European Finance House Ltd (EFH), the new London based Islamic bank, has been authorized by the FSA and is now fully operational, following its "soft" launch in September 2007. EFH selected Path Solutions' iMAL as its core banking system a
JWG IT, the neutral think tank for EU driven change in financial services, and Cre8 Results, specialist financial services marketing communications agency, today announced their plans for THE FORUM, a pan European series of industry conferences, starting in London on
Risk and compliance specialist Fortent announced today that Mizuho Financial Group will implement Fortent's anti money laundering (AML) application throughout the bank's domestic Japanese operations. Mizuho Financial Group is one of the world's largest banks, with assets of close to
Professionals within the financial services sector will focus on sub prime market issues as well as managing anti money laundering (AML) as priorities for 2008, according to new findings released today by Bankersalmanac.com. The global survey, aimed at professionals in
Triodos Bank has chosen NetEconomy's Compliance Manager financial crime application to help Triodos improve and automate watchlist checking, Know Your Customer (KYC) procedures, and monitoring of customer behavior and financial transactions to mitigate fraud, money laundering and terrorist financing activity.
Xtrakter, part of the ICMA group of companies, is reducing standard regulatory reporting fees by 35% for subscribers to its TRAX reporting service At its inaugural meeting the Xtrakter board of directors, agreed to reduce the standard regulatory reporting fees
The 2007 market returns of Audit Integrity's corporate ratings confirm that the best indicator of earnings quality is the integrity of corporate management. Specifically, last year the best rated companies had average returns 10.5% higher than the riskiest companies. The
The Financial Services Authority (FSA) has published its business plan for 2008 9. The plan sets out the FSA's programme of work for the year ahead to address the risks highlighted by the Financial Risk Outlook, published last week. The
BPC Banking Technologies has joined the PCI Security Standards Council (PCI SSC) as a new participating organisation. As a PCI SSC member, BPC will work with the Council to evolve the PCI Data Security Standard (PCI DSS) and other payment
Socit Gnrale Private Banking Belgium will implement Finarch's Financial Studio to achieve Basel II compliance. FinArch's Basel II application, with integrated reporting functionality, computes the Basel II capital requirements, applies the appropriate national discretion parameters and submits the reports to