Technology vendor Wall Street Systems has agreed with Deutsche Bank to acquire their 50% interest in the outsourcing venture SOCX (Settlement & Operations Clearing eXchange). The deal will give Wall Street Systems complete ownership of the company. Launched as a joint venture between Wall Street Systems and Deutsche Bank in 2001, SOCX provides processing, settlement and clearing services across a broad range of financial products. ‘This acquisition positions Wall Street Systems to address the growing outsourcing market and underpins our business plan and strategy to offer clients the broadest range of proven technical and operational solutions,’ said Steve Middlehurst, chief operating officer at Wall Street Systems. ‘Wall Street Systems remains fully committed to SOCX, and is extremely positive about the business outlook going forward. SOCX offers a unique and successful value proposition – enabling banks to make dramatic cost savings and increased efficiency in transaction processing,’ said Mike Thrower, marketing director for Wall Street Systems.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more