(Todd Sloan, business development, senior vice president, Electra Information Systems, took time out of his schedule to give FTF News a progress report on Electra Information Systems. The provider of reconciliation and other post-trade solutions, Electra is the winner of the 2020 FTF News Technology Innovation award for “Best Reconciliation Solution” for the fifth consecutive… Read More >>
SmartStream Updates Exception Management Offering
Reconciliations vendor SmartStream has added several enterprise-wide capabilities to the latest release of its TLM Exception Management solution, officials say. The new version includes new features to ease the managing of processes, provide step-by-step operations capabilities and alert functionality across the front-to-back-office. The new functionality is already in use within SmartStream’s Reference Data Utility (RDU),… Read More >>
Wipro Shifts Al Rajhi Bank to Oracle
Riyadh, Saudi Arabia-based Al Rajhi Bank and Wipro Arabia Ltd., a subsidiary of Wipro Ltd., the IT, consulting and systems integration vendor, report that, after a two-year implementation, the Oracle-based data repository has gone live, moving the bank from its legacy system. The new system creates a bank financial accounting hub (FAH), integrating all banking… Read More >>
SmartStream Lands Ajman Bank, Buys Credit Suisse Software
SmartStream Technologies, a transaction management vendor, reports that Ajman Bank, headquartered in Ajman, one of the United Arab Emirates, has implemented SmartStream’s Corona solution. The bank provides a “diverse range of Islamic banking products and services to financial advisers, stockbrokers, mortgage brokers, professional service industries and the end consumer,” according to a SmartStream statement. Corona… Read More >>
Compliance and the Promised Land
One of the legacies of 2012—a tumultuous year by anyone’s standards—is that financial product innovation has been put on the shelf by the constant flow of new regulations (with more to come) and a weak recovery that has squeezed profit margins. Most firms have been quickly shifting their energies and budgets to compliance. In fact, as… Read More >>
