Misys, the UK based software company which recently reorganised itself, says its half year to 30 November 2003 was affected by continued weak market conditions in banking and securities, but its reorganisation now complete. Group revenues were down 10% to
City Networks is to provide a listed Romanian bank, Banca Transilvania with its CityNet Reconciliation for Cash and ATM modules. City Networks is emphasising sales in east and central Europe at the moment. Banca Transilvania, the first Romanian bank to
BISYS is upgrading its separately managed accounts platform through a strategic alliance with Vestmark. BISYS is integrating its proprietary technology with Vestmark's JAVA based, scalability technology, a workflow engine and an interface development and maintenance application. "BISYS offers the broadest
State Street Associates says its Investor Confidence Index for January 2004 has picked up a decline in optimism. According to the January index, investor confidence fell by 3.1 points to 105.9 from a revised December level of 109.0. Developed by
The Bank of New York has been selected by Banchile Administradora General de Fondos (Banchile) as global custodian for $120 million in assets currently being held by Banchile's various international mutual funds. The Bank of New York will offer Banchile
BNP Paribas has combined all of its insurance businesses into a holding company called BNP Paribas Assurance. The various brands Cardif, Natio Vie and Natio Assurance will continue to be used throughout the financial services group. The aim of the
RBC Global Services has launched a new Canadian corporate actions service. From 2 February, a weekly Corporate Actions Summary Report will be available to clients via fax or e mail, listing actions affecting assets held. It will include the security
Sonic Software, the enterprise integration software specialists, say its SonicMQ technology will be part of the new air defence system the Thales Raytheon Systems Company is building for NATO in Europe. The company says its technology was preferred to TIBCO
The European repo market is rife with speculation about why Mark Painting has left the repo desk at Goldman Sachs to join a hedge fund. The obvious explanation that he received an offer he could not refuse may be the
Royal Bank of Scotland has overtaken credit card issuers MBNA and Capital One as the favourite to buy Egg, the web based bank and fund supermarket 79 per cent owned by UK life and pensions provider Prudential, mainly because its