News & Features

Nordic Capital looking to sell Itiviti for $500 million

Scandinavian private equity firm Nordic Capital is looking to sell Stockholm-based firm Itiviti for $500 million. The Swedish company specialises in financial messaging infrastructure. Bloomberg reported that Morgan Stanley has been engaged to find a buyer. Itiviti is the result of a recent between Orc Group, a provider of trading and electronic execution software, and »

Speed traders exploit UK dark pools, but not enough to matter

(Bloomberg) — High-frequency traders are taking advantage of slower data connections used for U.K. dark pools, but it’s not costing investors enough to outweigh the usefulness of the trading venues, a report published by the Financial Conduct Authority found. About 3.5 percent of the time, the stock prices used for trading in the dark venues are »

Growth will bounce back, says Infosys

(Bloomberg) — Infosys Ltd. expects growth to bounce back from last quarter’s disappointing showing but warned that the IT services industry will take a short-term hit from Britain’s decision to depart the European Union. Infosys, a barometer for the health of the $3 trillion global enterprise IT spending market, slashed its annual sales forecast in July, »

Credit unions choose Validata for continuous testing

Two Canadian credit unions, FirstOntario and Integris, will work with UK-based ALM software provider, Validata, to facilitate their transition away from legacy systems to the Temenos T24 core banking platform. The firm will provide its Software Asset Suite (SAS) Automated Lifecycle Management platform to the financial firms to drive their digital transformation. The credit unions »

CFTC adopts new rules for cyber security testing

The US Commodity Futures Trading Commission (CFTC) has voted to adopt new rules to govern security testing for contract markets, swap execution facilities, and swap data repositories as well as derivatives clearing organisations. These amendments are in line with the recently released ‘Guidance on Cyber Resilience for Financial Markets’ published by the Bank of International »

Bank of England weighs merits of digital currency

Victoria Cleland, Chief Cashier at the Bank of England, has reiterated the Bank of England’s commitment to investigating central bank-issued digital currency (CBDC). The Bank of England first brought up the possibility of a government-sponsored digital currency in a February 2015 research paper, that inspired UCL researchers to develop RSCoin, a prototype for a CBDC. »

Round-up: Regulatory and Company News

SWIFT criticises negligent banks in leaked email SWIFT, the interbank payments consortium, has warned banks that there have been successful cyber attacks on its members since the $81m February theft from the Bangladesh central bank. In a letter obtained by Reuters, SWIFT suggested that the attacks exploited lax security measures to send fraudulent transfer requests. »

Book Review: Robo Advisors – It’s All in the Game

Book Review: Robo Advisors – It’s All in the Game

Back in February, we ran an article on QA-Financial entitled: “Are Regulators Right to Focus on Robo-Investing?” The answer is, well, maybe. While asset management firms are making big investments in robo-investment platforms, the advice those platforms are giving, together with the algorithms that are driving that advice, are actually rather straightforward. The modern portfolio »

Hong Kong opens door to fintech

Hong Kong. Credit: Mike Behnken. Following in the path of London and Singapore, Norman T.L. Chan, chief executive at the Hong Kong Monetary Authority (HKMA) announced the launch of a fintech innovation hub and a supervisory sandbox at the Treasury Markets Summit 2016. Chan said that there was a widespread perception that: “The development of »

ABN Amro embraces private cloud for testing

ABN manager takes steps towards private cloud

Mobile Labs, an Atlanta-based mobile app testing provider, has announced a deal with Dutch bank ABN Amro to provide access to deviceConnect, Mobile Labs’ private cloud solution for mobile testing. The deviceConnect service is run on a machine the size of a photocopier located inside the customer firm and connected to the customer’s private  internal »

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