The FinTech spotlight also shines on news from Fiserv, Linedata, and enepath.
The Project’s Success Bodes Well for Other DLT Applications
DH Corp., a provider of technology solutions to financial institutions globally, and Dutch bank Rabobank announced that they have successfully completed a proof of concept for blockchain/distributed ledger technology (DLT) that supports D+H’s payments services hub, and paves the way for other applications of DLT.
The new collaboration, which uses Coin Sciences’ multichain blockchain solution, “is able to execute cross-border payments in near real-time for the bank,” according to vendor and bank officials.
Officials add that the solution address three key areas: the ability to complete end-to-end transactions in near-real-time; the ability to send funds to any of the bank’s closed user group members; and the ability for both payer and payee bank to agree to the payment before it is committed, “preventing non-settlements or rejections after payment processing.”
Rabobank has been investigating blockchain for the past two years and foresees this technology as “a game-changer for many financial use cases,” officials say. “In addition to cross-border payments, the bank is investigating the use of blockchain for other ongoing projects, including payments through the Internet of Things, Know-Your-Customer registration, trade finance documents, and more.”
As a partner of blockchain accelerator Nexuslab, Rabobank works together with startups and corporates to find new business models to ultimately improve its customers’ experience.
“Rabobank has been able to validate the processing of blockchain payments in its own environment,” says Heimen Schuring, head of channel support and payment engine at Rabobank. “We have seen meaningful results that tell us that further exploration of blockchain functionality is worthwhile.”
Fiserv Launches Hosted Version of Frontier Reconciliation
Ops vendor Fiserv is making Frontier Reconciliation available as a hosted, software as a service (SaaS) offering, vendor officials say.
The SaaS version of the Frontier Reconciliation system, which automates balance sheet reconciliation, cuts implementation time and provides seamless access to Frontier Reconciliation via a secure private cloud, officials say. The vendor is serving the market segment that does not want to invest in their own IT staff, data centers, servers and other infrastructure.
Linedata Enhances Risk Reporting & Analytics Suite
Investment management systems vendor Linedata has enhanced the risk reporting and analytics suite Linedata Derivation, adding capabilities based upon client feedback, officials say.
The Linedata Derivation system includes real-time risk, analytics, and portfolio management solutions that target institutional and hedge fund managers across all asset types and structures, officials say.
The new capabilities are focused on interconnectivity via enhancements to the order management and pre-trade compliance features, analytics for new pricing models, and an intuitive user experience (UX) that “simplifies complex views and provides greater flexibility in reporting,” officials say.
“In addition to its current clients, users across the spectrum of Linedata Global Hedge and Linedata Longview are eager to benefit from these new functionalities,” says Gary Brackenridge, global head of asset management at Linedata, in a statement.
enepath launches new Eclipse voice trading product suite
Turret solution provider, enepath, has launched its Eclipse product suite “at a cost that has not been seen before in this industry,” vendor officials say.
“Eclipse delivers a turret solution that reduces desk footprint, enables complete free-seating and provides optimal reliability, resiliency and voice quality using a linear cost model that allows a trading desk to scale up and down from one to thousands of turrets as required,” according to the vendor. “enepath, in cooperation with its global partner Telstra, also offers a Turret as a Service (TaaS) option, a fully managed solution with remote hosting and multiple accessibility options including private cloud.”
The Eclipse Turret has been designed for buy- and sell-side trading firms, officials say. The system is also “delivered as a tablet plus docking station to enable the trader to work both traditionally from an office and in a remote location.”
“Our voice trading technology has been developed with today’s traders in mind who are accustomed to multi-channels, touch screens and tablets,” says Huw Williams, chief technology officer (CTO) for enepath, in a statement.
The vendor understands “that voice hardware is still as important as it ever was,” Williams says. “Whilst some in this industry are suggesting that a software only solution is the way to transform the cost model, the Eclipse range addresses the cost requirement without the associated consequences of having to compromise on quality and functionality.”
The Eclipse product set is built on the enepath Adaptive Media Platform (AMP) that delivers a distributed private peer2peer IP voice trading network that adapts in real-time to provide redundancy and quality of service, officials say. “Compliance capabilities such as high quality voice recording and call history, ensure firms are able to respond to market regulatory requirements and changes easily and efficiently,” officials add.
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