Latest Sibos News: Finextra Research

Gresham promises 'jam tomorrow' following disappointing first half

Gresham Computing is forecasting a bump in second half annuity income from its real-time financial solutions business after reporting a disappointing first half to June 30 in which losses doubled to £1 million on revenues of just £5.6 million - down 22% from last year.

28 August 2009

/Sibos

ANZ pays US Treasury $5.75 million to settle alleged sanctions-busting violations

ANZ has agreed to pay the US Treasury's Office of Foreign Asset Control (Ofac) US$5.75 million to settle alleged violations of US economic sanctions in trade finance transactions with counterparties in Sudan and Cuba.

27 August 2009

/Sibos

Top banks count the cost of PSD compliance

Tier one banks in Europe have set aside as much as EUR20 million each to attain compliance with the EU's Payment Services Directive (PSD) by November, with about 30% of the budget earmarked for technology changes.

25 August 2009

/Sibos

China's ICBC signs for Swift workers' remittance service

Industrial and Commercial Bank of China (ICBC) has signed for a new remittance service from Swift to support cross-border person-to-person payments.

17 August 2009

/Sibos

EU to give US access to payments data

The European Union has approved the framework for talks that will give the US Treasury Department access to banking data processed over the international Swift interbank network.

03 August 2009

/Sibos

Swift relaxes corporate access rules

Bank-owned co-operative Swift is looking to extend its influence in the corporate treasury market by relaxing stipulations that limit access to exchange-listed entities only.

22 July 2009

/Sibos

Swift taps Quantum4D visualisation software

Financial messaging network Swift has deployed visualisation software from Quantum4D to help improve its ability to analyse and model the community's network.

17 July 2009

/Sibos

Corporates crying out for remittance data - AFP

US corporations are overwhelmingly supportive of bank moves to incorporate remittance information in wire transfers, according to a study by the Association for Financial Professionals.

14 July 2009

/Sibos

Swift gaining traction among US corporates

Financial messaging network Swift is gaining traction among US corporate treasuries according to a survey conducted by Financial Insights, in a move that presages a subtle shift in the balance of power between banks and their corporate clients.

08 July 2009

/Sibos

Software AG acquires Swiss Swift specialist Teconomic

IT systems house Software AG is to expand its presence in the market for Swift-related services with the acquisition of Swiss fintech firm Teconomic.

08 July 2009

/Sibos

European exchanges and clearers lay down interoperability guidelines

Trading and clearing venues across Europe have agreed a set of standards to cover the electronic exchange of trade information between competing market infrastructures.

02 July 2009

/Sibos

EBA Clearing banks launch direct debit implementation forum

Future participants in the Sepa Direct Debit (SDD) Services of EBA Clearing convened today to launch an implementation forum. The central objective of the forum is to ensure a smooth start-up of the EBA Clearing SDD Services and promote commercial development of the SDD Core and B2B payment instruments.

01 July 2009

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