News

Mark K. Webster joins Capco to lead Payments in North America

Capco, the financial services consultancy, today announces the appointment of Mark Webster as Partner to head its Payments practice in North America. Mr. Webster, formerly a Partner in PricewaterhouseCooper's Global Financial Services Consulting Practice, co led the Bank Operations Consulting

KPMG Consulting Takes 1,400 From Andersen Consulting

KPMG Consulting announced today that it had signed a definitive agreement to hire approximately 140 partners and 1,400 professionals and staff members from the U.S. business consulting operation of Arthur Andersen LLP. The total consideration paid will be approximately $63

Omgeo Says Early CTM Adopters Now Total 42

Omgeo announced today that a further thirteen firms had signed up as "early adopters" of its Central Trade Manager (Omgeo CTM), the virtual matching the Thomson DTCC joint venture has built as its alternative to the TFM created by the

Wireless Banking and Broking Nugatory, Says Celent

Those involved in the banking and brokerage industry already know that the initial wireless hype has not resulted in widespread adoption by financial institutions and customers. Celent research published today shows that not only have usage and spending rates peaked,

Omgeo Announces Strategic Alliance With Bloomberg

Omgeo, the Thomson DTCC joint venture, today announced the formation of an STP partnership with Bloomberg. The two firms will develop a direct link between the OASYS Globa TradeMatchSM matching tools owned by Omgeo and the Bloomberg Portfolio Order Management

Book-Entry System To Be Introduced for JGBs

The Bank of Japan (BOJ) has announced plans to migrate to a new book transfer system, following the passage through the Diet on 5 June of legislation for the reform of the securities settlement system in Japan. The reform, effective

AFA Systems Announces Hellenic Distribution Agreement

AFA Systems, the global provider of advanced software solutions for the banking and asset management industries, today announced that ABC Professional Services S.A. (ABC) has signed as AFA Systems' exclusive regional distributor in Greece and Cyprus. The distribution agreement covers

CLS Bank Launches Vendor Registration Programme

CLS, the long awaited and much delayed cross border foreign exchange settlement utility, today inched closer to its aim of eliminating intra day Herstatt settlement risk with the launch of a SWIFT style vendor registration programme the global CLS Vendor

EFA Wins Foyer International Mandate

European Fund Administration (EFA) announced today that life assurer Foyer International had chosen the Luxembourg based fund administrator and transfer agent as valuation and accounting agent for the unit linked funds which underpin its life assurance contracts. EFA will also