The SEPA Direct Debit Scheme and the Payment Services Directive Pose Challenges and Opportunities August 27, 2009New European payments directives will require banks to invest in new infrastructures or partnerships, but they also provide opportunities to offer value-added services, writes Bernd Waizenhoefer, Head of FI Markets - Global Payments Product Management, Glo U.S. Treasury Adopts Open Source Strategy to Drive Electronic Tax Payments March 16, 2009A free, real-time Web services interface for the Department of the Treasury's Electronic Federal Tax Payment System promises operational cost savings for banks. IBM Suggests Global Risk Reporting Standard December 15, 2008 Sibos News: Sun Launches Open Suite for SWIFT September 14, 2008Sun's Open Suite for SWIFT is an end-to-end software and hardware infrastructure solution aims to facilitate SWIFTNet integration. SWIFT’s Exceptions and Investigations Automation Push Lacks Widespread Adoption August 21, 2008SWIFT's exceptions and investigations STP initiative promises improved service and efficiency, but adoption is lacking. Interactive Financial Exchange Forum Creates Messaging Standards March 27, 2008The Interactive Financial Exchange Forum strives for financial messaging harmonization. FSTC Eyes Records Management March 27, 2008With a unique focus on technology, FSTC's new initiative promises enhanced efficiency and effectiveness for banks. SWIFT Program Aims to Standardize/Streamline Service Process October 01, 2006Program streamlines and standardizes procedures for dealing with customer issues. Making Time for Real Time August 30, 2005Cable & Wireless makes gains in attracting information providers to its real-time data feed.
The Future of Software: Apps to Die For December 06, 2004Service-oriented architectures may lead to the next transformative application, such as a hands-off tax return. XBRL Moves Toward Adoption November 09, 2004Adoption of standard requires motivation, technical standards, taxonomies, software and implementation, says XBRL chair. Digging Out From Under Piles of Paper October 28, 2004Leumi Bank moves its paper documents online with BluePhoenix Solutions system. XBRL Gathers Momentum With SEC and EC Attention August 30, 2004Financial-reporting protocol gains high-level attention on road to adoption. The Holy Grail of Loan Processing June 02, 2004Online lenders have a jump on unlocking the potential of straight through mortgage processing. E-Trade Eases Funds Transfer April 27, 2004Online brokerage uses instant account verification software from Yodlee to make process simpler and in real time. In-House Innovation September 16, 2003Custom code is alive and well and playing a strategic role at many financial-services companies, including H&R Block, Morgan Stanley, Fannie Mae, AXA Financial and the London Stock Exchange. FSTC Project Targets Web Services June 27, 2003FSTC works to establish Web services standards for corporate banking. Sumitomo Mitsui Opts For XBRL April 24, 2003Sumitomo Mitsui Banking Corp. expects to boost the efficiency of its trade processing thanks to a new XBRL-based system built by an NEC subsidiary. A Financial Giant Builds Content-Rich Services March 17, 2003Merrill Lynch plans to roll out its Content Publishing Management System, for producing all print and electronic products, throughout the company by this spring. California Savings Chooses Aurum January 08, 2003California Savings Bank inks a five-year deal with Aurum Technology, under which the bank will implement Aurum's core processing system and its integrated electronic banking suite.