Fintech giant SunGard says its customers are "carefully managing their IT spending" following the credit crunch and warns that "extended sales cycles and delays in discretionary projects" at some ...

Swift says it is working with a group of major prime brokers to develop a centralised pre-settlement matching system that cuts the cost and risk of processing equity and fixed income trades ...

Stewart MacKinnon has resigned as secretary general of the European Payments Council (EPC), citing differences of opinion about the role and direction of the EPC.

After posting solid gains for the last 12 months Misys says it is confident of its ability to continue to perform, despite the credit crunch.

The New Zealand Stock Exchange (NZX) says it will use the Swiftnet FIN network for clearing and settlement messaging.

The European Central Bank is to press ahead with the launch of its contentious settlement harmonisation project Target2-Securities and has assigned the development and operation of the facility to ...

Citi's Global Transaction Services Business unit is rolling out a digital ID service for corporate customers transacting online.

Swift plans to launch a new 'lite' interface device at this year's Sibos in Vienna in September, in an effort to ease access to the payments messaging network for low volume financial institutions ...

UK bank Lloyd TSB is to use IdenTrust authentication technology to provide corporate customers with secure access to the Bacstel-IP payments platform.

Banks and corporates have been given the go-ahead to use the Swift financial messaging network for the exchange of trade finance-related information, including Letters of Credit advice and ...

The Royal Bank of Scotland (RBS) is implementing technology from Fundtech-subsidiary Accountis to provide bank-branded electronic invoicing services to its corporate customers.

More than 400 representatives from banks and 200 leading corporates will convene at the Marina Congress Centre, Helsinki, on 25-26 June to look beyond the practical compliance requirements of ...

Financial messaging network Swift has appointed BT Radianz executive Chris Church as chief executive of Americas and global head of securities.

Bank-backed settlement body CLS has responded to a repeated call from the Bank for International Settlements for the industry to do more to crack down on FX settlement risk by outlining new measures ...

UK financial software house Gresham Computing has recruited industry expert Eric Sepkes as executive chairman as it looks to boost its business and reverse a slide in revenue and profits.

Finextra Research and the Euro Banking Association will this year hold their annual European payments forum - EBAday 2008 - over two days in Helsinki in June, with the support of lead sponsors ...

Financial messaging network Swift is looking to extend its influence into the hedge fund sector with the introduction of a new set of message standards for automating communications in the ...

US electronic payments association Nacha is urging banks to step up preparations for the introduction next March of new rules for international ACH transactions (IAT) which will require payments to ...