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E Trade Outsources Transaction Processing To ADP Brokerage Services

ADP Brokerage Services Group says that that E TRADE FINANCIAL Corporation has signed a 10 year agreement to outsource its brokerage transaction processing and regulatory document delivery services to ADP for its registered broker dealer subsidiaries. As part of this

JPMorgan To Open Remote Cheque Image Capture Site In Europe

JPMorgan Treasury Service is planning to open a remote cheque image capture site in Europe. The site will allow clients in EMEA (Europe, Middle East and Africa) and Asia to take advantage of benefits from the Check Clearing for the

JPMorgan Offers Its Trade Finance Tools To Other Banks

JPMorgan Treasury Services is offering its correspondent banking partners a new set of trade finance tools called TradeOPT. The bank says the tools aim to enable banks to meet all aspects of their customers' trade finance needs from traditional services,

Fortis Wins QFII Licence In China

On Monday this week Fortis was authorised by the China Securities Regulator (CSRC) as a Qualified Foreign Institutional Investor (QFII). Fortis, together with its partner, the Bank of China, will now apply for a quota with the State Authority for

JPMorgan Launches Outsourced Payments Infrastructure Service

JPMorgan Treasury Services has launched what it calls a Global Payments Infrastructure (GPI) service on an outsourcing basis. It is a modular solution that aims to enable banks to replace their existing US dollar funds transfer infrastructure with JPMorgan's clearing

UK Charity Funds Up 2.4% In Q3 Says WM

The WM Company no owned by State Street says UK charity funds posted an average return of 2.4 percent in the third quarter. Returns for the year to date have risen to nearly 5 percent, while the three year annualised

Citigroup Offers Banks Its Transaction Services On A White Label Basis

Citigroup Global Transaction Services says it has launched a white label service aimed at helping banks offer services without compromising their own identity, independence or customer relationships. So called "borderless banking" aims to offers banks a range of payments and