BNY Mellon Achieves Significant Milestone in Tri-Party Repo Risk Reduction Initiative
May 11, 2015 - $1.44 trillion or 97% reduction in intraday credit achieved in cooperative effort with clients and other market participants.
80% believe T+2 to become standard within 10 years - Omgeo study
April 27, 2015 - A comprehensive study published by Omgeo, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC) and the global standard for institutional post-trade efficiency, reveals that 80% of respondents believe T+2 will become the global standard for settlement cycles within 10 years.
Acuity launches latest version of its STREAM Integrated Risk Manager GRC solution
April 21, 2015 - With businesses facing increasing pressure from customers, regulators and auditors to demonstrate better compliance, manage operational risk and provide assurance, Acuity has announced a new release of its popular STREAM Integrated Risk Manager software. STREAM Version 4 provides users with a more configurable, scalable and easier-to-use approach to Governance, Risk and Compliance (GRC) and delivers improved visibility and control over business risks.
Systemic Risk Council kit tracks financial health of largest institutions
April 7, 2015 - The Systemic Risk Council (SRC), a private sector, non-partisan body, today launched an interactive tool, designed to provide users with a simple way to track and assess changes in the financial conditions of the largest, most complex financial institutions in the United States.
UK banks' IT spending to increase - CBI/PwC Report
March 30, 2015 - Banks' spending priorities for the next year are focused on improving IT infrastructure and cyber security. Banks are also building new digital platforms to remain competitive and respond to changing customer needs, according to the survey.
Astoria Bank rolls out Wolters Kluwer risk and performance management tech
March 30, 2015 - Wolters Kluwer Financial Services, a provider of comprehensive risk, compliance, finance, and audit solutions and services, announced today that Astoria Bank, based in Long Island, N.Y., has implemented many of the company's leading risk and performance management solutions. These include the company's ALM, stress testing, and credit risk and financial analysis technologies.
Europe sets the pace as fintech investment triples in 2014
March 26, 2015 - Global investment in fintech ventures tripled from $4.05 billion in 2013 to $12.2 billion in 2014, with Europe being the fastest growing region in the world, according to a new report by Accenture.
Rsam Raises $32 Million Strategic Growth Investment from JMI Equity
March 24, 2015 - Rsam, the market leader and fastest time-to-value provider of Governance, Risk and Compliance (GRC) solutions, today announced the completion of a $32 million strategic growth investment from JMI Equity, a growth equity firm focused on investing in leading software and services companies.
