Q: What SWIFT-related product trends have you seen among your clients for this year? A: Connectivity: Banks and corporations continue to grapple with the best way to achieve interbank connections and apply the transaction-related applications they need to increase operational efficiency and reduce the risk related to sending and receiving financial messages. Compliance and anti-money-laundering:… Read More >>
Getting Ready for SIBOS Fall 2014
The annual SIBOS conference of the SWIFT financial messaging and services cooperative, at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2, will feature debates, keynote addresses, panel discussions and special interest sessions targeting many issues of concern to financial services firms engaged in post-trade securities operations. There will be chances to… Read More >>
FTF News Takes On SIBOS
FTF News is taking on the annual SIBOS conference, put on by the SWIFT financial messaging and services cooperative. The conference is being held at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2. You can check out our online news coverage all week. We will provide a mix of product news,… Read More >>
SIBOS 2014: Broadridge, Fiserv and Fundtech Unveil Upgrades
Broadridge Financial Solutions and Fiserv have updated their reconciliation offerings while Fundtech has improved its user interface for its Global PAYplus service – all of which will be on display at the SIBOS 2014 Boston conference, put on by financial messaging and services cooperative SWIFT. The event gets underway at the Boston Convention & Exhibition… Read More >>
Q&A: DTCC Enters the KYC Services Race
The DTCC and six major banks are throwing their hats into the race for know your customer (KYC) utility services as they ready the launch of a “centralized client reference data and documentation services utility,” Clarient Global, that will own and operate the Clarient Entity Hub. The KYC services field is filling up with Markit… Read More >>
Can the U.S. Catch up to Europe in the T+2 Race?
What if the FIX electronic trading protocol gains ground in Europe as a unifying link for trade affirmations between the front and middle offices as Steve Grob, director of group strategy for the Fidessa Group, the subject of a Q&A for FTF News this week is suggesting? If he’s right, could Europe outpace the U.S…. Read More >>
Six More Banks Join SWIFT KYC Registry
Six more banks have signed on with financial messaging and services cooperative SWIFT to help develop the Know Your Customer (KYC) Registry, a centralized repository that maintains a standardized set of information about banks required for regulatory due diligence processes, according to a company statement. Barclays, Deutsche Bank, Erste Group Bank AG, HSBC, ING and… Read More >>
SWIFT CIO Retires
Mike Fish, SWIFT’s chief information officer and head of information technology and operations, is retiring after 15 years at the financial cooperative. He will step down on January 31, 2015. In the meantime, SWIFT will “identify and appoint his successor,” with both internal and external candidates under consideration, according to SWIFT’s statement. Fish has “steered… Read More >>
SWIFT Makes New Compliance Appointments
Financial messaging and services cooperative SWIFT has appointed Christopher Johnson and Fedra Ware to the newly created positions of practice leads, compliance services, for the Americas. They will lead SWIFT’s efforts in financial crime compliance, including sanctions screening and testing, know your customer (KYC), anti-money laundering (AML) and compliance analytics, according to SWIFT, which connects… Read More >>
The ADR Project’s Big Spinoff
A successful pilot project to automate corporate actions processing for American Depositary Receipts has inspired XBRL International’s Standards Board (XSB) to think seriously about a global corporate actions taxonomy (dictionary) for a digital language — the eXtensible Business Reporting Language (XBRL) — that could bring a new order to the reporting of corporate actions data…. Read More >>
