Markit and JPMorgan have announced that they have agreed to terms under which Markit will acquire JPMorgan FCS Corporation (FCS), the provider of portfolio and risk management software and services to syndicated loan market participants, including the Wall Street Office family of products. The combined entity is currently used by over 400 financial institutions to manage over US$1 trillion in assets. Markit hopes that the acquisition will enable the firm to develop and deliver solutions to improve operational efficiency and transparency in the loan markets. FCS has core operations and a management team based in Dallas, Texas, that will join Markit’s management team. Mark Murray, president of FCS, will be appointed executive vice president at Markit.
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