Technology

Credit Lyonnais Goes Live With City Networks CLS Solution

City Networks, a provider of software services to the treasury, securities and derivatives markets, announced today that the Credit Lyonnais London branch has gone live with its CLS solution the CityNet Treasury Confirmation Matching for CLS(tm) module. City Networks, which

UK Building Society Buys AFA Systems Treasury Platform

AFA Systems, a provider of software to the banking and asset management industries, today announced that Stroud and Swindon Building Society, the largest independent building society in the South West of England, has signed a contract to implement DART+ Pricing,

Wall Street Systems Buys Deutsche Bank Out Of SOCX Joint Venture

Wall Street Systems announced today that it had agreed with Deutsche Bank to acquire their 50% interest in the outsourcing venture SOCX (Settlement & Operations Clearing eXchange) to give Wall Street Systems complete ownership of the company. "This acquisition positions

Forget CLS, Look At Us, Says FundTech

Following the announcement earlier today by CLS Bank that the value of instructions settled through its CLS (Continuous Linked Settlement) System today passed $1 trillion, Fundtech has pointed out that fifteen of the banks using the system make use of

FundTech Installs Cheque Imaging Functionality At BankAtlantic

Fundtech, the payments applications provider, announced today the integration of its cash management service with Florida based BankAtlantic's image provider, creating a portal through which business customers can view images of checks. The new functionality enables businesses to retrieve the

i-flex Completes Installation Of Flexcube System At UBS Warburg

i flex solutions announced today that UBS Warburg, a leading investment banking and securities firm has successfully implemented a Cash, Current Accounting and Payment System around FLEXCUBE, its banking application. The new system, called Client Level Asset Servicing (CLAS), replaces

Reuters Acquires Multex For $195 Million

Reuters has agreed to acquire Multex.com, the financial information provider, for $7.35 (4.56) per share in cash, or $195 million in total. Based in New York, Multex offers comprehensive financial information on over 25,000 active companies worldwide and earnings estimate

Wilco Changes Name To ADP Wilco

Wilco International, a subsidiary of Automatic Data Processing (ADP), has changed its name to ADP Wilco. The new name takes effect immediately, and will be used by all offices globally. "ADP is one of the largest providers of computerised business