Nedbank goes live with China Systems for trade finance portal
Nedbank is one of South Africa’s major banking groups, offering the full range of wholesale and retail banking services through a growing footprint across Africa. In line with the bank’s strategy to grow its transactional franchise in the corporate and investment banking market, trade finance and working capital solutions have been identified as key strategic levers.
Confirming this commitment, Mike Thomas, Divisional Executive of Global Business in Nedbank CIB, confirmed that “the bank recently announced the launch of its new Nedbank Global Enterprise and Global Enterprise Portal, which will introduce operational efficiencies, enhance risk management controls and deliver a client experience that surpasses any competitor.”
China Systems is the world’s leading trade services technology vendor with offices throughout Europe, US, Asia, and the Middle East. It is focused on providing an integrated front-end and back-office platform catering for internal and external deployment at a domestic, regional or global level. Eximbills, their proven flagship solution, which is installed in more than 150 banks and 75 countries worldwide, can be tailored to adapt to changing real-world requirements in any business or regulatory environment for Trade Finance, Payments, and Supply Chain Finance without the need for programming modification.
Guohai Liangshi Capital Management selects Horizon for options market making and trading
Horizon Software (Horizon), the leading global provider of electronic trading and investment management technology, today announced that Guohai Liangshi Capital Management Co Ltd (GHLS),the subsidiary company of Guohai Futures, has chosen Horizon’s platform for options market making and trading, as well as delta one trading.
Guohai Liangshi Capital Management Co Ltd, the subsidiary of Guohai Liangshi Futures, founded in 1996, is a commodity and financial futures brokerage, which also provides futures investment consulting services. More recently the subsidiary company had taken the decision to add options trading to its trading activity and to expand its delta one business in mainland China. Having always been at the forefront of technological innovation, GHLS was looking for a trading system which would not only serve its present needs, but also allow for future growth. After conducting thorough market research GHLS decided that Horizon was the best fit for its business needs.
SmartStream updates reconciliation platform
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced the launch of its latest reconciliations solution.
The third major release of its TLM Reconciliations Premium solution comes with a range of services to meet customer requirements for a flexible self-service user experience, comprehensive trend analysis for match rate optimisation and exception reduction, and model choices for each reconciliation – allowing customers to easily shape and form the solution in an innovative way, whilst optimising costs and operational overhead.
The latest release continues SmartStream’s investment in providing a wide-ranging reconciliation solution, delivering additional business benefits at every stage of the lifecycle. A new feature, TLM View, provides a flexible, user driven approach to analytics, with no reliance on IT support, allowing access to the full range of real-time and historic data in the reconciliation repository – this will help identify trends and exception patterns to further reduce manual intervention. TLM View also delivers full operational functionality in one single interface, driven by flexible dashboards and fully customisable by business users.
ACI Worldwide ships real-time fraud prevention module
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced the next generation of fraud protection with its UP Payments Risk Management solution.
Through state-of-the-art adaptive machine learning and an unrivalled approach to shared intelligence, the real-time payments fraud protection solution delivers banks, intermediaries, merchants and telcos the industry’s most powerful fraud strategies.
As organisations globally seek to outsource payments, fraud, compliance and security-related tasks to trusted partners, they require a fraud prevention solution that allows revenues to grow while minimising risk. ACI’s UP Payments Risk Management solution features cloud-based options delivered in payments-grade global data centres. The solution’s real-time fraud management services protect any payment, regardless of channel (card-present/card-not-present), payment engine (ACI or third-party) or segment (bank, intermediary or merchant).
