Treasury & Capital Markets/TCM


OpenFin tech for capital markets goes open source

New York-based OpenFin has open sourced its core technology and is giving application developers free access to its operating layer for financial desktop web applications via its OpenFin Community Edition. The firm, which is a provider of HTML5 runtime technology, says the open source project, called Hadouken, will run under an Apache 2.0 licence. It […]

Central Bank of Lesotho overhauls tech with Intellect Design Arena

The Central Bank of Lesotho has gone live on Intellect Design Arena’s Quantum Central Banking Solution (QCBS). According to India-based Intellect, the “key highlight was an accelerated implementation with zero errors during migration despite complex integration with multiple external interfaces”. Mothetsi Sekoati, head of business solution at Central Bank of Lesotho, says the project is […]

Nomura turns fintech Voyager in India

Asian investment bank Nomura plans to tap into India’s lively fintech scene with the launch of its “Voyager – Nomura Fintech Partnership” – including a new JPY 10 billion ($91.7 million) fund to provide support to start-ups. Nomura is inviting entrepreneurs to participate in the programme to build solutions for capital markets and investment banking […]

Nasdaq goes on attack with fintech investment programme

Nasdaq has unveiled its venture investment programme, Nasdaq Ventures, as it seeks out new fintech firms to work with in the global capital markets. Adena Friedman, president and CEO, Nasdaq, says it plans to “accelerate the pace of innovation”. The minority stake investments made by Nasdaq Ventures are expected to range from less than $1 […]

Nasdaq revamps Hong Kong Exchanges and Clearing tech

Hong Kong Exchanges and Clearing (HKEX) has chosen Nasdaq to upgrade the technological infrastructure of Hong Kong’s main derivatives market, including trading, clearing and real-time risk management technologies. The agreement also extends the existing relationship for an additional five years. HKEX and Nasdaq have been technology partners since 1994. Under the new agreement, Nasdaq will […]

Central Bank of Iceland chooses SIA for payments overhaul

The Central Bank of Iceland (CBI) has chosen Italian firm SIA to implement and support a new real-time gross settlement system (RTGS) and new instant payment platform. These technology infrastructures developed by SIA, are planned to go live in 2018, and will replace CBI’s current mainframe-based real-time solutions for high and low-value payment systems, which […]

SIX teams with DTCC to issue legal entity identifiers in Switzerland

SIX Securities Services, which runs the central securities depository (CSD) for Switzerland, is partnering with the Depository Trust & Clearing Corporation (DTCC) to offer legal entity identifiers (LEIs) for Swiss entities. According to SIX, LEIs were devised to provide insight into corporate entities with the aim of reducing cross-platform risk exposure. By providing LEIs together, […]

Image is everything for VocaLink and UK’s new cheque tech

VocaLink and BancTec, a part of SourceHOV, a provider of enterprise information management (EIM) and transaction processing solutions, will build the UK’s new image-based cheque clearing system. As Banking Technology reported this month, the Cheque and Credit Clearing Company (C&CCC) launched the industry-wide system to speed up processing for customers across the country. Paul Stoddart, […]

United States of happiness for two-day settlement rule

The US Securities and Exchange Commission (SEC) is being vigorously back slapped and group hugged by the finserv industry for finalising rule changes to help achieve a two-day settlement cycle (T+2). With an avalanche of acronyms, the Depository Trust & Clearing Corporation (DTCC), Investment Company Institute (ICI) and Securities Industry and Financial Markets Association (SIFMA), […]

UK cheque tech goes breakneck

The Cheque and Credit Clearing Company (C&CCC) has launched an industry-wide image-based cheque clearing system to speed up processing for customers across the UK. The new system will go live with some banks and building societies from 30 October 2017. Then, at some stage in the second half of 2018, all of the UK’s banks […]

ZrCoin crowdfunds first ever commodities option on blockchain

A new initiative will hold an initial coin offering (ICO) for the production of an industrial material using green technologies – creating the “first” commodity-backed cryptographic token in the process. Called ZrCoin, this will be a derivative – and with the option to buy an equivalent amount of synthetic Zirconium Dioxide (ZrO2). The latter may […]

Citi unveils APIs for treasury services

Citi’s Treasury and Trade Solutions (TTS) has launched an application programming interface (API) solution for payment initiation, payment status and account balance inquiries through its connectivity platform CitiConnect. As Banking Technology reported late last year, Citi unveiled a new global API developer portal, which it claimed to be the most comprehensive to date in the […]

Nordea releases new automated FX handling tool

Nordea Cash Management and Nordea Markets have launched AutoFX, an automated FX handling tool. Nordea says it is the first bank in the Nordics to offer this type of solution. AutoFX was developed in collaboration with a “large Nordic customer in the media industry”, in an effort to help modern treasury functions automate their daily […]

DTCC steps up DLT trial for repo transactions

The Depository Trust and Clearing Corporation (DTCC) announced that the proof-of-concept to improve the netting process for repo transactions using distributed ledger technology (DLT) has been successfully completed.

