Technology

FundTech Cuts Costs And Reshuffles Management

Fundtech, the provider of global electronic payments, settlement, and cash management solutions, is cutting costs and reorganising its management. Staff reductions will lower expenses by $500,000 per quarter, with effect from Q1 2003. All development and professional services and customer

ABN Amro Gives EDS US$1.3 Billion IT Outsourcing Contract

ABN AMRO and EDS announced today that they have reached an agreement on an IT outsourcing contract for ABN AMRO's Wholesale Client (WCS) Strategic Business Unit which includes corporate and investment banking services. The contract covers the provision of technology

Maple Securities Buys Shadow Financial Interface To DTCC

Shadow Financial Services, a New Jersey headquartered provider of back office systems, announced today that the Canadian based self clearing broker dealer Maple Securities had become the first client of the real time interface to DTCC settlement services in its

Wilco Launches New SWIFT Compliance Tools For Fund Managers

Wilco International announced today i is developing a new range of SWIFT messaging functionality, including a new workflow monitoring tool for asset managers and a message input solution, both of which will be usable with Wilco's SWIFT service bureau. The

Asset Control Releases Improved Data Cleansing Products

Asset Control today announced the release of AC Desktop 2.0 and AC Server 5.0. It says both deliver significant improvements in functionality. The new AC Desktop makes "golden copy" data easily accessible to non technical users, says the company, giving