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Markit acquires specialist vendor Prism Valuation

Markit makes another acquisition – Prism Valuation

Markit, an international provider of financial information services, is buying Prism Valuation, a specialist in independent valuation and risk analysis of derivatives and structured products. Markit says this acquisition will complement its portfolio valuations service, as it will provide enhanced coverage of complex OTC derivatives and structured OTC products. It will also expand Markit’s customer […]

Symphony and Markit join forces to promote Collaboration-Platform-as-a-Service

Symphony logo

Symphony, a new instant messaging service, and Markit have partnered to promote the adoption of a Collaboration-Platform-as-a-Service (CPaaS), “to enable richer workflow and collaboration throughout the financial industry and other sectors”. As part of the agreement, Markit will develop hosted applications and data delivery services, which will be made available via the Symphony service. Brad […]

Pimco picks Kyc.com and Markit regulatory and compliance system

Tracey Jordal, Pimco

US investment management firm Pimco has selected Kyc.com and Markit for its due diligence and onboarding requirements. Pimco has opted for Counterparty Manager, Tax Utility, kyc.com and the “entire regulatory and compliance ecosystem”. Kyc.com and Markit say their “ecosystem” provides buy- and sell-side firms, and corporates with a solution for onboarding, KYC (Know Your Customer), […]

Top fintech stories this week – 24 March 2016

vibrant

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! As it’s Easter holidays in the UK, this time it’s published on Thursday. Deutsche Bank reduces branch network in Germany Rise of digital banking drives change. Polymer notes pose £45m problem for UK cash machines Slippery when plastic. […]

IHS and Markit to merge

Jerre Stead, IHS chairman and CEO

Data providers IHS and Markit have agreed an all-share merger of equals, with the transaction expected to close in the second half of 2016. The “implied” equity value of the transaction is more than $13 billion and the deal has been “unanimously approved” by the board of directors of each company. Jerre Stead, IHS chairman […]

Markit buys syndicated loan tech from JP Morgan

Red Office Folder with Inscription Loans.

Markit has acquired systems integration software developed by JP Morgan. The provider of financial information services will make the software available to buy- and sell-side institutions seeking to integrate with major systems used in the syndicated loan market, including agent servicing platforms and Markit’s trade settlement services. Facilitating systems integration is an important step toward […]

Markit adopts AWS cloud services

Markit says its move to embrace cloud will cut costs and improve efficiency

Financial information services firm Markit has begun using Amazon Web Services, in a deal the firm says will optimise the performance and scaling capabilities of Markit products and services including enterprise data management, thinkFolio, WSO, indices and processing.

Markit and CLS to provide cross currency swaps settlement

Financial information provider Markit and foreign exchange settlement service CLS have launched a new service for the cross currency swaps market.

Markit acquires Information Mosaic

Financial information company Markit has agreed to acquire Information Mosaic, a software provider for corporate actions and post trade securities processing.  Information Mosaic’s enterprise software will allow Markit to extend its corporate actions service to support the full corporate actions trade lifecycle and enhance Markit’s asset servicing solutions.  Michele Trogni, managing director, cohead of Solutions […]

Orchestral manoeuvres

Gurle:

When first reports of an integrated communications project that had attracted a $66 million investment from a consortium of banks led by Goldman Sachs appeared last year, there was an element of cloak and dagger about the enterprise. The truth is both more prosaic and more interesting according to David Gurle, chief executive and founder of the company behind it.

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