Fintech, Finance, Technology, Banking Highlights – 31 October 2017
ACI Worldwide Provides Access to All Instant Payments Schemes in Europe
ACI Worldwide, a global provider of real-time electronic payment and banking solutions, today announced support for the European Payments Council (EPC) SEPA Instant rulebook standard ISO 20022 within its Universal Payments (UP) solutions portfolio, including UP Immediate Payments and UP Real-Time Payments. With this support, ACI enables payment service providers to connect to any domestic or pan-European EPC based instant payments scheme.
Financial institutions in Europe are currently preparing for the launch of several domestic and pan-European schemes, including the EBA RT1 pan-European SEPA SCT Inst scheme which is due to go live next month. Many payment service providers are scrutinizing the network options available to them, as they try to decide which schemes they need to join to offer reach and ubiquity to their customers.
Alphametry tackles buy-side research management challenge
Global investment research platform Alphametry launches a comprehensive research management solution for the buy-side. Alphametry Investor will provide all asset managers, regardless of their size, with the benefits of a powerful, cloud-based solution enabling them to manage all their research with meaningful analytics, with the added advantage of complying with the new unbundling rules.
Adapting to the new MiFID II regime, which requires the separation of research and execution fees, is just the tip of the iceberg. Competition and innovation are forcing firms’ investment processes to evolve dramatically. Highly diverse sources of research must be quickly and systematically turned into actionable knowledge in order to generate performance. Alphametry Investor improves the research information journey within organizations while providing also a significant source of market-leading research providers worldwide.
CurrencyVue partners Afex for corporate FX hedging
Currency solutions platform, CurrencyVue, has announced the launch of its Integrated FX Risk Management Platform, transforming the way businesses manage complex payments and FX hedging contracts.
In partnership with global payments and risk management provider AFEX, the online platform allows businesses to manage international trade, global payments, and foreign exchange contracts via seamless integration into existing software and ERP systems.
The platform pulls foreign currency exposure data from outstanding purchase orders and invoices, automating risk management and payment activity to reduce the time and costs associated with manual processes and FX complexities. A recent global survey by Deloitte found that nearly 60% of businesses struggled with a lack of visibility of their FX exposures and the reliability of forecasts.
CurrencyVue CEO and Founder, Matt Tyrrell, said the partnership with AFEX was a game changer for CurrencyVue users.
Zilliqa adds banking tech leaders Alexander Lipton and Stuart Prior to Advisory Board
Zilliqa, an anticipated high-speed Blockchain platform created by researchers at the National University of Singapore, has announced that Alexander Lipton, CEO of Stronghold Labs, and Stuart Prior, a fintech veteran with 20+ years of experience in Corporate and Investment banking technology, have joined the project as senior advisors.
“We are truly honored that both Alexander and Stuart have agreed to come on board and help us build Zilliqa into world class blockchain platform, said Xinshu Dong, CEO of Zilliqa. “The fact these true visionaries in banking and fintech have seen the potential in our technology is a testament to Zilliqa. I’m sure Zilliqa will greatly benefit from their experience and expertise to build the blockchain platform for high-throughput dApps.”
