The top Democrat on the US House Financial Services Committee wants to interview executives from Wells Fargo over a scandal about fake accounts its employees set up for customers.
SIX Securities Services, Switzerland’s post-trade market infrastructure, will use IBM Watson for its new cognitive security operations centre (SOC). The new facility will be housed at SIX’s offices in Switzerland to provide localised cybersecurity services “tailored to the needs of the region”. Robert Bornträger, division CEO SIX global IT, says IBM is a “logical partner” […]
Wolters Kluwer’s OneSumX risk and management information systems (MIS) reporting solutions will be implemented at Nordea Bank Russia (NBR). The MIS solution is part of the firm’s business analytics offering. OneSumX is designed to manage finance, risk and compliance and “improve organisational efficiency and profitability”. NBR will specifically use OneSumX risk management for asset and […]
The US Office of the Comptroller of the Currency (OCC) is moving forward with its plan to enable fintech companies to become special purpose national banks, releasing a report that provides guidance on how to implement the plan and another that summarises public comments about it. The special charter has no shortage of critics, but […]
The UK’s Financial Conduct Authority (FCA) has set out its plan for improved banking standards and financial services with its new “Senior Managers and Certification Regime”. In a speech “Culture in financial institutions: it’s everywhere and nowhere” delivered today (16 March) by Andrew Bailey, FCA chief executive, to the Hong Kong Monetary Authority (HKMA) Annual […]
BBVA’s subsidiary in the UK has opted for Wolters Kluwer’s OneSumX solution for regulatory reporting and liquidity risk management.
Crédit Agricole Corporate and Investment Bank (CIB) is implementing AxiomSL’s regulatory reporting system at its New York branch.
Fintech is developing a distinctly British accent and the US is in danger of losing out, according to remarks made by Congressman Patrick McHenry, a member of the House Financial Services Committee, at the LendIt USA conference in New York.
California’s Silvergate Bank has implemented a suite of systems from FIS in a major tech overhaul – from a new core banking system to branch, digital and mobile banking, compliance and risk. The new core banking platform – FIS’s Horizon – will let the bank “streamline” its third party systems, such as account opening and […]
On 16 January 2017, the Australian Prudential Regulatory Authority (APRA) released for public consultation its Economic and Financial Statistics (EFS) Form Review. Notably, this consultation package represents a major overhaul of many of the financial and statistical returns currently prepared by the Australian authorised deposit-taking institutions (ADIs) as well as introducing a new set of returns to be submitted. We examine what’s at stake.