Crossmar, a subsidiary of Citicorp, has sold its Crossmar Matching Service (CMS) to Misys. The system – a confirmation matching service for foreign exchange/money market (FX/MM) transactions between banks, corporate customers and fund managers – will become part of Misys Wholesale Banking Systems and be renamed Misys CMS. The acquisition, valued at US$ 13 million, includes the CMS platform and infrastructure, and will enable future ASP development across other Misys banking solutions. The core management team will be among more than 50 staff transferring to Misys Wholesale Banking Systems. International offices will be merged with existing Misys offices in New York, London, Tokyo and Singapore.
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