Bank of Khyber selects Autosoft’s treasury solution

Pakistan’s Bank of Khyber (BOK) has chosen Autosoft Dynamics’ Islamic treasury management system, Adams, and its RTGS STP utility (real-time gross settlement system straight-through processing), AutoRTGS. The government-owned bank will use Adams (automatic deal, money market and securities trading system) for conventional and Islamic treasuries, while AutoRTGS will be used for processing fund transfers between […]

Alior Bank extends partnership with Misys

Misys has announced Poland-based Alior Bank has signed for FusionCapital “to fuel continued rapid growth” (everyone, get your marketing jargon bingo cards ready!). What the announcement fails to mention is that Alior has already been using one of Misys’ treasury and capital markets (TCM) solutions, Opics, for nearly a decade. Opics is now known as […]

Haier Finance opts for Bloomberg’s FX electronic trading platform

China-based Haier Finance has adopted Bloomberg’s foreign exchange (FX) electronic trading platform (FXGO) and multi-asset risk system (MARS) for trading and risk management. Bloomberg FXGO provides access to liquidity from over 300 providers worldwide and commission-free trading for financial institutions, corporations, money managers and hedge funds across “all major” FX instruments including spot, forwards, options, […]

EquiChain launches new blockchain platform for capital markets

London-based fintech firm EquiChain has unveiled a working prototype blockchain platform for capital markets. The company plans to implement a full end-to-end “execution to custody” (E2C) pilot in 2017, as it jumps on the distributed ledger technology (DLT) bandwagon Nicholas Bone, EquiChain’s founder and CEO says it “creates a verifiable, transparent and immutable flow of […]

Five CSDs go live on Target2-Securities

Five European central securities depositories (CSDs) have migrated their respective communities to live operations on the Target2-Securities (T2S) platform using Swift’s value added network (VAN) solution. OeKB CSD (Austria), Clearstream Banking (Germany), LuxCSD (Luxembourg), Centrálny depozitár cenných papierov SR (CDCP) (Slovakia) and KDD – Centralna klirinško depotna družba (Slovenia) all migrated over. These five quickly […]

Askari Bank goes live on Autosoft’s Islamic treasury solution

Pakistan-based Askari Bank has gone live with Autosoft’s Islamic treasury management system, Adams Islamic, and its RTGS STP utility (real-time gross settlement system straight-through processing), AutoRTGS. The bank can manage its Islamic treasury operations using Adams Islamic as well as process funds transfers between banks using AutoRTGS. Adams Islamic is also integrated with the bank’s […]

Ancoa delivers AWS hosted market surveillance platform to Convergex

US-based brokerage services provider Convergex has implemented Ancoa’s market surveillance platform to monitor all trading activity across its domestic and international cash equities and options businesses. It also monitors trading activity of “all lit and dark venues” including Millennium, Convergex’s proprietary applicant tracking system (ATS). The cloud-based deployment is running on Amazon Web Services (AWS), […]

Banks and UN launch sustainable investment framework

United Nations, together with 19 banks and investors worldwide, have launched “a global framework aimed at channelling the money they manage towards clean, low carbon and inclusive projects”. The framework – The Principles for Positive Impact Finance – is a first of its kind set of criteria for investments to be considered sustainable, says the UN.

Wall Street Blockchain Alliance launches Blockchain Assets Working Group

The Wall Street Blockchain Alliance (WSBA), a US-based non-profit trade organisation, has set up a new working group – the Blockchain Assets Working Group (BAWG). It will focus on “native assets riding upon public blockchains, such as Bitcoin, Ethereum, Zcash, and more”, WSBA explains.

Transatlantic trio gets tough on financial crime

A three-way alliance of legal firms is helping Europeans call out financial wrongdoing and benefit from US whistleblower laws. New York-based Meissner & Associates is collaborating with Stuttgart/Berlin-based Naegele and London-based Brahams Dutt Badrick French (BDBF) to create the new transatlantic initiative, the “first of its kind”. The plan is to help employees, suppliers and […]

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