Latest articles from Transactions & Technology

LCH.Clearnet serves EDX

April 5, 2004

LCH.Clearnet (LCH) has completed the migration of central counterparty services from the OM London Exchange to LCH and has begun providing clearing services for London Stock Exchange-owned EDX.

When will the dollar change direction?

March 3, 2004

Opinions on the future fate of the dollar differ in the extreme. Will the bulls or the bears win out? William Essex reports on factors weighing against the currency and those that could boost it.

One-stop mentality drives consolidation

March 3, 2004

The desire to source technology solutions from one vendor rather than several is on the rise among banks and this is helping to feed an M&A trend, believes Jim Wilson, president of the international division at Fidelity Information Services. Interview by Michael Imeson.
It is not so much an acquisition trail as a voyage of conquest. Fidelity National Financial (FNF), number 326 in the Fortune 500, has picked up five US banking technology companies in the past 12 months and is on the look out for more.

Two way street

March 3, 2004

A potential trade spat between the US and Indian governments could threaten the bright future of offshore outsourcing, says Kala Rao.

SWIFT cannot afford to be slow

March 3, 2004

Banks’ transition to SWIFTNet may lead to SWIFT’s role being called into question as it could become just another software vendor competing with others. It will have to change its culture quickly if it wants to survive, says Chris Skinner.

The cost of compliance

March 3, 2004

TowerGroup estimates that total IT spending on compliance reporting in the global financial services industry will reach nearly $1bn in 2004 and should rise to $1.7bn in 2006.

Algorithmics talks up Linux

March 3, 2004

Linux is especially suited to processing intensive risk management, according to Algorithmics, the enterprise risk management solutions provider. Algorithmics now offers a distributed computing version of its flagship Algo Suite product, which uses its Mark-to-Future framework to leverage the computing power provided by a heterogeneous grid of machines running both the Linux and Solaris operating systems.

Barclays brings in new radar

March 3, 2004

As pressure for regulatory compliance continues, Barclays Capital, the investment banking division of Barclays Bank, has selected the raft radar solution, from Raft International, a credit risk and operational risk management provider, to assist in managing operational risk and complying with Basel II and Sarbanes-Oxley regulatory requirements.

Global Risk Regulator

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