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Top fintech stories this week – 13 January 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Macif Group in major IT overhaul with NeoXam

This project is macif!

Macif Group is revamping its investment administration and accounting tech, and has selected NeoXam to assist with the project. It will help implement the new software and will also host it.

Banking Technology Awards 2016 – shortlist unveiled

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Our rejuvenated Banking Technology Awards have received an unprecedented amount of entries this year – from banks, financial institutions, fintech firms and individuals worldwide – and we are happy to reveal the shortlisted candidates. Now in their 17th year, Banking Technology Awards recognise and reward excellence and innovation in the use of IT in financial […]

Exane signs for Simcorp Dimension investment management platform

Simcorp gains new client in France, Exane

Simcorp is implementing its flagship investment management system, Simcorp Dimension, at Exane to support its middle and back office ops for listed and OTC derivatives. Paris-based Exane is an independent investment firm that focuses on asset management, derivatives and brokerage in cash equities. Exane has been running a number of disparate systems and decided to […]

Central banks of Spain and France late with Calypso tech project

Th

Banque de France and Banco de España are running late with their implementation of a new treasury and capital markets (TCM) system, Banking Technology understands. The two banks jointly opted for a new solution in 2013/14. It is understood that Calypso was chosen to replace a host of legacy technology, including Wallstreet Suite from Wall […]

Calypso teams with Sernova for cloud-based clearing

calypso

Calypso Technology, a provider of treasury and capital markets (TCM) software, and Sernova Financial, a turnkey post-trade services provider, have partnered to deliver cloud-based clearing services. Sernova Financial will use the Calypso platform, which “recreates the shared infrastructure and service elements of a traditional clearing broker”. Charles Marston, executive chairman of Calypso, says: “As capital […]

Calastone gets new live site for settlement service, Hargreaves Lansdown

Hargreaves Lansdown a

Hargreaves Lansdown, a financial service company based in Bristol, UK, has gone live with Calastone’s funds settlement system, Calastone Settlements. Danny Cox, head of communications at Hargreaves Lansdown comments that “automatic matching of trades and the netting of settlement positions early in the day will improve the efficiency of our operational and treasury teams”. He […]

Nasdaq launches new quality assurance platform, Nasdaq Validator

nasdaq tower cropped square

Nasdaq has launched Nasdaq Validator to provide quality assurance (QA) for exchanges, clearing houses and central securities depositories (CSDs). Nasdaq Validator is an API-independent testing platform offering manual and automated test tools for the capital markets industry. It interfaces with Nasdaq’s matching, clearing and CSD systems, in addition to systems by other providers. It is […]

Bridgepoint and Summit Partners to buy Calypso Technology

Pascal Xatart, president of Calypso

Calypso Technology, a provider of treasury and capital markets (TCM) software, is to be acquired by European private equity fund Bridgepoint and global growth equity investor Summit Partners. Pascal Xatart, president of Calypso, says the deal means the “arrival of a new investor base” which will support its “growth ambitions”. The vendor has been owned […]

Reference data management: utility is the future

Philippe Chambadal, SmartStream: "The future is in utility"

So here is a major headache for the treasury and capital markets industry: the cost line remains dead flat but the revenue line has dropped off the cliff. Utility is the answer to the market woes, strongly believes Philippe Chambadal, CEO of SmartStream Technologies. He talks to Tanya Andreasyan about SmartStream’s initiative in this space. […]

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