Europe's securities settlement structure, has been delayed yet again.
The ECB has called on central securities depositories (CSDs) to 'efficiently reshape' their IT infrastructure in order to integrate to the T2S platform, its proposed pan-European settlement service which has encountered further delays amid foot-dragging by CSDs and protracted arguments over costs and pricing.
The European Central Bank has once again been forced to push back the deadline for implementation of Target2 Securities, the Eurosystem's ambitious but controversial project to harmonise Europe's securities settlement structure.
20 September 2011
Deutsche Bank and Garanti Bank have signed a cooperation agreement for the establishment of a closer global relationship in cross-currency cash management and trade finance.
UK-based payments shop Earthport is to adopt the standards laid down by International Payments Framework Association (IPFA) as part of an international drive to meet small business demands for more efficient cross-border payments services.
A pilot exercise led by financial messaging cooperative Swift for a single multibank platform enabling corporates to manage their account electronically has been completed.
A bank-led initiative to develop a utility model for end-to-end automation in the payment investigations process is being held back by a lack of corporate involvement.
Brazil's Caixa Econômica Federal has consolidated its US dollar settlement needs with Deutsche Bank via cross-border payments network Eurogiro.
Germany's Deutsche Bank has teamed up with SEB of Sweden to establish a financial supply chain (FSC) programme for mutual customer Electrolux.
Bankers and corporates do not expect to meet a 2014 deadline for Sepa compliance, according to a straw poll of delegates conducted during a panel discussion of the controversial payment initiative at the annual congress of banking co-operative Swift.
19 September 2011
Deutsche Bank's expansion into Asia continues apace with the signing of new operational support and liquidity management arrangement with China Merchants Bank.
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