Financial messaging and systems cooperative SWIFT has hired industry veteran David Lefferts from financial information services vendor Markit, where he served in product development, cross-product strategy, and senior business development roles over eight years, officials say. At SWIFT, Lefferts will serve as a managing director, market initiatives for the Americas. Lefferts, who has more than… Read More >>
Finsapp and Volante to Build Solutions
Finsapp, a specialist system integrator for the SAP enterprise resource planning (ERP) software provider, and Volante Technologies, a provider of software for the integration, validation and processing of financial messages and data, report that they have entered into a partnership to build business domain solutions. The solutions will be “based on interbank, intrabank and bank… Read More >>
Volante Hires Senior Execs, Opens Offices
Volante Technologies Inc., a provider of financial data messaging integration, validation and processing tools, reports the appointments of Nadish Lad as head of payments product and Peter McKenna as global marketing director, as well as the addition of new development and testing staff and the opening of new offices, in Jersey City, N.J., and Hyderabad,… Read More >>
National Reference Data Groups Use SWIFTRef
Financial messaging and services cooperative SWIFT is making its SWIFTRef global reference data platform available for national reference data collection and maintenance services, officials say. The SWIFTRef platform is used to collect worldwide payments reference data for use by more than 5,500 financial institutions and 500 corporates globally, officials say. SWIFTRef data helps firms populate… Read More >>
DTCC’s LEI Utility Hits a Milestone
DTCC officials report that the Global Markets Entity Identifier (GMEI) utility, a local operating unit (LOU) of the growing global Legal Entity Identifier (LEI) system, has issued approximately half of all LEIs registered so far, or 165,000, to entities from more than 140 jurisdictions. The GMEI’s progress reflects the growth of the global machinery behind… Read More >>
SWIFT’s New CTO & COO Taking Over for Retiring CIO
Financial messaging and services cooperative SWIFT has hired a Verizon veteran Craig Young to be its new chief technology officer (CTO) and appointed SWIFT executive Marcel Bronmans as chief operations officer (COO), following a reorganization of the IT and operations division and the retirement of Mike Fish, SWIFT’s chief information officer (CIO) by the end… Read More >>
SWIFT to Rebate $35M to Users
Financial messaging and networking cooperative SWIFT is providing a 10 percent rebate on 2014 messaging fees because of “strong traffic growth” for its services, officials say. The cooperative expects to return $35.4 million or approximately €30 million to its users in March. “We have seen strong traffic growth this year as a result of our… Read More >>
FTF Panel: U.S. Markets Should Move to T+0
A panelist at FTF’s ReCon New York event on Thursday is calling for the U.S. securities industry to move to a T+0 settlement cycle rather than the incremental move to T+2, citing the truism that nothing good happens between trade date and settlement. That’s a phrase heard often from operations managers, and it was heard… Read More >>
SS&C: Streamline FIX & SWIFT Messaging
(Editor’s Note: Before SWIFT’s SIBOS conference and exhibition in Boston got underway, FTF News reached out to key vendors working in the post-trade operations space to gather their expectations for the financial messaging cooperative. Bob Shaw, director, electronic trade communications, SS&C Technologies, has responded to our questions. SIBOS was held at the Boston Convention &… Read More >>
SWIFT App for ISO 20022 Gaining Ground
A year after its launch, the ISO 20022 Adoption mApp is proving to be effective in helping the SWIFT financial messaging cooperative push a harmonization agenda for the standard, says Stephen Lindsay, the head of standards for SWIFT. Lindsay presented his findings at the Standards Forum of the SIBOS conference and exhibition in Boston last… Read More >>
