Swift has hired David Lefferts as managing director, market initiatives for the Americas. Lefferts joins Swift after eight years at Markit, where he held product development, cross-product strategy, and senior business development roles over his eight year tenure.
West Africa’s capital markets are changing fast as regional integration and local stock exchange initiatives combineto transform its infrastructure. Increasing adoption of FIX and a promising demographic profile help too, according to speakers at the FIX Trading Community conference in London this week.
Global institutional trading network Liquidnet has hired Chris Jackson as European head of its Execution and Quantitative Services group. This new role will involve setting the strategic direction of the European trading desk and Algorithmic Services Group, as well as heading the sales effort for Liquidnet’s global algorithmic offering with European clients.
Bankers should watch what they say in public, or risk a devastating computer network attack on their business from state-sponsored hackers. This was the stark warning offered by speakers at the FIX Trading Community conference in London yesterday.
The celebration of Paybefore Awards winners continues.
The U.S. Treasury’s Direct Express prepaid benefit card program earned a 95 percent satisfaction rating from cardholders in 2014, marking the sixth consecutive year of near 100 percent customer satisfaction.
The Center for Financial Services Innovation (CFSI) has released a new report outlining ways big data can help financial services providers better serve their customers.
Following last week’s IPO announcement, Etsy Inc., a Paybefore Award-winning online and offline marketplace for buying and selling homemade items and artisanal products, has received a patent on its method for video-streaming interactive shopping events.
Best in Category: Walmart Closed Loop Gift Card from Walmart and First Data.
Best-in Category: Balance Financial Prepaid MasterCard from Walgreens, MasterCard Worldwide and Galileo
Best-in-Category: OceanPay Visa Prepaid Card from Brightwell Payments and The Bancorp
Best-in-Category: Global Cash Card for Popeyes from Global Cash Card and MasterCard Worldwide
Best-in-Category: Delta Air Lines Performance Pays Debit Card from Xerox, MasterCard Worldwide and Comerica Bank
A new US bond trading venue with a mission to help electronify fixed income markets for investors using experience gained in the equity markets is preparing to launch in the US this quarter. Called OpenBondX, the venue was Created by former Lime Brokerage chief executive Alistair Brown and former colleagues, OpenBondX is an ‘all to all’ system open to the buy-side and the sell-side.
The Supreme Court is backing the authority of regulators to reinterpret their own rules without seeking industry input.
The CFPB is considering next steps in weighing new regulations for arbitration agreements widely used in financial services businesses to settle consumer disputes, following today’s release of the 728-page “Arbitration Study: Report to Congress 2015.”
The long road to interchange reform in the European Union has come to an end of sorts with passage of interchange caps today in the European Parliament.
The need for a digital strategy has leapt to the top of retail banks’ agendas over the past year, replacing regulatory issues, as they look to fend of competition from tech and e-commerce rivals.
Real-time business performance monitoring and analysis specialist Velocimetrics has announced that its TipOff product can now capture network packets to disk at a sustained rate of 40 Gigabits/sec, almost double its previous performance.
Deutsche Börse, Eurex and the Bombay Stock Exchange have further extended their strategic cooperation offering connectivity services. Participants of BSE will be able to use Deutsche Börse’s resilient low latency N7 network services to connect to BSE back-ends in India through the Deutsche Börse access points in Hong Kong and Singapore.
The Wall Street Journal reported last week that fraudsters were exploiting stolen credit card data to set up fake Apple Pay accounts and buying big-ticket items in Apple’s own stores and other retail outlets.
JPMorgan Chase isn’t putting all of its mobile payments eggs (or apples) in one basket.
International money transfer company Transfast has announced partnerships with three of Kenya’s largest banks to speed up its services for sending and receiving funds across borders.
EBA Clearing, a provider of European payment infrastructure solutions, is laying the groundwork for a Europe-wide instant payments processing service.
A three-party alliance between alternative FX market LMAX Exchange, retail FX provider Z.com Trade and retail FX trading platform MT4 have built a combined liquidity pool, which aims to provide ‘last look’ liquidity to a wider market.
ABN Amro Clearing will offer clearing and settlement of trades at MEFFPower, cleared by BME Clearing. The Spanish Power derivatives market is one of the top five markets in Europe and has experienced great growth in the past decade. The maturities offered by ABN Amro Clearing as swaps and futures will be: annual, quarter, months, weeks, week-ends and […]
The European Securities and Markets Association is consulting financial institutions on which messaging protocol and data formats would be best for trade reporting under MiFIR. As the timeframe for reporting comes ever closer to real-time, the consequences could be serious.
SIA, in partnership with Colt, has been awarded the contract to connect Hungarian central securities depository Keler to T2S, the new single European platform for the settlement of transactions in domestic and cross-border securities.
The Citi Mobile Challenge, which seeks to unearth innovation and developer talent in some of the most far flung reaches of globe in a bid to get the best talent to help change the way the world banks, has extended its registration deadline to allow more people to take part.
Cloud computing is becoming more prevalent throughout the financial sector but many firms say they are less than halfway to having a firm cloud strategy in place, with controls and security remaining primary concerns.
Explosive developments in mobile commerce and payments will drive a level of disruption in the next three to five years unlike anything the financial services industry has seen before, Dan Schulman, incoming CEO of PayPal, forecast this week.
Blackhawk Network Inc. is bolstering its mobile wallet app, adding a feature that will enable users to sell and exchange gift cards as well as the ability to scan physical gift cards to add them to the wallet.
Google wasted no time shutting down Softcard after acquiring technology and intellectual property from the telco-backed mobile wallet last week.
With plenty of room to further penetrate the market—40 percent of respondents had not used a prepaid card—survey results around willingness (or not) to recommend prepaid to a friend, suggest the industry may be suffering from a lingering image problem.
Brett King is joining digital financial services investment and advisory firm Anthemis Group as a venture partner.
The EMV Migration Forum, a cross-industry body focused on supporting the migration to EMV payments standards in the U.S., has announced its 2015-2016 steering committee officers. The committee will be chaired by John Drechny, senior director of payment services, Walmart. Patty Walters, senior vice president of corporate EMV strategy for Vantiv Inc., will serve as […]
The board of directors of the Federal Reserve Bank of Philadelphia has announced that Patrick Harker will assume the role of president and CEO, effective July 1, 2015.
GlobalPlatform, a nonprofit organization that standardizes managing applications on secure chip technology, has added New Doone Science & Technology as an observer member.
Online gift card marketplace Raise has announced that Don Kingsborough has joined the company’s board of directors.
Payment services provider and processor Sage Payment Solutions has appointed Paul Bridgewater as CEO and Jim Emerick as executive vice president of customer support.
