In December 2008 PayPal Merchant Services went live with an automated e-invoicing application for the UK business community, developed in partnership with electronic invoicing outfit OB10.
ActiveStream helps banks replace the cancel-re-book methodology for trade modification, reducing fraud and cost of manual processes; while ActivePivot allows real-time OLAP manipulation of fast moving risk data.
RiskVal Credit Enterprise (RVCE) is a structured credit risk management and trading system deployed in a number of tier-one investment banks since mid 2007. The solution for proactive risk management of complex credit derivative trading is notable for the stream of new features, made possible by the company's rapid development philosophy, which builds on direct feedback from the world's top credit derivative traders and risk managers.
Total Tri-Party is the first product designed to give securities finance professionals the complete, global picture of their collateral exposure through the tri-party agents.
Most large companies, particularly banks with international operations, struggle to share knowledge and encourage collaboration across their groups. Social networking platforms that are familiar to an increasing number of bank employees are now increasingly being deployed behind the company firewall, so employees can use blogs, wikis, RSS feeds and networking functionality to improve how they work.
Swedish banking group Skandinaviska Enskilda Banken (SEB) has launched an open social networking site for trade finance professionals. The Web-based community, called the Benche, is open to all trade finance professionals and others active in international trade, providing a location to network and share knowledge and experience.
Financial messaging network Swift targeted as many as 60 corporate and banking customers in live production of the new Lite interface device within just three months of its official launch at Sibos in September 2008.
When Lehman Brothers went to the wall in September 2008, the industry faced an unprecedented crisis of counterparty risk. How could banks stop ongoing transactions from settling with Lehman when these transactions relied on processes already underway across multiple complex systems within the bank?
As exchanges and multi-lateral trading facilities (MTFs) in Europe increasingly look to complement displayed liquidity with dark pools, SWX was the first out of the blocks with its Swiss Block neutral non-displayed block trading service for Swiss blue-chip securities.
Launched in June 2008, MoneyAisle is a free, fully-automated reverse online auction site where banks competitively bid against each other for customers through secure live auctions.
The Visa Card with one-time code, being offered to issuing banks by Visa Europe and Emue Technologies, is an innovative new way of securing online payment and banking transactions - and building consumer confidence.