Financial Industry Tech.
The financial sector is totally dependent on technology - and has been since its earliest days. From safes to cheque printing, from premises access control to cash in transit, from internet transactions to money laundering and other risk management.
Financial Industry Tech: new high-speed data network in Asia Pacific
IPC Systems, Inc. has announced the completion of its pan-Asia-Pacific Optical Network enhancement. IPC's network connects major financial centres via a high-speed, fully-restorable pan-Asian optical network.
Financial Industry Tech: Sapiens buys Harcase Software
Sapiens International Corporation N.V. a global provider of insurance software has acquired Harcase Software, a provider of software to the North American insurance industry.
Financial Industry Tech: ASIC gets new integrated monitoring system
The Australian Securities and Investment Commission is to outsource a new integrated monitoring system - just in time for taking over a new regulatory role in relation to ASX.
FI Tech: bank sued for failing to protect internet banking account
US District Judge Rebecca Pallmeyer has refused an application by Citizens Financial, part of Citizens Bank to toss out an action by an account holder that the bank is responsible for losses after a hacker stole USD26,500 from their account. And there's an interesting account monitoring and money laundering perspective, too.
FI Tech: SearchSpace > Fortent > NICE
Actimize has leapfrogged its competitors as its parent company, NICE, announces its purchase of Fortent, formerly known as SearchSpace.
FI Tech: Futurex builds on AsiaPac sales
Hardware data encryption specialist Futurex has opened an office in Singapore having won several contracts in AsiaPac in recent months.
FI Tech: Bankers Almanac adds online document verification
Bankers Almanac has added online document verification to its Due Diligence Repository, a service to aid due diligence on banking counter-parties.
FI Tech: Consolidation in supplier market
Jack Henry Associates is to buy Goldleaf Financial Solutions, Inc. to gain access to global market. Goldleaf specialises in remote deposit applications.
F I Tech: getting banknotes into banks
As the drive to reduce counter-time by customers intensifies, Diebold has installed more than 25,000 cash deposit machines in the USA.
FI Tech: clearing credit cards over broadband
HSBC and US company U.S.-based Global Payments Inc. have formed a joint venture to improve the speed and reliability of credit card clearing in both high-volume and emerging markets.